FARGO, N.D. (Valley News Live) – Since mid-February, the Stock Market Index has dropped anywhere from 14-19%, but experts say that if you’re concerned about your money and investments, thinking about your money long-term instead of short-term is the way to go.
“We’re getting to the point where it’s going to be time to start buying again,” said Cullen Goenner, Department of Economics & Finance at UND. “If you do have some extra money, there will be some deals. I would tell you that I myself am waiting a bit longer to see how some of this plays out.”
In April, the North Dakota Legacy Fund, a source of state revenue from the finite national resources of oil and natural gas, lost $1 billion due to the stock market fallout.
“The market will ebb and flow, and it will go up and down, and really what determines the market is how we react to it,” said Jodi Smith, Interim Executive Director of the Retirement and Investment Office. “Our goal is to not be very reactionary and kind of hold fast and what are beliefs are.”
According to Smith, the Legacy Fund is expected to recover from the loss when the market stabilizes.
For the state of North Dakota, if a “Tariff War” were to take place between the US and other countries, the Wheat Industry would take a hit.
The most recent data available from the United States Trade Representative shows that North Dakota is the top exporting state of wheat.
“Our wheat production, I believe is about half of that is exported to other countries and so if farmers aren’t able to find those export markets to purchase their wheat that is going to significantly depress prices for those farms good,” said Goenner.
Copyright 2025 KVLY. All rights reserved.