Business news and discussion on TalkFuse.
Market sell-off hits hard: Advisors say ‘stay the course with an eye on buying’
Financial advisers are urging investors to follow their long-term plans during the market sell-off rather than react to short-term swings. They say panic can be a prompt to check whether investments still match a person’s goals and tolerance for risk.
Carolyn McClanahan recommends sticking to an investment policy suited to individual needs and tuning out market noise. Tra Sullivan said US shares have often risen in the 12 months after midterm elections, but stressed this is not a guarantee; he also noted that recoveries can come faster than expected. Nasdaq futures rose in Friday pre-market trading as chip stocks bounced after the index entered correction territory, while Dan Moisand argued that long-term resilience has tended to pay better than trying to time the market.
In short
- Advisers say investors should stick to plans suited to their goals.
- Nasdaq futures bounced after the index entered correction territory.
- Past rebounds and election patterns do not guarantee future gains.
Steelman: both sides, in good faith
The strongest fair case each way — we don't pick a winner.
The case for
Investors with a suitable long-term plan may be better served by sticking to it than by reacting to sharp short-term falls. Selling in a panic can lock in losses and miss a recovery, which may arrive sooner than expected; the reported historical pattern after US midterm elections also offers some reassurance, though no guarantee.
The case against
A sell-off can be a reasonable moment to reassess whether a portfolio still fits an investor’s goals, time horizon and tolerance for risk. Staying invested regardless may expose someone to losses they cannot afford or to a strategy that no longer suits their circumstances, while past market patterns cannot reliably predict what happens next.
Business Elections Football Markets Politics Sport