Local expert advice on volatile stock market

ROCHESTER, N.Y. (WROC) — Earlier this month, stocks were taking a nosedive, only to make up huge losses over the last two weeks.

In response to a situation that might look out of control, Jessica Ferrindino with The Platinum Wealth Group says it’s important to maintain discipline.

“Discipline to us means we understand our client’s risk level and we stick to that risk level so we don’t let short-term volatility affect the long-term planning objective,” Ferrindino says.

Getting a wealth advisor might help you do that.

This is someone who’s there to encourage you to stay the course, as many envision long-term pain during what could be a short-term crisis.
Some of those folks might be tempted to move their savings from the stock market to a generic savings account or a CD.

“Cash instruments or CD instruments have some stability associated with them but they may not have the growth potential over a long period of time,” Ferrindino said.

Others might try to go in the other direction, a riskier direction, perhaps buying and selling quickly online to try to time the stock market in anticipation of big announcements.

“A lot of times when people are doing it on their own, they tend to let emotion get the best of them and perhaps they allow those emotions to affect their decisions on whether they’re buying or selling,” Ferrindino said.

Whatever you do, Ferrindino says, diversifying your portfolio, such as a variety of stocks or a variety of investments, will improve your chances of making it through this seesaw market.

The full interview with Ferrindino will stream tonight at 9:30 p.m. on the RochesterFirst streaming app as part of News 8’s Your Money series.

Copyright 2026 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

For the latest news, weather, sports, and streaming video, head to RochesterFirst.