Falling stocks trigger worries among Portland investors - KPTV - FOX 12

Falling stocks trigger worries among Portland investors

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Trader Thomas Kay looks at screens in his booth before the opening bell of the NYSE, Mon, Aug. 24, 2015. World stock markets plunged on Monday after China's main index sank 8.5 percent, its biggest drop since the early days of the global financial crisis. Trader Thomas Kay looks at screens in his booth before the opening bell of the NYSE, Mon, Aug. 24, 2015. World stock markets plunged on Monday after China's main index sank 8.5 percent, its biggest drop since the early days of the global financial crisis.
PORTLAND, OR (KPTV) -

Plummeting stock prices on Wall Street had Portland area financial advisers’ phones ringing off the hook Monday, with clients concerned about their investments.

Eric Lochner, an advisor at Beacon Rock Partners, said his first words of advice are usually “don’t panic.”

“I think it's hard to separate emotions from your investments,” Lochner said.  “People get very emotional about money. Because it means more than just money.  It means, 'When can I retire, and can I put my children through college?”'

Lochner said most investors, those with diversified portfolios, will take some short-term losses, but should see their stock values return over time. 

The same can’t be said, however, for investors with especially aggressive portfolios.

“If you were in 100 percent stocks, your portfolio would go down 40 percent in a time like this,” said David Erlandson, an adviser with Erlandson Wealth Management.

What remains to be seen is the long-term impact of the sell-off on the U.S. Economy.  A bear market, with stock losses in excess of 20 percent, could trigger job cuts and increased unemployment. 

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