Retail investors appear to be regaining some nerve, The Washington Times reports.
After withdrawing money from stock funds in the fourth quarter of 2008 and the first quarter of this year, inflows have returned to modest levels,
“Sentiments have improved,” agreed Brian Lipps, managing of a Washington investor center for
T. Rowe spokesman Brian Lewbart noted, “People, clearly, in the second quarter were taking cash and reallocating it. We’ve started to see some movement, but there’s still a lot of money sitting on the sidelines.”
Financial planner Lew Altfest of
While Altfest and other advisers are unsure of how the market will perform over the coming months, they are emphasizing to clients that they cannot time the market and need to be invested in order to properly prepare for retirement.
Christopher McDermott, vice president of retirement and financial planning at