Akron Life September 2022

FINANCIAL PLANNING

by Kelly Petryszyn

Storm Shelter Survive the bear market with expert tips.

Financial adviser Jerome Rieke likens client reactions to the current bear market to fastening a seatbelt and enduring turbulence in an airplane. “That’s the kind of nerves we’ve been seeing our clients experience,” says Rieke, who works at the Edward Jones office in Akron. “That’s natural. If you’re a human being, you’re probably going to be nervous regardless of your experience dealing with bear markets.” The current bear market began in mid-June when S&P 500 prices dropped more than 20 percent from their record highs in January. As of press time in mid August the value of investments remained down and investors’ worries were up. Rieke offers guidelines to help you weather the financial storm.

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