As Stock Market Plunges, Financial Adviser Says ‘Take A Deep Breath’
With the stock market tumbling as President Donald Trump imposes tariffs on international trading partners, a Plymouth-based financial adviser says investors should “take a deep breath.”
Bill Wixon is a financial adviser with Berger Financial Group, located at 1685 Hwy. 169.
“Take some time — even count to 10 if you need to before you make decisions and lock in those losses,” Wixon said. “Because if you move to cash, here’s the big question — you move to cash, when are you going to go back in?”
According to Wixon, market downturns are unavoidable and a normal part of investing.
“The market has historically always come back,” he said. “We just don’t know the timing. Many, many people, many of you have 401Ks. Don’t stop investing.”
Most of Wixon’s clients haven’t been looking to dump their stocks. But, he said that some could begin to lose patience if the market continues to trend downward.
Bill Wixon is a financial adviser with Berger Financial Group, located at 1685 Hwy. 169. He said investors should ‘take a deep breath’ before making long-term financial decisions.
