Are financial advisors just afraid of loosing clients when they advise that we should not ';sell'; these days?

You see on TV financial advisors say to ';buy low'; and that we should not panic.





Is this really sound advice for todays situation, or are they really looking out for their their own well being ?Are financial advisors just afraid of loosing clients when they advise that we should not ';sell'; these days?
No. They are telling you not to sell because that is what is wrong with the economy right now. People are panicking and don't realize that they are making it worse by withdrawing money from the banks, selling stocks, buying gas. We just need to slow down and ride this thing out. It will end a lot sooner if people just learn to be more patient and relaxed in their decision making.Are financial advisors just afraid of loosing clients when they advise that we should not ';sell'; these days?
Financial advisors are human. Like the rest of us, they do not feel comfortable admitting they are wrong. More so if doing so will affect their cash flow.






';buy low, sell high';





right now the market is low.


If you make decisions based on common sense, you will make money. If you make decisions based on irrational emotions such as fear, you will lose money.
Everything has been so oversold, it would be foolish to sell now. Most advisors would have told you to sell long ago, if they were really on top of their game. To sell now would not be recommended. September historically is the worst month of the year, and October can go either way. November is right behind Oct and things will be looking better by then. Don't give up hope.