ATTENTION AND PROTECT YOUR MONEY. I’M NOT TRYING TO HELP ANYBODY PANIC. THAT’S NOT THE IDEA. BUT WE ARE DEFINITELY IN A WEIRD TIME. DAVID E MARTIN SAYS THE BATTLE OVER TARIFFS COULD BE THE BEGINNING OF MANY MONTHS OF FINANCIAL TURMOIL. HE SAYS HE IS ALREADY WATCHING PEOPLE ADJUST THEIR LIVES. I DON’T BUY TOO MUCH STUFF, WHICH WE FOUND TOO. I’M A SHOPPER, BUT I CAN’T BE A SHOPPER TODAY FOR CLOTHES AND STUFF LIKE THAT BECAUSE IT’S JUST OUT OF CONTROL AND UNPREDICTABLE. SO MARTIN SAYS HE IS MOVING MONEY NOW TO PROTECT HIS CLIENT’S INVESTMENTS. AS A FINANCIAL PERSON, MY JOB IS TO SLOW DOWN LOSSES OR ELIMINATE LOSSES, AS WELL AS TO GROW. THINGS DON’T GROW ALL THE TIME. IT’S LIKE A GARDEN. THERE ARE TIMES YOU LOOK AT THE GARDEN AND YOU, YOU KNOW, YIKES, THAT LOOKS UGLY. AND THEN THERE ARE TIMES THAT THINGS START TO GROW AND THERE’S TIMES THAT YOU SHOULD BE IN CASH. MARTIN SAYS HIS ADVICE IS THAT TIME IS NOW. THERE ARE FIXED INVESTMENTS THAT INVEST IN TWO YEAR TREASURIES AND MONEY MARKET ACCOUNTS, MONEY MARKET ACCOUNTS. THE INTEREST RATE FLUCTUATES, BUT THOSE RATES ARE PAYING PRETTY HIGH. THAT’S ONE OF THE BENEFITS IS WE HAVE THE ABILITY TO GET 4% RATES WITH 2.8% INFLATION. AND ACCORDING TO MARTIN IN HIS EXPERT OPINION, THIS IS THE PLACE TO SIT FOR NOW BASED ON WHAT HE PREDICTS COULD BE AHEAD. I’VE BEEN AT THIS 43 YEARS. I STUDIED THROUGH THE 70S. THIS LOOKS EERILY SIMILAR TO THE 70S, AND THEY WERE VERY UNPLEASANT. TWO YEARS THAT COULD BE AS BAD AS IT COULD BE. WHAT’S COMING OUR WAY? MARTIN COMPARED THE TARIFFS AND THE BATTLE BETWEEN COUNTRIES TO A BAR FIGHT. HE SAYS YOU DON’T GET IN THE MIDDLE, YOU GET OUT.
Pittsburgh-area financial advisor warns of potential financial turmoil amid tariff battles
Whether it’s in the stock market or going out for a meal, many people say they are feeling the impact of higher prices, bigger losses and uncertainty.A longtime financial advisor in the Pittsburgh area told Pittsburgh’s Action News 4 Tuesday he is making moves now to protect clients’ money.”I’m not trying to help anybody panic. That’s not the idea,” David E. Martin said. “But we are definitely in a weird time.”Martin said the ongoing battle over tariffs could be the beginning of months of financial turmoil. He said he is already watching people adjust their lives.”I’m a shopper, but I can’t be a shopper today for clothes and stuff like that because it’s just out of control,” Justine Wallace of Churchill said.Martin said he is moving money now to protect his clients’ investments.”As a financial person, my job is to slow down losses or eliminate losses, as well as to grow,” Martin said. “Things don’t grow all the time. It’s like a garden. There are times you look at the garden, and you say, ‘Yikes, that looks ugly,’ and then there are times that things start to grow. And there’s times that you should be in cash.”Martin’s advice is: that time is now.”There are fixed investments that invest in two-year treasuries and money market accounts,” Martin said. “Money market accounts — the interest rate fluctuates, but those rates are paying pretty high. That’s one of the benefits is we have the ability to get 4% rates with 2.8% inflation.”According to Martin, in his expert opinion, this is the place to sit for now based on what he predicts could be ahead.”I’ve been at this for the last 43 years. I studied through the ’70s. This looks eerily similar to the ’70s, and they were a very unpleasant two years. That can be what’s coming our way,” he said.
Whether it’s in the stock market or going out for a meal, many people say they are feeling the impact of higher prices, bigger losses and uncertainty.
A longtime financial advisor in the Pittsburgh area told Pittsburgh’s Action News 4 Tuesday he is making moves now to protect clients’ money.
“I’m not trying to help anybody panic. That’s not the idea,” David E. Martin said. “But we are definitely in a weird time.”
Martin said the ongoing battle over tariffs could be the beginning of months of financial turmoil. He said he is already watching people adjust their lives.
“I’m a shopper, but I can’t be a shopper today for clothes and stuff like that because it’s just out of control,” Justine Wallace of Churchill said.
Martin said he is moving money now to protect his clients’ investments.
“As a financial person, my job is to slow down losses or eliminate losses, as well as to grow,” Martin said. “Things don’t grow all the time. It’s like a garden. There are times you look at the garden, and you say, ‘Yikes, that looks ugly,’ and then there are times that things start to grow. And there’s times that you should be in cash.”
Martin’s advice is: that time is now.
“There are fixed investments that invest in two-year treasuries and money market accounts,” Martin said. “Money market accounts — the interest rate fluctuates, but those rates are paying pretty high. That’s one of the benefits is we have the ability to get 4% rates with 2.8% inflation.”
According to Martin, in his expert opinion, this is the place to sit for now based on what he predicts could be ahead.
“I’ve been at this for the last 43 years. I studied through the ’70s. This looks eerily similar to the ’70s, and they were a very unpleasant two years. That can be what’s coming our way,” he said.
