A Sturgeon Bay financial associate says this week’s historic decline and correction of the stock market is an excellent reminder to always plan for the long haul when it comes to investments. The Dow Jones closed down nearly 1200 points down on Thursday, finishing at 25,766.64. That is reportedly the single worst week for the index since 2011.
Casey St. Henry from Thrivent Financial says no matter what the stock market is doing, a good rule of thumb is to invest long term.
Experts say the coronavirus fears are the reason for this week’s battering of Wall Street. St. Henry adds that before investing in the stock market, you should work with a professional financial advisor in developing retirement strategies and goals.