EUGENE, Ore. – Wall Street experienced a rebound Tuesday after the historic losses the day before.
Experts said in the last five days, the Dow Jones has lost more than $1 trillion raising concerns among many investors.
Financial Adviser with Edward Jones, Craig Leonard, said he understands their concern because when the market plunges so does the money they have investments toward their retirement.
While the four percent dip in the Dow left many concerned, Leonard said there is no reason to be alarmed.
“Right now, we’ve just come to a spot where we haven’t had any little drops you know in quite a while,” he said. “Typically on average, we see about two to three percent dips.”
Leonard advises against making impulsive decisions like pulling money out while the market dropping. He said doing so and then buying in at the top will only double your losses.
“As you are moving closer to retirement, or if you are in retirement your money should be more conservative, “Leonard said. “There should be pockets of money set aside that won't be affected by drops in the market."
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