Handling Your Stocks in a Fluctuating Market

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TJ and Allison, just this morning the stock market was down by nearly a thousand.

It then fluctuated all day.

I sat down with a local financial advisor who says the market is merely cleansing itself.

It can be easy to let the numbers get to you.

“Well it kinda makes your heart drop a little,” says Danny Mohn of Whapeton, ND.

But try and take your emotions out of it.

“As long as you have your money in investments where you think over the long term it’s gonna grow then there’s really no need to take your money out of the stock market because it will eventually come back,” says Tim Lawrence of River Falls, WI. 

And the expert agrees.

“Really our best advice is find quality investments and stick with them,” says financial advisor Paul Meyers. 

And with unemployment down and housing up, the market is healthy.

“McDonald’s is still making hamburgers, the Holiday Inn is still renting rooms and Ford is still selling automobiles, in fact, at a record pace. There’s nothing wrong with the economy we’re just seeing some price decline in some of the stocks.”

Meyers says you can look at the market fall as a crisis or an opportunity and for Danny he’s taking the latter one.

“I’m gonna wait a few more days to see what happens. If it drops some more I’m gonna buy some more,” says Mohn.

And if you’re still a little nervous, consider some additional advice.

“If people have concerns or questions or worries about what’s going on in the market, boy you oughta talk to someone you trust: a financial advisor, someone who you have a good relationship with,” says Meyers. 

It’s tough to predict where the roller coaster of a market will even end up tomorrow…but when it comes to your stocks, be proactive and decide your course of action, whatever that may be.

Sarah Brechbill KVRR news.
 
The dow closed today down 500.