The election of President Trump inspired some investors to change their financial strategy. By Michelle Singletary Michelle Singletary Personal finance columnist Email Bio Follow Columnist May 16 at 7:29 AM The conventional wisdom for investors with a long-term horizon is to hold steady when current news rocks the stock market.
Yet it’s hard for people near retirement or those who have already retired to overcome their fear that we’re headed for another major downturn. The couple said it’s Trump’s unpredictability, not the volatility of the stock market, that has led them to change their investment strategy. “When Trump was elected, my investment strategy immediately changed," wrote Andy from Vaughn, Wash. "I moved a significant part of my investments to cash. I am within 10 years of retirement and cannot afford a roller coaster, either financially or gastronomically. Disruption does not fit my investment strategy, so I am mostly out of the market. I like to invest in companies and funds I understand and believe in.
Glenn Castiglione of Columbus, Ohio wrote, “I’m a 64-year-old disabled retiree. Most of my life I have generally adhered to a risk strategy of moderately aggressive and stay the course. I have been traditionally on a risk scale of 4 out of 5. This generally means 65 percent in equities and 35 percent in fixed income. [Last week], I switched to a number 2 level of risk, which in my case equates to 65 percent in fixed income and 35 percent in equities.
If you live 20, 30 or even 40 years after retiring from working, the money you’ve invested has to grow so that you can keep pace with the costs of goods and services.
I mean who could have possibly known that Deadbeat Donnie would be bad for business?
How dare they.. he is a genius. He said so.
Yes people have to worried,he act and then maybe think 🤔
Only if the lunatic Democrats take over.
THE WASHINGTON PIMP I MEAN POST, INVESTORS FEAR COME AS A RESULT OF THE POLICES OF THE DEMOCRATS WHICH INCLUDES SOCIALISM.
Who wouldn't hes a luney tunes on the loose. He has zero intelligence and totally disturbed mentally. He should resign.
'Investing': Renting slaves and stealing the fruits of their labors.
Have you seen the market since he won? 🙄
What did people expect? They voted for an unsuccessful grifter and conman in the misguided hope that he would apply good business practices to government. He doesn’t know any good business practice. If he did, his businesses would flourish and he wouldn’t have to hide his taxes.
There’s everything to fear in the ignorance of Trump Without a doubt America’s global & economic influence will be significantly diminished by the end of Trump adm. More Americans are poorer & without health care! Even The mightiest & wealthiest empires fell! Beware America!
美国的岁月静好族。哪个国家都有,而且占绝大多数。所以,美国佬要等到珍珠港受攻击才会参战,中国人也等到连草都没得吃才会起来反抗。人性都一样,没有什么高下之别。
FakeNews LIES its all they have left
AKA JUGGERNAUT DON THE KON
'I have no intention of revenge or backwardness, we are moving forward not thinking about the past but looking forward to the future. Trump
Especially if the Chinese decide to stop buying T-bills.
Seriously? Investors love Trump like Kanye loves Kanye.
And he thinks he is a great businessman. Gone broke twice, no idea of global trade, no idea about central banks, no idea how to negotiate just bully. What's great about that lot?
Trump 2020
As well they should ... I have to wonder how many of them put their trust in him with their vote ... to the ones that did ... no compassion from me
My service animals were taken illegally by the govt of the us virgin islands because of my 7district court complaints of ADA discrimination. they are retalating against me because the us dept of education found them guilty in June 2018
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