Whittier Trust Company’s Stephen Smith, vice president and chief investment strategist, spoke with Maria Bartiromo of CNBC’s “Closing Bell” recently about what the current triple-digit stock market swings mean for the U.S. economy.
“Make sure your cash is not in a fund that has exposure to European banks,” Smith said on the program. “Put your money in a mini fund or treasury fund. And most of all, be patient about going in and picking bargains.”
Whittier Trust Company is an independent investment and wealth management firm with more than $8 billion under advisement, serving more than 270 families and 30 foundations throughout the U.S.