Market swings are top-of-mind for people who still can?t relax, five years after the 2008-2009 stock market meltdown. Investors worry that the five-year bull market in stocks could suddenly turn.
Clients of financial advisers worry about market swings even more than they fear running out of money in retirement, according to a Russell Investments survey.
The reason? Many investors can?t erase memories of 2008, said Scott E. Couto, president of Fidelity Financial Advisor Solutions. The Dow Jones Industrial Average dropped 54% between October 2007 and March 2009. After that dive, the market has risen 133% from March 9, 2009 to Sept. 29, 2014.
?Losing hurts worse than winning feels good,? Couto said. Many older investors are particularly cautious because they are taking retirement distributions, or will need to do so soon.
Read More At Time.
