Penticton financial advisor says to ride out market uncertainties

PENTICTON — The Toronto Stock Exchange (TSX) Composite has plummeted about 19 per cent over the past year. During these market uncertainties — should people buy or sell investments?

Penticton resident Rick Valenti met with his financial advisor Thursday to learn about the health of his portfolio.

“With the economy going up and down, we wanted some clarity on where this was all going,” says Valenti.

The good news is, the TSX composite index finished the day 192.8 points higher at 12,035.86.

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With fluctuations in the market, many Okanagan residents nearing retirement are concerned. However, financial advisor Kelly Lindsay suggests weathering the storm.

“The market will return. We often have corrections like this and if you have a plan in place, without any doubt, the markets will recover,” she says.

In fact, she says with stock prices so low, it may be a good time to buy.

“If you’ve got cash on the sidelines, there’s definitely some good opportunity,” says Lindsay.

How much risk to take is — in the end– a personal choice.