WILLIAMSVILLE, N.Y. — The bell rang in a record breaking day on Wall Street. The DOW hitting an all time high. What's fueling the summer surge?
"The economy is doing better. There's been mews from the Federal Reserve that they're probably going to be lowering interest rates, and that's considered to be better for companies," Jeff Hahn, a financial adviser, said.
Dow just hit 27,000 for first time EVER!— Donald J. Trump (@realDonaldTrump) July 11, 2019
The price of you're stocks has gone up.
"The value of your investments has increased," said Hahn.
If you have stocks, you have a choice to make: either sell your stocks and take a gain or hold onto your stocks. Hahn's advice is to stay put.
"You definitely want to be holding on, and if you can and you have the system set up, continue to invest in the markets," Hahn said.
Today is a good day for investors but what if you're not, and you don't have much money to spare?
"You know people think it's daunting and hard to do and all the rest of that, but it's not. It's just a little paperwork and you can start with a small amount of money," Hahn said.
He said the most important thing is to just get started with any extra money you may have.
"Start with a small amount and build it up over time. That is the most effective way for normal people to build a substantial amount of wealth," said Hahn.
There's one thing Hahn said not to do.
"If you're going to put a plop of a big amount of money into the market, I wouldn't do that today. Invest that money over time," said Hahn.