Market plunge creates opportunity, fear depending on age
By KMOV Web Producer
(KMOV) – Experts say the falling markets have created some winners and some losers, depending on an investor’s age.
“For the younger generation this is a positive,” said financial advisor Joe Terill.
While plunging markets have frightened older investors worried about 401Ks and retirement investments, investors in their twenties and thirties have an opportunity to buy stocks at bargain prices.
Terill says older investors shouldn’t panic. “They probably shouldn’t make any decisions immediately,” he said.
Many investors at or near retirement who had finally regained some of the losses from three years ago have now watched them get wiped out in only a week. However, Terill says there could be a silver lining for them – rising interest rates in places like CDs and bank accounts.