Here’s what H. Craig Rappaport Author of “Live Long Live Rich”, writes: 

Most retail clients are holding steady but the reactions vary amongst 

different age groups. Younger investors are more apt to look at this as a 

buying opportunity learning the lessons from major sell-offs in the past. The 

older client, pre-retirement or in retirement are much more concerned. This 

group of retail investors are much more vulnerable. They are no longer working 

and therefore do not have the ability to replace lost principal with income. 

The older the retail client, the more nervous the client.