The One to Count On...

Investments Making Recovery from Market Plunge in ’08

Posted: Monday, August 30th, 2010 at 6:29 am
Author: KNIA/KRLS News-David Hecht

Many investors saw their portfolios take a significant hit in late 2008 and early 2009, when the stock market dropped sharply, but are those investors recovering any of those losses yet? Mark Ellingson, registered representative with VSR Financial Services in Pella says despite the recent volatility in the market, many people don’t realize the recovery that the markets made in the past year.

Ellingson says that while investments may not have fully recovered yet, those investing – particularly those nearing retirement – should remain objective and focused on the goals they have set for their portfolios and to establish a timeline and degree of risk that they are comfortable with for meeting those goals.