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Investors cope with fear of falling off fiscal cliff
Posted By -NO AUTHOR- On 11/14/2012 @ 6:32 pm In Money | No Comments
(Washington Times) For financial planners such as Graystone Consulting’s Robert Scherer, it’s hard to talk about investing these days without fielding dozens of questions from concerned clients about the “fiscal cliff.”
Investors are worried and some are tempted to pull out of the markets. But Mr. Scherer, like most other financial advisers, is counseling clients to keep their eyes on the big picture — and not overreact.
Worrying about short-term results is no way to invest for the future, the managing director at Graystone said: “It’s like trying to focus on driving, but looking 2 feet ahead of you instead of way ahead of you.”
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