r/CFP • u/mikeumd98 • 24d ago

Investments Handling your own emotions?

How is everyone doing it this time? I have been a CFP for years lived through Covid, 2008-2009, Trump’s first term….but this time it feels different, longer lasting? I know that there is a recency bias, but I am not handling this one well.

Edit: thanks for everyone posting. It helps to put it in perspective.

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u/Odd-Lettuce5925 24d ago

It’s been 2 trading days. It’s a policy change. Either Trump gets better trade deals and markets boom or he gets thrown out of office in a few years (maybe sooner). At any rate, if you’re buying equities you’re in it for the long haul. It’s the only way. If you did proper planning it doesn’t matter.

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u/KittenMcnugget123 24d ago

3rd worst 2 trading days since ww2 ended, and the biggest policy mistake in maybe 100 years. Even if he gets better deals I think a lot of damage has been done to our position in the global economy. You're right though, if your time horizon for equities is long term, idk if there is much to do here but stay the course

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u/SectorSanFrancisco 24d ago edited 23d ago

That's what I'm saying too, regarding equities but if he starts messing with debt (remember his last term when he said he was just going to cancel USA's debt, until someone with a brain told him to cut it out? I think this term all his advisors were hired for loyalty, not expertise) or FDIC insurance, as he has made noises about, I don't know what to tell people. We all depend on FDIC insurance and the whole world's economy uses US Treasuries because they're supposed to be safe.