Tim Landis of The State Journal-Register spoke with Dick Van Dyke on August 18, 2011 about the recent stock market turmoil.
Dick Van Dyke of Dick Van Dyke Financial in Springfield said he started calling clients when the market tanked early Thursday.
“Most of their portfolios are pretty well balanced, but they have positions in stocks,” said Van Dyke. “If you’re 20 or 30, this too shall pass. But if you’re 45 or 50, let’s be real, you can’t afford to risk your life savings.
Van Dyke said clients are concerned about the long-term prospects for stocks and the economy.
“They are a conservative group, and they see the underlying debt as the big problem for the economy, the federal-government debt and the world debt,” said Van Dyke. “They are kind of afraid this is the new reality and the new economy.”
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