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Home Markets Riding the Roller Coaster Through Turbulent Markets

Riding the Roller Coaster Through Turbulent Markets

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ROCHESTER, Minn. (KTTC) –If you’ve taken a recent look at your retirement portfolio, you’ve probably noticed it’s taken a big hit the past week.

U-S stock benchmarks skidded lower as oil prices surged and many are worried about the escalating fighting between Russia and Ukraine.

Millions of Americans have their lives tied to the stock market through avenues like a 401-K retirement plan.

As the roller coaster ride gets more precarious, financial advisors say it’s important to not overreact and keep thinking about the long term. They say continue to contribute to your plan or you might miss out on employer-matching programs. And resist the urge to try to “time” the market and buy into the “dip”.

Dan Peterson is a financial advisor with Think Bank. He says “The hard part is we don’t know if this is the dip. We know the market is declining, but we don’t know how far it’ll go. Market timing is always difficult to do. We talk to our…

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