Record stock gains making many feel better about their future - WSLS 10 NBC in Roanoke/Lynchburg Va

Record stock gains making many feel better about their future

Posted: Updated:
ROANOKE, VA -

Record gains for the stock market are making some people feel better about their financial futures.

Marvin Harris has been retired for ten years and explains, "I'm like everybody else. I'm just hoping it will continue going up and hopefully it won't go down like it did five years ago."

Josh Mattox works for Morgan Stanley. He manages Marvin's retirement savings and knows what the Dow does from day to day is important to his clients.

He says, "The worst thing when the market goes down beyond the fact that your statement is worth a lot less but it is emotional it is draining on people

Harris says, "I lost probably 40 percent of my investments 5 years ago or whatever."

But because he kept his investments and waited the market out, he is in good shape. That's not the case for everyone.

Mattox points out, "If you participated on the way down and lost 40%, but you didn't participate on the way back up, that could be a life changing event in your savings. You missed from 8,000 to 14,000."

Before you start investing, get your savings in order. It is best to have 3-6 months worth of savings put away for emergencies before you start investing.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Henry County Suspicious Activity

    Henry County Suspicious Activity

    Saturday, April 19 2014 10:07 PM EDT2014-04-20 02:07:16 GMT
    Press Release from the Henry County Sheriff's OfficeThe Henry County Sheriff’s Office received a call on April 18, 2014 regarding suspicious activity. Three white males driving a white pickup truck were seen in the area of Glen Court in the Ridgeway area of Henry County. The individuals walked to the back of a residence but a neighbor yelled at them and they left. Entry into the home was not gained. On April 19, 2014, three white males were seen on Andra Drive, also in Ridgeway. A male subjec...
    Press Release from the Henry County Sheriff's OfficeThe Henry County Sheriff’s Office received a call on April 18, 2014 regarding suspicious activity. Three white males driving a white pickup truck were seen in the area of Glen Court in the Ridgeway area of Henry County. The individuals walked to the back of a residence but a neighbor yelled at them and they left. Entry into the home was not gained. On April 19, 2014, three white males were seen on Andra Drive, also in Ridgeway. A male subjec...
  • Radford Police Report Attempted Abduction

    Radford Police Report Attempted Abduction

    Saturday, April 19 2014 9:43 PM EDT2014-04-20 01:43:40 GMT
    Radford City Police responded to an attempted abduction on the 700 block of 12th St. in the West end of Radford. Police say a parent reported it around 6 Saturday evening, Saying 3 children between the ages of 7 and 8 years old said 2 males inside a compact car offered them money to get into the vehicle. Police believe it is an older model red and black Mitsubishi Eclipse or Camaro with a spoiler on the back. The bottom of the vehicle is believed to be red with a black hood and black on the s...
    Radford City Police responded to an attempted abduction on the 700 block of 12th St. in the West end of Radford. Police say a parent reported it around 6 Saturday evening, Saying 3 children between the ages of 7 and 8 years old said 2 males inside a compact car offered them money to get into the vehicle. Police believe it is an older model red and black Mitsubishi Eclipse or Camaro with a spoiler on the back. The bottom of the vehicle is believed to be red with a black hood and black on the s...
  • April Mugshots

    April Mugshots

    Tuesday, April 15 2014 11:48 AM EDT2014-04-15 15:48:25 GMT
    James SiebenthalJames Siebenthal
    The following are mugshots and charges of individuals arrested between April 1-4 by the Sullivan County Sheriff's Office.
    The following are mugshots and charges of individuals arrested between April 1-4 by the Sullivan County Sheriff's Office.
Powered by WorldNow

WSLS 10, P.O. Box 10
Roanoke, VA 24022-0010

Telephone: 540.981.9110
Fax: 540.343.3157
Email: news@wsls.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.