14 Mar '18, 4pm

Ride the waves: This is not the time to go to cash, advisors say via @SunGroupWP #WinnieSun

Ride the waves: This is not the time to go to cash, advisors say via @SunGroupWP #WinnieSun

You may be tempted to move your investments to cash in light of the more than 1,100 point-drop the Dow Jones industrial average suffered in one day that put the index in correction territory. Yet financial advisors say you shouldn't let this development spook you from staying the course when it comes to your investment goals. "This is very healthy," said financial advisor Paul Pagnato, founder and CEO of PagnatoKarp in Reston, Virginia, noting that the long-term outlook for the economy, market sentiment and world stability remains the same. "We're long overdue for a market correction," he said. The Dow erased its 2018 gains on Monday , dropping 1,275.21 points to 24,345.75. The S&P 500 also suffered a big one-day decline, closing at 2,648.94. More from Investor Toolkit: Investing with borrowed money can be a big win Beware of online financial quick-fix stories So you're a ...

Full article: https://sg.finance.yahoo.com/news/not-time-cash-advisors-...

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