Lakeshore area Registered Investment Advisor George Reis earlier this week predicted a “bumpy” ride for investors, with challenges of the virus, the riots and millions of people unemployed.
“On Sunday we sent out a newsletter to our clients expressing concerns that the next several weeks the market will be volatile. So far this week the market has been down about 1200 points including 800 points today.”
The President of GVR Investment Management in Two Rivers says that it is “NOT” panic time.
“Even though we may have not hit the bottom, we got too far ahead in the previous couple of weeks, so it’s just backtracking. I think the most important thing investors can do is keep emotions out of it.”
His advice now is, “Buy good quality things, or utilize things like buy orders. For example if stocks sell at one hundred dollars, you can put in an order for ninety.”
Reis added, “Keep consistent in your approach….don’t panic, don’t get too far ahead and don’t get too far behind.”
