— Stick to overall investing strategies.
— Make sure that what your investing in fits your age and risk levels.
“Markets as a whole tend to shoot first and ask questions later,” Balentine said.
Watching balances in retirement accounts dip isn’t pleasant. But, he said, “reacting from an emotional standpoint is not the smartest thing to do.”
For Main Street investors “with a 401(k), as long as they have the right asset allocations relative to their age and risk level, this type of volatility really should not be a concern.”
Stock markets are volatile and pullbacks of 5% to 10% happen, he said.
Meanwhile, the overall health of the U.S. economy appears to be good. With that in mind, “the market’s decline should be viewed as a buy opportunity if nothing else,” he said.
Still, there have been questions about how long stock markets will rise before there is a major correction. Last year, the markets rose far faster than the overall U.S. economy did. And there are expectations that some growth forecasts for other nations are being rethought.