Local expert shares tips for protecting yourself against bad investments

MILWAUKEE (CBS 58) -- Wall Street tanked yesterday with the Dow, NASDAQ and S&P closing with big drops.

When we're playing the stock market, we're supposed to buy low and sell high. But it turns out many people do exactly the opposite, which can be costly. 

Tony Drake, a finance professional from Drake and Associates, joined CBS 58 on Wednesday, Jan. 19 to explain why we make bad investment decision and how we can guard against them.