Many *local* stock brokers say... the anxiety over the recent dip in the market is more about a misunderstanding.
That's why financial advisors are encouraging patience in a business that's traditionally very lucrative.
Just a couple of weeks ago many were talking about stocks reaching all-time record highs.
Now investors appear to be scrambling after the biggest drop in three years.
But financial advisors say it's important to look at the bigger picture.
Chris Vargas is the managing partner of legacy wealth planning. he's telling his investors the market status is an opportunity rather than a problem.
Dain Rauscher consultant steve hill has been working with many of the same clients for the past 20 years.
He says it's important to focus on the businesses beyond the numbers.
Hill says the vast majority of americans simply don't read between the lines. And many people buy and sell based on opinions and not facts.
Ultimately, financial advisors agree the recent slide was only temporary...and what goes up, must come down.
These advisors say it's perfectly understandable to try and make a little bit of extra money with the stock market.
But the status of social security means you might want to rely on other methods when it comes to saving for your retirement
Baby boomers in particular, are struggling to find an adequate retirement plan.
One recent study polled several new england firms...and found over 85 percent of the businesses didn't have a plan in place for baby boomer workers.
One Dain Rauscher consultant here in reno says a good plan is all about saving.