With the debt level increasing in the nation, an increasingly large number of people are looking for ways to boost their income level through different ways like stock investing. If you too feel that your debt obligations are reaching a level where it is spiraling out of control
If stock market gyrations make you queasy, you may not want to read on.
The Wilshire 5000 Total Market Index has lost $2.8 trillion in value since the stock market slide began on July 22. Some $600 billion of that went up in smoke on Wednesday, when the index and the Dow Jones Industrial Average both dropped about 520 points.
Not surprisingly, the stock market’s wild swings in recent weeks have sent investors and retirees scurrying to their financial advisors for some hand holding. The main message they’re hearing: Stay put.
“Try to take a step back from the day-to-day,” said Chris Philips, senior investment analyst with Vanguard. “Reacting to these ups and downs and sideways swings can actually do more harm than good for most investors.”
EW YORK (CNNMoney) — Investors lost a trillion dollars in the in the stock market Monday as the debt crisis in Europe, lackluster economic news and a downgrade to the U.S. credit rating spark fears of a double-dip recession.
The Wilshire 5000 Total Market Index, the broadest index of U.S. stocks, lost 891.93 points, or just over 7%, Monday. This represents a paper loss for the day of approximately $1.0 trillion.
NEW YORK, Aug 8 (Reuters) – U.S. stocks plunged on Monday
and investors fled to the safety of gold and bonds after the
downgrade of the U.S. credit rating by Standard & Poor’s stoked
fears the United States is slipping into recession.
Wall Street slumped as much as 6 percent by mid-afternoon
and European stocks hit a two-year low. A favored gauge of
investor anxiety spiked well above 40, a sign investors are
afraid of more declines to come. The CBOE Volatility Index
.VIX surged 41.9 percent at 45.40.
Investors were struggling to discern the effects of the
U.S. credit rating downgrade to AA-plus from AAA, which could
hit various components of the vast U.S. financial sector, from
mortgage lenders to municipal issuers and insurers.
NEW YORK (Reuters) – Wall Street’s advice to investors battered by plunging markets: Keep buying stocks.
With markets plunging for more than a week, and no relief in sight, some of the biggest brokerages on Thursday afternoon and early on Friday told their advisers that clients should not flee but instead buy into the panic.