Financial Adviser: Market Run-Up Shouldn't Alter Strategy - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Financial Adviser: Market Run-Up Shouldn't Alter Strategy

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SALISBURY, Md. - Many pundits predicted before the presidential election that a Hillary Clinton presidency would be a better bet for the stock market than Donald Trump. In the five weeks since the election, the opposite has been true.

The stock market is on a record run since Trump's election on November 8. Tuesday, the Dow Jones industrial Average closed up 114 points to yet another new record of 19,911, and may eclipse 20,000 for the first time. The Dow has gained 1,660 points since election day, or 9%. The S&P 500 is up more than 6% since Trump was elected. Many experts credit Trump's pro-business, pro-growth platform. One local financial planner sees a strong foundation for future growth.

"Do I personally feel a bear market is looming? No," said Mark Engberg, Comprehensive Financial Solutions, in Salisbury. "The economy is reasonably strong, the consumer is strong, inflation is low."

But, he cautions stock values are generally based on predictions of performance, and no one has a crystal ball.

"If growth isn't really recognized the way we would hope, then there could be a pullback in the market, but long-term I believe the trend is up," said Engberg.

So what should a typical investor do with this current run-up?  Pour even more money into the market, or maybe take some out anticipating a correction? Engberg says none of the above. 

"Don't panic, don't be greedy. Just be a consistent, level-headed, consistent investor. Stay invested, stay balanced. Trying to time the market, to get in, to get out, has proven to be a fool's game,"
he said.

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