Baron Financial Group’s Nicholas Scheibner was recently quoted in a CNBC.com article by Annie Nova on the topic of trade wars and its impact on investments. Here’s what Nick had to say:
Nicholas Scheibner, a certified financial planner at Baron Financial Group in Fair Lawn, New Jersey, said the trade war between China and U.S. provides a “prime example” of the benefits of low-cost index funds, which can spread out risk by allowing investors to own hundreds of companies.
“It’s very hard to predict which companies will be hit the worst,” Scheibner said.
To read the entire article, “Worried about a trade war? How to keep your investments safe”, click here.
For any other questions, please contact your Baron Team.