Money Matters: Tariffs and the Stock Market

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Money Matters: Tariffs and the Stock Market

Today on Good Morning Northland, Barry Bigelow joins Sierra Naess for another Money Matters Monday. This week, Bigelow breaks down Tariffs and how they are impacting the stock market.

With trade wars and tariffs making headlines, many are feeling uneasy about their financial futures. Financial expert Barry Bigelow explains that tariffs are taxes on imported goods used to balance unfair market practices. While tariffs can help local industries, they also cause market volatility, making investors nervous.

Barry advises perspective: “Even though the market’s down recently, you’re only about 2% down for the year.” For younger investors, dips in the market are buying opportunities, but those nearing retirement need a diversified plan to reduce anxiety during downturns.

“The three most important things in investing are education, education, education,” Barry emphasizes. He encourages people to learn more through local workshops and online resources to better navigate market shifts. Whether young or nearing retirement, the key is to stay informed and prepared.