Local financial advisor encourages people not to panic over the stock market

WARWICK, R.I. (WLNE) — For those worried about the stock market crash following President Trump’s tariff announcement, a local financial advisor is encouraging people not to panic.

“It’s completely normal to be concerned,” Massey and Associates Certified Planning Professional Jeffrey Massey said.

On April 2, the Trump Administration’s ‘Liberation Day’ tariff plan was announced.

For many, questions and concerns have grown, with the stock market in the red since.

“This happens on a fairly regular basis,” Massey said. “On average, once a year we get at least a 10% correction, and usually they get themselves out of that within three to four months.”

He said many of his own clients have concerns about their investments.

“This is what we call an external influence on the market,” Massey added. “It’s legislative change. The tariffs can impact inflation so people are concerned and rightly so for the short-term.”

Massey said the idea here is to think about your money in the long-term, not what your statement says today.

“This is going to be a really good buying opportunity,” he said. “For the people still contributing,  volatility works to their benefit over the long term because if they’re putting money into their 401k plan they will buy more shares as the market comes down, so when the market hits the bottom and recovers they have more shares in their account to recover with.”

As for when this could all come to an end, Massey said there is no real answer to that, and there never will be.