WICHITA, Kan. (KWCH) – In light of the recent turmoil in the market, many people are asking what they should do with their investments. Experts emphasize the importance of staying calm and being patient to avoid making costly mistakes. Financial advisors report a surge in calls from anxious clients but urge them not to react impulsively to headlines. Instead, they recommend developing long-term investment strategies and riding out the storm.

“I think the best thing a person can do is just stay patient when times are rough like this,” said Michael Caffrey, co-founder of Air Capital Wealth Management.

He and fellow co-founder Gabe Parham share this advice as people navigate the changing market landscape. With the stock market’s recent fluctuations, many investors are re-evaluating their strategies. Parham reassures clients that there’s no need to panic.

“The market doesn’t like uncertainty, and so when the market isn’t sure of what to think, that’s where you end up with these big swings in the market,” Parham explained.

He advises that the best approach right now is to wait it out. Proper planning is crucial for keeping clients calm during volatile periods.

“As long as you have a retirement plan in place, events like this shouldn’t affect your long-term outcome,” Caffrey added. “For our clients anyway, we don’t want them to change their directions; we should have planned for events like this to happen a long time ago.”

They emphasize that patience is key.

“Even if you’re nearing retirement, you still have many years for your money to work for you. If you plan to retire and live for 20, 25, or even 30 years, it doesn’t mean you need to withdraw all your money from the stock market right now.”

Share.

Leave A Reply

Exit mobile version