BELTON, Texas (KWTX) With the coronavirus leaving a heavy impact on wall street in the last few weeks, many local investors are wondering what comes next.
"The coronavirus could have an impact over the next few quarters," says Matt Gunter, a financial adviser from Belton.
"People are more fearful and not necessarily going out and shopping like they normally would."
Gunter says despite the concerns and alarming numbers, the virus shouldn't scare investors for the future.
"All the information we have right now does not indicate that it will be an impact on the market over the next year or two," he said.
Gunter also says that with many stocks decreasing in value over the past few weeks, some investors in Central Texas are buying in the market.
"As long as there isn't a fundamental shift in the economy, situations like this could actually be an opportunity if it's right for them in their current situation," he said.
Back in 2009, the swine flu epidemic saw minor declines in the stock market. While the lasting impact of the cornavirus is still uncertain, Gunter says history is on the side of investors. He also noted there's still no guarantee that things couldn't get worse for investors in Central Texas.
"At the end of the day, nobody really knows because there's still no consensus on what this thing really looks like."
Gunter advises investors to continue keeping an eye on the market and seek professional guidance.