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Lincoln Financial Advisor Says Market Will Bounce Back Save Email Print
Lincoln, Neb.
Posted: 9:10 AM Oct 11, 2008
Last Updated: 9:18 AM Oct 11, 2008
Reporter: 10/11 News
Email Address: desk@kolnkgin.com

A | A | A

While President Bush continues to tell the nation to have confidence in the market, many local investors are left wondering how long it could be until the measures taken by the federal reserve and treasury will breathe life into the battered market.

Lincoln Financial Advisor Bob Bennie says the worst thing investors can do is panic. Bennie warns that any investment made based on fear, is bound to lose.

"Obviously some people are panicking because the market has gone down so much. But in a market where the value of something has gone down unless you sell it -- you haven't lost any money. So we're recommending to our clients to hold on, not panic, and not sell, and just wait for the market to recover," said Bennie.

Bennie keeps his investors from making bad decisions by taking a proactive stance.

Since the financial meltdown he has sent letters and made phone calls to his clients, reassuring them that the market will eventually bounce back.

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Posted by: Bill Location: Lincoln on Oct 11, 2008 at 06:17 PM
What kind of expert is this guy? Of course, he wants you to keep your $$ with him in the market, you lose and worry . . he sleeps like a baby . . . Find your peace and security while you still can!

Posted by: Grace Location: Lincoln on Oct 11, 2008 at 02:47 PM
Of course, Bob is telling people to stay put, he makes money whether either way. Its not his retirement that's in jeopardy. Some of us don't have the time to make up the loss this time.

Posted by: Tzalaran Location: Lincoln on Oct 11, 2008 at 12:46 PM
This economic downturn is just a result of the inflated values of property coming back to normal. panic will only exacerbate the problem, and within 4 years the DOW will have returned to normal. We just need to ensure that the factors that caused this bubble are addressed so the situation can never happen again.

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