Trying to Catch Falling Stock Prices
The stock market has taken it on the chin with blame going to the coronavirus. Oil prices also collapsed due to a sudden price war between Russia and Saudia Arabia. How should an investor react to such immediate, sharp drops in asset prices? Does the old adage still hold: “Don’t try to catch a falling knife”?
Mike Switzer interviews Chris Cabri, a certified financial planner with Ameriprise Financial Services in Greenwood, SC.