The numbers are initially shocking - a one-day drop of the Dow Jones industrial average of 512 points. But for investors, many of whom have their retirement savings heavily invested in the stock market, the advice from area brokers and investment counselors is, "stay the course, think long-term." According to Craig Tidball of Edward D.Jones & Co.in Warsaw, the 6.4 percent decline in the market yesterday emphasizes the need to look past the temporary fluctuations and concentrate on strong companies and a strong economy. "It depends on the approach you take to the stock market," Tidball said."We encourage investors to buy quality and long-term.People should just stay the course and ride this out." Denny Reeves of Lake City Bank concurred, saying this may be the first experience many first-time investors have had with a volatile market.
DAVID A. BEALL, Times-Union Staff Writer- | July 28, 2016