Monday morning's wildly up-and-down stock market may have spread fear among investors, but financial advisors are warning their clients not to make rash decisions.
In fact, Monday's volatility could be a buying opportunity.
"If you look at where the markets will be five to 10 years from now, they'll be significantly higher than they are today, so take advantage of it," said Chris Hardt, financial advisor at
For retirees and those close to retirement, several advisers recommended putting a little bit of money into the stock market if they can afford it since that investment could give a good return over time.
Whitman also said retirees likely bought stock with dividends, and that many companies have raised those year after year, through both good and bad times, making for a steady income stream.