Financial consultants are offering different advice to worried investors of different ages.

They say young investors may actually want to buy stocks right now, despite the fear engulfing much of Wall Street.

"It's probably an excellent time to add," says Douglas Roth, of the Teaneck-based Financial Network.

According to Roth, history shows stocks are the best place to keep money over the long run and are the best protection against inflation. Older people nearing retirement should take fewer risks and be less aggressive right now, however.

Older, panicky investors should remember they could face severe penalties for pulling their money out.

Roth offers the same bottom line for everyone - invest in funds growing faster than inflation, but don't be too risky.

"You have to keep a good position in the fixed income for safety - that's your foundation. Have your growth investments well diversified," he says.