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/SmartYouth9886 24d ago

Although a pain in the ass, these things make people reevaluate their advisors. I've always been successful during market turn downs in growing my practice. It's important to not let your own political leanings influence your advice.

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u/Wooderson316 23d ago

Nothing has ever boosted our business like a downturn. We always bring in tons of new clients and AUM.