Tim Tremblay of Santa Barbara Tremblay Financial Services, California, said he has led countless clients through these uncertain times.
On Monday, the Dow Jones industrial average fell about 900 points or 2%.
The S&P 500 index fell 2.7%, while the NASDAQ, known for its high-tech inventory, fell 4%.
Some financial websites have been called the worst day since 2022.
“People are making calls, I have to hold my hand during his time. It’s part of the business and when we call, they think this isn’t really unusual, so they’re always feeling much better, we’ve seen this kind of recession,” Tremblay said.
On days like today, staff at his office off the coast of State Street in Santa Barbara are working to ease the fears of long-time clients.
“I’ve had this experience, I’ve been doing this since 1983.”
Tremblay said he learned a lot in the ups and downs of historic markets.
“And then protect your emotions.”
The former Wake Forest University football player saves emotions for the enviable sports memorabilia that adorns his office.
Tremblay said he has not used the term “uncertainty” repeatedly to criticize the financial media.
“It’s uncertainty that people felt uncertain about what’s going on in the market, whether tariffs are good, whether they’re bad, if it’s bad, if it’s bad, if it’s uncertain, if it’s uncertain, and that these things will have an impact on the economy,” Tremblay said.
Tremblay, who previously taught financial terminology on TV at Keat, usually recommends maintaining the course.
“Look at all the time the market has fallen. If you keep buying on the downside, you’ll move further along the way.”
He said it is important to consider the time frame of investors.
“Look at your strategy and follow them to continue the course.”
Many investors average dollar costs by investing a fixed amount on a regular basis to reduce risk.
“It’s so bad that people are investing on emotions, making decisions for the future, looking at the facts, seeing what you’re trying to achieve, looking at the stocks you have.
Investors are often asked to consider what they want to achieve with their investments.
“Everyone will be different, what is your time frame? When will you retire, you need a different strategy, so it’s really important to see what your goals are,” Tremblay said.
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