Portfolios are plummeting as the stock market took the biggest dive since 2020 on Thursday, and markets continued to fall on Friday, closing a volatile week for people’s pocketbooks.
“Everything keeps rising and it’s hard for us to survive,” said Tavion Washington, a dad of two who works in Renton.“The bad news, it’s pretty surreal,” said David Liu, who in the Renton Highlands on Friday.“Honestly, it just feels like I can’t look at that right now,” said Stephanie Browne, also in the Renton Highlands on Friday. She said she heard the news on the radio and had to change the channel. “There are some things you can control and the day to day is what you can manage,” Browne said.
“As long as you’re more than three to four years out from retirement, it’s best to just let it ride. Because this will only be a small blip on the radar when you look back,” Carruthers said. Another tip that applies for everyone? Carruthers has a warning about bonds and is currently advising against investing in the traditionally stable option.
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