FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W334754295> ?p ?o ?g. }

• W334754295 startingPage "30" @default.
• W334754295 abstract "It's 1:00 p.m. on a Tuesday afternoon and the market has dropped 300 points. Phones all over the bank are tied up with panicked mutual fund and securities investors who want to know what's going on and what the bank is doing for them. Do feel calm and in control, or do wish were better equipped to deal with this problem? Maybe think this scenario is unrealistic, because most bank mutual fund customers are in bond funds and most have a long-term investment horizon. Those in equity funds theoretically understand the risks they are taking. Yet during a crisis, people can get swept into general hysteria and forget logic. People don't always act rationally when their portfolio drops 15-20% in one day, says E.G. Trip Purcell, vice-president and manager of marketing and development at $8 billion Branch Banking and Trust, Wilson, N.C. Banks are doing a good job of disclosure, but if have a market crash, it's got nothing to do with real dollars and cents, it's an emotional response, points out Daniel D. Tierney, vice-president, sales manager, and senior private-banking officer at First of America Bank-Rockford (Ill.), an $870 million affiliate of First of America Corp. People aren't going to say, 'Oh, yes, I'm sorry, I remember, I signed a piece of paper that said this could happen.' Tierney is afraid people will call the customer service representative they deal with most, having found their investment representative's line busy, and ask the CSR questions he or she doesn't know the answer to, or give sell orders. The market may never take a nose dive. if it does, just one confused or unhappy investor could create a public relations problem, and it makes sense to try to prepare for and prevent that. The following suggestions are from people with banking and brokerage experience. 1. Put people in the right investments to begin with. If you've got a customer in the right product, when the market falls, can say to them, 'you bought this investment to produce income, and it's still doing that,' notes Purcell. Denis P. Kelleher, chairman and CEO of Wall Street Investor Services, New York, refers to what he calls a mantle of trust consumers put on their bankers, which gives banks more responsibility for their customers' investments than brokers have. In a bank program, should have better product screening, he says. (ABA has endorsed Wall Street Investor to provide investment programs for its members.) There are many principles that have been well established that people should be following, Kelleher points out. People should have enough money in the bank for six months' household expenses. Certainly at no time should they put all their eggs in one basket. 2. Before the sale, explain that the value of the investments may fluctuate and that they're not FDIC insured. Beyond the required disclosures, you have to explain the basic principles of investing, says Purcell. He warns that should keep it simple. If start talking about duration or complexities of the bond market, their eyes glaze over. Often investment professionals try to make things complicated to give themselves an aura of importance, says Kelleher. But we should be talking about very basic stuff. The first rule is to try not to lose any money and the second rule is to remember the first rule. At the first meeting with a client, Kelleher says he would point out the long-term benefits of investing. For example, he would show that if a person had invested money the day before the October '87 crash and stuck with their investments, they would be much better off than if they had sold out. Tierney at First of America believes bank-based investment reps need to teach the customer how to invest wisely. A customer might say, 'I'm not concerned about retirement because I'm going to get Social Security,' he says. …" @default.
• W334754295 created "2016-06-24" @default.
• W334754295 creator A5062623504 @default.
• W334754295 date "1993-12-01" @default.
• W334754295 modified "2023-09-26" @default.
• W334754295 title "What Will You Do When the Bear Comes" @default.
• W334754295 hasPublicationYear "1993" @default.
• W334754295 type Work @default.
• W334754295 sameAs 334754295 @default.
• W334754295 citedByCount "0" @default.
• W334754295 crossrefType "journal-article" @default.
• W334754295 hasAuthorship W334754295A5062623504 @default.
• W334754295 hasConcept C10138342 @default.
• W334754295 hasConcept C144133560 @default.
• W334754295 hasConcept C15241564 @default.
• W334754295 hasConcept C162324750 @default.
• W334754295 hasConcept C17744445 @default.
• W334754295 hasConcept C187736073 @default.
• W334754295 hasConcept C199539241 @default.
• W334754295 hasConcept C2777064782 @default.
• W334754295 hasConcept C2777189325 @default.
• W334754295 hasConcept C69738904 @default.
• W334754295 hasConceptScore W334754295C10138342 @default.
• W334754295 hasConceptScore W334754295C144133560 @default.
• W334754295 hasConceptScore W334754295C15241564 @default.
• W334754295 hasConceptScore W334754295C162324750 @default.
• W334754295 hasConceptScore W334754295C17744445 @default.
• W334754295 hasConceptScore W334754295C187736073 @default.
• W334754295 hasConceptScore W334754295C199539241 @default.
• W334754295 hasConceptScore W334754295C2777064782 @default.
• W334754295 hasConceptScore W334754295C2777189325 @default.
• W334754295 hasConceptScore W334754295C69738904 @default.
• W334754295 hasIssue "12" @default.
• W334754295 hasLocation W3347542951 @default.
• W334754295 hasOpenAccess W334754295 @default.
• W334754295 hasPrimaryLocation W3347542951 @default.
• W334754295 hasRelatedWork W174265101 @default.
• W334754295 hasRelatedWork W18809576 @default.
• W334754295 hasRelatedWork W214488906 @default.
• W334754295 hasRelatedWork W222854822 @default.
• W334754295 hasRelatedWork W238582387 @default.
• W334754295 hasRelatedWork W251577228 @default.
• W334754295 hasRelatedWork W284601506 @default.
• W334754295 hasRelatedWork W294629350 @default.
• W334754295 hasRelatedWork W299140456 @default.
• W334754295 hasRelatedWork W2992316046 @default.
• W334754295 hasRelatedWork W2992791555 @default.
• W334754295 hasRelatedWork W2993210894 @default.
• W334754295 hasRelatedWork W2993596523 @default.
• W334754295 hasRelatedWork W327257653 @default.
• W334754295 hasRelatedWork W348296099 @default.
• W334754295 hasRelatedWork W57171373 @default.
• W334754295 hasRelatedWork W58597282 @default.
• W334754295 hasRelatedWork W784119169 @default.
• W334754295 hasRelatedWork W184863318 @default.
• W334754295 hasRelatedWork W208280239 @default.
• W334754295 hasVolume "85" @default.
• W334754295 isParatext "false" @default.
• W334754295 isRetracted "false" @default.
• W334754295 magId "334754295" @default.
• W334754295 workType "article" @default.