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Office of News & Public Affairs

BC Expert: Stock Market

office of news & public affairs

Darren Kisgen
Associate Professor of Finance
Carroll School of Management
(508) 816-2234 (cell)
darren.kisgen@bc.edu

Kisgen has research interests in capital structure, mergers and acquisitions, and mutual fund performance.  His research has appeared in leading academic journals, including the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, and the Journal of Financial and Quantitative Analysis.  He has degrees in mathematics, economics and business administration. Kisgen has taught courses in corporate finance, investments, and derivatives. Previously, Kisgen spent seven years as an investment banker on Wall Street, including a position as vice president at Credit Suisse.


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8-24-15

What should investors do with the market falling today and over the last week?  

“Much of this depends on your current exposure to the market, your age, and appetite for risk. Generally however, market corrections are often good times to enter the market or at least stay the course. Many investors buy when things are great and sell when things are bad, which is often the opposite of what you should do. Investors who sold at the bottom in 2009 would have missed out on one of the great bull markets in history (stocks are up about 180% since then, including today's fall). The price of entering the market has just gotten cheaper, and the world isn’t that different from what it was a week ago. Getting the timing right on when to enter and exit is tricky though, so most investors are best off investing for the long run and doing their best to ignore short term changes in prices.”

 

Media Note: Contact information for additional Boston College faculty sources on a range of subjects is available at: /offices/pubaf/journalist/experts.html

 

Sean Hennessey
Associate Director
Office of News and Public Affairs
Boston College
sean.hennessey@bc.edu

(617) 552-3630 (office)
(617) 943-4323 (cell)