Don’t panic: local financial advisors offer advice as markets tumble

Amidst plummeting oil prices and growing fears of coronavirus, two Prince Albert financial planners say investors have no need to panic, despite plunging stock prices.

“Eventually this is all going to blow over and it’s going to get better, but you just have to ride that wave,” Rupert Bremner, a consultant with I.G. Wealth Management told paNOW.

Bremner said he’s telling his clients to stick with their financial plans and to not make changes to their investments out of fear.

“2008 was a way worse year than what we’re seeing right now,” he explained. “People who stayed the course were rewarded for that and you have to do the same in this case too.”