ATLANTA - Financial experts in the metro area responded to Monday's stock market turbulence, advising long-term investors to remain calm. Chief Investment Officer Adrian Cronje at wealth management firm Balentine said investors could do more harm than good in the long run if they overreact to market turbulence.
Experts say this is a good time to review your investments and recommends ensuring your portfolio is diversified. Cronje said, "So much of success in investing is not reacting to the latest news. What it takes to be a successful investor is to really understand what you goals are, what your horizon is likely to be to reach those goals, and how you reach a strategy to maximize the probability to hitting that goal."
Chief Investment Officer Don Wilson at Brightworth agreed, saying he wouldn't be overly concerned about Monday's stock market drop. Wilson said, "The market has its ups and downs. We've been in a very strong period the last five to six years for the market, so having the pull back is normal. It's not something out of the ordinary."