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No get rich quick methods with investing
Posted: 08.09.2011 at 7:35 PM
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A six-hundred point single day drop in the Dow is enough to leave any investor queasy; but Lexington financial advisor Robert Suggs says now is not the time for knee-jerk reactions.

"If your goals are remaining the same, there's no reason to worry about it," said Suggs "This is what it feels like to buy low."

That means if you've always wanted to get into the market or increase your investment there isn't a better time.

"When I was younger, I had the misconception the market was a place to go and make some quick and easy money and that's just not the truth," adds Suggs.  

Suggs agrees that congressional wrangling over the debt ceiling and the historic downgrade of the United State's credit rating has put a scare into wall street.

"I definitely think there's a lot of fear that gets brought into situations like this, and I think that's a lot of what you're seeing." 

But Suggs says he hasn't had any of his clients pull their money out of the stock market yet.           

 

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