Military financial specialists: Don’t give in to anxiety

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Military financial specialists: Don’t give in to anxiety
By Travis J. Tritten, Stars and Stripes
Pacific edition, Tuesday, October 14, 2008

There’s bad news, then more bad news.

The United States and the world have struggled for weeks to get the economic crisis under control as investors cringe and stock values plunge. By week’s end, there was still no visible bottom to stock market losses.

But despite the harrowing decline, now is no time for servicemembers feeling economic anxiety to sell or move investments, according to financial specialists in the Navy, Marine Corps and Air Force.

"They haven’t actually lost anything until they’ve sold," said Bonnie Lewis, a financial counselor for Marine and Family Services at Marine Corps Air Station Iwakuni. "Right now, you are going to sell it for less than you bought it for."

Financial specialists such as Lewis say they are telling investors the market is cyclical and an increase in investment values will eventually come.


Rest of article at: http://www.stripes.com/article.asp?section=104&article=58109