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Wall Street: Caruso On What’s Going On & Investor Advice

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(Photo credit STAN HONDA/AFP/Getty Images)

(Photo credit STAN HONDA/AFP/Getty Images)

BOSTON (CBS) -A day after the steepest single-day decline this year, the stock market rebounded.   Many investors are uncertain about what to do with their money.

President and CEO of Coastal Capital Group, Dave Caruso says there’s no need to panic.

Dave Caruso talks with WBZ-TV’s Jonathan Elias about the market’s reaction to Friday’s S&P downgrade.

Dave Caruso talks with WBZ-TV’s Lisa Hughes about what investors should do to protect their portfolio.

WBZ-TV’s Jonathan Elias reports

Caruso says he expects the market to see declines over the next few months.

But, he says, pulling all of your money out could be your worst move as an investor.  The market will eventually turn around and trying to time it almost never works.

Caruso says above all, whether it’s aggressive or conservative, investors need to have a plan.

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