Financial planners tell investors to hang on

(NEWS CENTER) -- Thursday's stock market plunge has left consumers jittery to say the least. But financial planners say investors should not shy away from the market.

Susan Veligor is a certified financial planners. She is telling her clients to say calm and hang on through the ups and downs of the market. She recommends hiring good financial planner who can help set up a balanced diversified portfolio, which will rebound from short term plunges. She says studies have shown the violalitility of the market won't have a negative impact in the long term.

'In a given year on average the market is down 47 percent of the time and up 53 percent of the time. You are going to have these down days but you are going to have up days.' said Veligor.

Financial planners say if you are contributing to your 401-K, make sure that your contributions go through the end of the year, in order to maximize your employer's matching contribution.

See the video online here:http://www.wcsh6.com/news/local/story.aspx?storyid=173765