Latest news with #MattWhite
Yahoo
24-05-2025
- Business
- Yahoo
We talked to 2 retail investors who dumped stocks in response to Trump uncertainty. They told us why they have no regrets.
While some retail investors are rushing to buy the dip, others are sitting it out. Angelo Sibilio and Matt White are increasing their cash allocations to de-risk their portfolios. Sibilio and White shared how they're feeling about the market volatility. While some retail investors are scrambling to buy the dip, "cash is king" has emerged as the mantra for some others in 2025's tumultuous market. That's the investing strategy Angelo Sibilio is adopting amid current market conditions. The 35-year-old quantitative analyst felt uneasy about President Donald Trump's tariff rhetoric after Inauguration Day and decided to derisk accordingly, moving half of his portfolio to Treasurys and cash on April 4 — two days after Trump announced his "Liberation Day" tariffs, which sent the S&P 500 tumbling about 12% in the span of a week. "I can't cash out my 401(k), so I went with a Treasury index," Sibilio said. "In my other accounts, I put half of my money into a money market fund." Since then, the market has recovered its losses. But Sibilio doesn't feel like he's missed out on much. "Not having to go through a couple of weeks where everything was going to hell gave me more peace of mind," Sibilio said. "I missed a little bit of upside, but that's not the end of the world for a long-term investment." Matt White, a 33-year-old epidemiologist, also doesn't like the market's Trump-induced volatility and has increased his allocation to cash. "I've never done this before, but I actually sold around $30,000 about 30 minutes before Trump started his Liberation Day speech," White told BI. "It was in my Roth IRA because I didn't want to create a taxable event, and I put it in the money market." In addition to tariff volatility, White feels that many parts of the market, especially in the tech sector, are still quite overvalued, so he's content to keep a higher allocation to cash than usual. "I still expect the market to drop," White said. "I think we're at a very irrational stage right now." Sibilio and White didn't feel like they panic sold. They're not scrambling to buy the dip either. They see the move to cash as a way to de-risk their portfolios in the face of elevated volatility from the trade war. For some who are uncomfortable with the uncertainty in the market, reducing risk by holding more cash might not be a bad idea, as it creates a buffer if large market pullbacks occur. With the Federal Reserve holding off on cutting rates, investors can receive over 4% on money market funds and 10-year Treasury bonds. Increased cash levels also give investors dry powder should they wish to take advantage of a sell-off. However, this defensive approach should really only be used by those with a shorter investing timeline. If you're planning not to touch your money for decades still, experts tend to warn investors against cashing out and say to stay invested instead. Getting out of the market during a drawdown can lead to missing out on the rebound and locking in losses. Markets can be volatile in the short term, and patience is key for successful investing, as the S&P 500 has typically returned 10% on an annualized basis over the last 50 years. The most important thing is to contribute to your portfolio on a regular basis through dollar-cost averaging, according to Ashley Weeks, wealth strategist at TD Wealth. Investors with different risk profiles might consider holding more cash — for example, if you're planning to make a big purchase such as a house in the next couple of years — but otherwise Weeks recommends his clients avoid withdrawing from their portfolios during times of volatility. White acknowledges this, but the volatility he's seeing feels unprecedented. Besides, he's only cashed out some of his Roth IRA and left his other tax-advantaged accounts alone. "It's always going to be better to have ownership in the market than carry cash, but I'm being more cognizant of the risk levels in the market," he said. White and Sibilio's de-risking points to something bigger than just tariff headlines — they're also feeling distrustful of the fast-changing narratives coming from Wall Street. Sibilio anticipates hedging his portfolio with a half-cash allocation indefinitely. Recent trade negotiations, while certainly a positive signal, aren't enough to convince him that it's a safe time to fully buy back in. "I'm not necessarily looking for a certain price level to buy back in. I'm looking, first of all, for more certainty in the policy, and also business and consumer sentiment," Sibilio said. "The big investment banks now say they're no longer projecting a recession, but they're reversing a position they took just a few weeks ago. You're not going to come in and out of a recession because of just one decision," he continued, referencing the recent trade deal with China. Indeed, upon the announcement of a US-China trade deal, Goldman Sachs lowered its 12-month recession forecast from 45% to 35%. Similarly, JPMorgan lowered its recession risk from 60% to below 50% last week. White sees an increased cash position as a way to minimize the impact of potential downturns caused by the trade war. "Right now, this is a very high-risk environment, and it's not a bet I want to be a part of, so I'm going to have some cash on the side," White said. Read the original article on Business Insider
Yahoo
07-04-2025
- Yahoo
Local university student, father released from burn center after plane crash
A Cedarville University student and his father, who were injured in a fiery plane crash in Pennsylvania in early March, have been released from the burn unit. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks] Judah White and his father, Matt White, were both released from Lehigh Valley Hospital's burn unit, according to a Cedarville University spokesperson. TRENDING STORIES: The Masters weather: Practice round suspended, grounds evacuated Many detained, arrested after large brawl at local high school Police looking for woman accused of shoplifting, assaulting officer News Center 7 previously reported that Judah White was traveling to Springfield on March 9 when the plane piloted by his father crashed in Manheim Township, Pennsylvania. The plane was supposed to land at Springfield Beckley Municipal Airport, but it crashed in a retirement community parking lot shortly after taking off, according to flight records. White and his father were both in critical condition after the crash, but their conditions have steadily improved. The crash is under investigation by the Federal Aviation Administration and the National Transportation Safety Board. [SIGN UP: WHIO-TV Daily Headlines Newsletter]
Yahoo
01-04-2025
- Yahoo
Cedarville University student, father in ‘good' condition after fiery Pennsylvania plane crash
A Cedarville University student and his father, who were injured in a fiery plane crash in Pennsylvania in early March, are now in 'good' condition. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks] Judah White and his father, Matt White, were both listed in 'good' condition, a spokesperson from Lehigh Valley Health Network confirmed to CBS affiliate WHP-TV in Harrisburg, PA. TRENDING STORIES: Upscale Italian steakhouse to open in downtown Dayton Bondi instructs federal prosecutors to seek death penalty for Luigi Mangione 60-ton crane worth over $500K stolen from construction site, sheriff says News Center 7 previously reported that Judah White was traveling to Springfield on March 9 when the plane piloted by his father crashed in Manheim Township, Pennsylvania. The plane was supposed to land at Springfield Beckley Municipal Airport, but it crashed in a retirement community parking lot shortly after taking off, according to flight records. White and his father were both in critical condition after the crash, but have now stabilized and are listed as being in 'good' condition, WHP-TV reported. The crash is under investigation by the Federal Aviation Administration and National Transportation Safety Board. [SIGN UP: WHIO-TV Daily Headlines Newsletter]
Yahoo
29-03-2025
- General
- Yahoo
Savannah Tree Foundation partners with Kroger to give away free trees
SAVANNAH, Ga. (WSAV) — People lined up Saturday morning at the Kroger on Mall Blvd. in Savannah to do their part for the environment. The Savannah Tree Foundation, in partnership with Kroger and the Arbor Day Foundation, gave away 500 free trees, including 13 native species like Ann Magnolia, Jane Magnolia, Live Oak, Summer Red Maple, Eastern Redbud, Nuttall Oak, Long Leaf Pine, Bald Cypress, Swamp Chestnut Oak, White Oak, Shumard Oak, Overcup Oak and Fig. 'At Kroger, our purpose is to feed the human spirit. This event is also a testament to our Zero Hunger | Zero Waste initiative. Every day when we open our doors, we are looking for ways to uplift our customers and fulfill our commitment to build a more sustainable future.' said Tammie Young-Ennaemba, corporate affairs manager for Kroger's Atlanta Division. 'We are very excited to partner with these organizations for this year's Spring Tree Giveaway. We know that when someone picks up and plants a tree, it will foster a smile and a healthier environment for generations to come.' Savannah Tree Foundation's 3rd Annual Green Gala Matt White, the operations manager for the Savannah Tree Foundation, agrees. He says this giveaway is about more than just free trees. 'As our older canopy ages out, it's important to plant and get that next generation of trees growing. This is the perfect way to create awareness.' 'In a changing world, trees are a crucial part of creating sustainable and resilient cities. That's why it's so important for business leaders to be bold enough to meet this moment with trees and action,' said Dan Morrow, Vice President of Programs & Partnerships at the Arbor Day Foundation. 'These community trees will provide meaningful, lasting impact and we are grateful Kroger is bold enough to believe a better world is possible through trees.' Young-Ennaemba was happy to see such a big turnout. 'Our very first couple was here waiting patiently at 7:00 this morning. We weren't scheduled to give away any trees until 9:00 a.m. The line just grew and grew!' One woman told WSAV News 3 she planned to give one of her trees to her mother. The 500 trees were distributed on a first come, first serve basis. There was a limit of up to 2 trees per household. Each year the Savannah Tree Foundation does 2 tree giveaways, one in the spring and another in the fall. They are considering doing more throughout the year. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
11-03-2025
- General
- Yahoo
Pilot from Pennsylvania plane crash identified as executive board member of local aviation company
LANCASTER COUNTY, Pa. (WHTM) — The pilot of the plane that crashed into a parking lot in a retirement community in Lancaster County Sunday was a member of Venture Jets. Private Pilot Matt White is an executive board member of Venture Jets, as well as a long-time aviation advocate, a company spokesperson wrote in a statement. White was piloting a Beechcraft Bonanza, a privately owned plane, carrying four other passengers, that was being used for personal family travel, the spokesperson wrote. There were no Venture Jet employees aboard the flight. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now 'Venture Jets is a private aircraft charter and aviation services company founded in 1994 and based at the Lancaster Airport (LNS), in the heart of Pennsylvania,' according to its website. 'With a management team possessing over 30 years of experience in the field, we back every decision with a wealth of knowledge and a strong desire to surpass industry standards.' White is a long-time aviation advocate, and also an Executive Board Member of Venture Jets, the spokesperson wrote. There were no fatalities from the crash. The five people on board were taken to the hospital, and three were later transferred to Lehigh Valley Health Network's burn center. The Federal Aviation Administration along with the National Transportation Safety Board are investigating the crash, which could take up to a year to complete. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
