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Local investors give advice during stock market drop

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GRAND FORKS, ND (WDAZ)--Some are calling today the scariest day on Wall Street in years -- as local people worry about their retirement accounts.

The Dow plunged more than 11-hundred points on Monday, as the Dow had its worst closing point decline on record.

Local investors say they have already lost thousands of dollars in Friday's drop.

Financial planners say you should hold off on making any major decisions about your 401K.

“Keep your money spread out among different types of investments and try not to make any big changes to that over time,” said Derrick Johnson, of Johnson Wealth Management.

Financial planners say the economy is likely to grow in the next decade -- causing your investments to multiply.