Volatility in the stock market is commonplace but Wall Street has seen drastic swings in recent weeks losing more than 700 points in a single session alone. George Reis is President of GVR Investment Management Inc. in Two Rivers. He says the reason is two-fold.
The United States relationship with China has been tense as President Trump attempts to negotiate a more “equitable trade agreement” with the economic giant as he has with other nations in recent months.
When the market is in a downturn Reis says it’s a great time to buy stock knowing that the market will eventually correct itself.
And the local financial expert emphasizes the importance of working with a company that is held to a fiduciary standard which is based on acting in your (the clients) best interest.
Other questions to ask are how will my money be invested, how do you (the company) get paid and how often should I expect to hear from you? Reis adds that it’s never too late to start investing for your future.