Stock Market Drop Leaving Some To Question Their Financial Future–Here’s What You Need To Know

CHARLOTTE, NC.–  Amazon stock fell 5% Monday after President Trump tweeted about how the post office is losing a fortune on the online retailer. The losses wiped out more than $36 billion of Amazon’s market value. Many people are questioning their own financial future.

Experts say there are a few reasons for the plunge on Wall Street — including the fact that it’s the day after Easter.

Economist Dr. Jeffrey Roach says even with the drop, it’s too early to predict what will happen in the long-term.

“Because of the fact that we’re coming off of a very decent move in the past 12 months where growth has been consistent,” says Dr. Roach.

When it comes to your portfolio, Dr. Roach says whether you’re a millennial or a few years from retirement, this isn’t something to lose sleep over.

“If you look at the longer haul, say investors that are still 15 years out of retirement, or even ten years off for retirement, a 2% a day is nothing to be concern themselves with.”

Dr. Roach has some advice for  young people– diversifying where you invest your money can lessen the blow when the market falls, and putting a little aside everyday, can go a long way.