Staying ahead of the market: What financial experts say you should know
MONROE, La. (KNOE) – A recent decline in the stock market has some investors concerned, but financial experts say, “Don’t Stress, Invest.”
Officials with the Oglesby Financial Group say weeks ago the stock market hit an all time high, but now the market is down about 5.6% from where it was.
Darren Oglesby, CEO and founder of the Oglesby Financial Group, says many investors are concerned that the decline is due to tariffs. According to Oglesby, a decline like this is not uncommon.
He says the market fluctuates often and has been in a similar position multiple times annually in the past. Oglesby says those preparing for retirement shouldn’t be concerned, but they should take advantage of low stock prices.
“We have a 5% downturn on average in the market over the past 100 years, about three and a half times a year, so it’s something that’s very normal. Some investors have been waiting for this opportunity, well, it’s here. I think the key is to go in and separate those things that could be short-term impacted from tariffs, from those that are not but have also been sold. Those can be bought right now at a discount. We get very few opportunities throughout the year to do this, and I believe this is one of them,“ Oglesby says.
Other investors say using apps like Acorns or Robinhood are good ways to invest temporarily.
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