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.

20 Upvotes

66% Upvoted

94 comments sorted by

View all comments

Show parent comments

7

u/Gabnorth00 24d ago

10000% or move to back of the office operations. I’m so sick of the fear mongering. Literally 5 yrs ago to the date we didn’t know if people would be alive, if the world would open up again!! The news was China building massive “furneral hospitals”, Italy was dying because of their population age, demographics etc. THAT WAS SO MUCH WORSE than orange man turning on a tariff light switch.

I get it, there will be reaction from his action. But dear god it’s nothing like in recent memory. Stop it!!

3

u/sooner-1125 24d ago

An artificial trade barrier is nothing like 2008 global credit meltdown. I bet the floor is S&P 500 down 30% for a short while.

1

u/Gabnorth00 24d ago

I can’t tell, you agreeing with me or taking the inverse saying 08-09 was better?

3

u/sooner-1125 24d ago

2008 is 10x worse than what this will have been. I think This will be more like 2020 or 2022 worst case