• Posted on Thursday, September 25, 2008
  • Bookmark and Share
  • email
  • |
  • print
  • |
  • rss

tool name

close
tool goes here

In a portfolio panic? Experts urge calm

email this story print this story jump to comments

Here's some basic advice for investors worried about the turmoil on Wall Street: Don't hit the panic button.

Instead, call up your financial adviser, who more than likely will tell you that you can ride out the trouble without major changes to your portfolio.

"For the most part, if they're already invested correctly, they should stick with it," said Jeff Burrow, a financial planner and co-founder of Valley Wealth Inc. of Modesto.

He and other experts in the area said the turmoil, while not something they welcome, is just another bump for a financial system that has long-term strength.

They said bear markets give way to the bulls, as happened after the plunges of 1929, 1987 and 2001. And they said many companies are well-removed from the current problems -- fueled mainly by bad mortgages -- and remain sound investments.

Read the complete story at modbee.com

  • Bookmark and Share
  • email
  • |
  • print
  • |
  • rss

tool name

close
tool goes here
JOIN THE DISCUSSION

We welcome comments. To post one, you must sign in using either your McClatchyDC login or your login for Facebook, Twitter or Disqus. Just click the appropriate box below.

Please keep your comment civil, short and to the point. Obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. If you find a comment abusive or inappropriate, please flag it for the moderator by placing your cursor on the comment, then clicking the "flag" link that appears. Thanks for your participation.

Stay Connected

Sign up for email newsletters RSS
Follow us on your iPhone Follow us on your Android device
Follow us on Facebook Follow us on Twitter Follow us using Google Currents