RAPID CITY, S.D. (KOTA) – According to a survey from Bank of America, investors are preparing to bail out of the U.S. stock market in anticipation of the “biggest drop in U.S. equity allocation ever.” But one local financial advisor is telling people here, not to panic.
Rick Kahler of Kahler Financial Group is urging anyone he can to stay put and not pull out investments. He noted that a drop in the market typically happens every three to four years, and the recent string of seven years without a major drop is abnormal.
While Kahler acknowledged the recent tariffs are having an effect on the stock market’s decline, he believes it’s not in people’s best interest to panic, but rather stay the course and invest both in your 401k and stocks.
“Don’t deviate, just keep putting money in your 401k,” Kahler said. “Don’t panic! Buy the sales. I wouldn’t sell when it’s high because we never know when it’s high.”
Kahler says he has seen many people panic in the past and wants to help others avoid what many call “the big mistake.”
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