CEDAR RAPIDS, Iowa (KCRG) – One local financial advisor is assessing the long and short term impacts of the President’s tariff announcement on the stock market.
Tory Meiborg with Savant Wealth Management says he’s getting more calls from clients who are concerned. But given what’s going on in the stock market, he says that’s to be expected.
“Anyone who invests in stocks should know that this happens from time to time, volatility of this type. And no one can see it coming, no one can predict it accurately and no one knows when it’s going to end so if you’re a buyer of stocks you should plan on holding for a longer period of time,” said Meiborg.
He says some people try to time the stock market to make money. The point is to play the long game.
“People like to think they can predict it but no one’s ever done it with any great accuracy. And so you never know if the next 6 months are going to be great or the next 6 months are going to be awful,” said Meiborg.
Meiborg says investors might just need to avoid looking at the balances on their 401(k)s for now, because this volatility isn’t worth stressing over.
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