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What does the Wall Street wild ride mean for your money?

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We could be in for another wild ride on Wall Street.

Tuesday the Dow finished the day down 205 points. The Nasdaq fell 19.

But those closing numbers don't tell the whole story.

Stocks surged at the opening -- at one point the Dow was up 441 points. But the rally was wiped out by a stunning sell-off in the last hour of trading. That's the biggest one day reversal since 2008.

Of course it follows several days of market turmoil.

What does it mean for your money?

John Phillips is the chief investment officer at Red Door Wealth Management.