Financial Tip: Bear markets

(WBNG) -- In this week’s Financial Tip RJ Barber of Vision’s Investment Services discusses bear markets.

“Technically a bear market is when a broad market index, such as the S&P 500, fall 20% or more from it’s recent peak,” Wealth Management Advisor RJ Barber said. “Since 1929, the S&P 500′s average bear-market decline stands at 33.5% since 1932, bear markets have occurred on average every 56 months or about every four years and eight months.”

To contact RJ and his team at Visions Investment Services, visit the website here.