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THIS MASSIVE SELL OFF? WELL, BRITTANY, THE VETERAN PLANNER SAYS WHEN YOU COMBINE THE FEDERAL RESERVE’S REFUSAL TO CUT INTEREST RATES WITH FRIDAY’S WEAK JOB REPORT, YOU CAN CREATE A LEVEL OF UNCERTAINTY WHICH CAN SPUR BIG STOCK SELL OFFS LIKE THIS ONE. BUT HE FEELS NOW IS THE TIME TO BUY, NOT PANIC. WHEN FRIDAY’S JOBS REPORT SUGGESTED THE U.S. ECONOMY WAS SLOWING, IT SENT TREMORS THROUGH GLOBAL FINANCIAL SYSTEMS. THIS MORNING, THE JAPANESE MARKET SAW ITS BIGGEST PLUNGE SINCE RONALD REAGAN WAS IN THE WHITE HOUSE. JAPANESE MARKET, WHICH HAS BEEN ON A TEAR OVER REACTIVE, WHICH IS WHAT HAPPENS WHEN MARKETS GET WAY AHEAD. THEY PULL WAY BACK. THAT STARTED THE KIND OF THE CAVALCADE, THE DOW JONES DROPPED MORE THAN 1000 POINTS THIS MORNING. BUT CERTIFIED FINANCIAL PLANNER SCOTT COLE SAYS THESE KINDS OF CORRECTIONS ARE EXPECTED WHEN THE MARKET HAS BEEN CLIMBING. HE FEELS FRETTING OVER YOUR 401 K BALANCE IS FRUITLESS. IF YOU’RE SAVING FOR A RETIREMENT, WHICH MAY BE 15, 20, 25 YEARS AWAY. FRANKLY, WHATEVER IS HAPPENING TO YOUR BALANCE RIGHT NOW, IT’S IRRELEVANT. IN FACT, THE MORE THE DOW DROPS, THE MORE SHARES YOUR RETIREMENT FUNDS CAN BUY. BOOSTING YOUR NEST EGG IN THE LONG RUN, ALL OF THESE, UM, SELL OFFS ARE BUYING OPPORTUNITIES. WHAT YOU WANT TO DO IS JUST KEEP BUYING, KEEP PUTTING IT IN, COLE SAYS IT’S TOO SOON TO SUGGEST THESE RECENT SELL OFF SIGNAL A RECESSION, WITH THE DOW JONES STILL 10% HIGHER THAN AT THE END OF 2023. INVESTORS NEED TO TAKE A DEEP BREATH AND BE PATIENT. WE NEEDED THIS. FRANKLY. THE MARKET WAS GETTING A LITTLE RICH. IT WAS TIME TO KIND OF, YOU KNOW, IF EVERYBODY IS MAKING MONEY, THEN THERE’S IT’S PROBABLY IT HAS TO KIND OF WEED THAT OUT. AND SO THIS IS A NORMAL PROCESS. I DON’T THINK. AND MY PERSONAL OPINION, IT’S WAY, WAY, WAY TOO EARLY TO START PANICKING BECAUSE IN THE YEAR OF A PRESIDENTIAL ELECTION, HE SAYS THE STOCK MARKET RIDE MIGHT ONLY BECOME BUMPIER. NOW COLE SAYS, IF YOU ARE WORRIED ABOUT YOUR 401 K OR INVESTMENTS, CHECK WITH YOUR ADVISOR, HE SAID. IF YOU ARE LESS THAN A YEAR FROM RETIREMENT, IT’S NOT A BAD IDEA TO TRANSFER MONEY. YOU’LL NEED IN THE FIRST YEAR TO A SAFER FUND. BUT HE THINKS JUST LEAVE THE REST OF YOUR RETI