A money expert answers your questions during the coronavirus outbreak

The Detroit News

The coronavirus has dealt a financial blow to millions of Americans and left many wondering about how best to plan for an uncertain future. 

In an effort to fight misinformation out there about the economy and investing, we reached out to David Sowerby, the managing director at Ancora. Sowerby is a portfolio manager and an expert in finance strategy. 

He joined us live on Facebook to answer your questions. To be clear, his comments are not meant to serve as financial advice, simply to help us understand what is going on during these difficult times. 

Sowerby is an Investment Committee Member for the City of Detroit General Employee’s Retirement System. He also serves as Vice Chair on the Investment Committee for Beaumont Hospitals and a Director for the State of Michigan Chamber of Commerce. David previously served 10 years as Chairman on the Investment Advisory Committee for the State of Michigan’s $60B pension fund.

Sowerby earned both a Bachelor of Arts and a Master of Arts in Economics from Wayne State University and was the 2002 and 2007 recipient of Wayne State University’s Distinguished Corporate Citizen award. He holds a Chartered Financial Analyst (CFA) designation and is a FINRA registered representative.

Joining him for the Q&A was Detroit News columnist and associate business editor Daniel Howes. 

This is the third in a weekly "Ask the expert" series during the time of COVID-19. We've also spoken with a Henry Ford doctor and a UM expert on food supply and panic buying