Stock market drops have some paying close attention

The stock market is making history this week but are people locally concerned?

Posted: Feb. 6, 2018 12:28 PM

MASON CITY, Iowa - The stock market is making history this week but are people locally concerned?
Dave Grooters has been making sure his morning routine doesn't just start with coffee these days but checking stocks. He says he's been paying attention due to having a retirement fund and he's one of many who may be impacted by what's happening as global markets are tumbling.
When the Dow dropped more than a thousand points Monday that became the worst drop the world has seen on record. Those at Raymond James Investment Banking say the economy is picking up making inflation rise.
“At my age, which is middle age your timeline is pretty much long term. If you look at the market from a long term perspective it always goes up and down, but the trend is always up,” Grooters said.
Grooters says his trick is to try to ignore the down times. Those at Raymond James suggest those invested just sit back and make sure you have a plan in place that is volatile, one that's good not just when the market is good.

Article Comments

Mason City
Clear
76° wxIcon
Hi: 84° Lo: 60°
Feels Like: 76°
Albert Lea
Clear
75° wxIcon
Hi: 81° Lo: 61°
Feels Like: 75°
Austin
75° wxIcon
Hi: 82° Lo: 60°
Feels Like: 75°
Charles City
Clear
77° wxIcon
Hi: 82° Lo: 61°
Feels Like: 79°
Rochester
Clear
72° wxIcon
Hi: 82° Lo: 60°
Feels Like: 72°
The heat and humidity will be sticking around for what will be just about an entirely dry weekend.
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Twins donate signed jersey to Rochester family

Image

Scholarships for Women in Construction

Image

Canvassing the Results

Image

Group Asks for Water Quality Legislation

Image

Mental Health First Aid Training

Image

KIMT StormTeam 3 Weather Forecast (8-17-18)

Image

Local Heroes Day

Image

Extra patrol on roadways

Image

Renting Chromebooks

Image

aretha franklin

Community Events