Posted AT 4:05 PM EST on 08/10/08
Nervous investors bombard advisers
Investment advisers are being bombarded with questions from panicked clients, as each passing day makes it more difficult for the average investor to understand what's happening to their money.
“You have all these retail investors who just want to get out of the market,” said Andrew Pyle, a Peterborough, Ont.-based wealth adviser for Scotia McLeod. “They look at what's happening, and they see bailouts that aren't working, nothing seems to help.
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