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Market tumble impacts savings, experts recommend long-view

Posted at 5:47 PM, Mar 09, 2020
and last updated 2020-03-09 19:47:45-04

The worst stock market tumble in years hit just about everyone’s 401-K and IRA accounts, but experts say it’s not time to make big decisions on selling stocks.

“All the purchases that take place when the market's down like this are purchasing shares at a lower price, so when the market moves higher then those are all purchases which are at a price lower than it will be in the future,” said Gary Gygi, President of Gygi Capital Management.

Here’s a look at how some stocks with Utah ties faired compared to the Dow’s 7.79% decline:

EXTRA SPACE STORAGE: -4.38%

HENKAL: -5.67%

USANA: -5.92%

EDWARDS LIFESCIENCES: -6.12%

DELTA AIRLINES: -6.43%

NUSKIN: -7.15%

DOW: -7.79%

HUNTSMAN CHEMICAL: -8.76

RIO TINTO: -8.26%

ZIONS BANK: -10.71%

CENTURY LINK: -14.29%

OVERSTOCK: -16.05%