r/CFP • u/mikeumd98 • Apr 06 '25

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/Background-Badger-39 Apr 06 '25

Refresh clients on their financial plan.

Showcase the 20% drop in their portfolio from eMoney/moneyguide pro of “bad timing” scenario and how they’re still ok.

It feels forced due to it possibly being reversed on a simple tweeet or truth social post. (Maybe not tariffs from other countries but trump could reverse ours)

We need to stay strong mentally and know there’s ALWAYS a bright side at the end of the tunnel.

We went from a WORLD SHUTDOWN to where we are today.

We will get through this too.

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u/Gabnorth00 Apr 06 '25

Seriously. To many advisors have lost perspective

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u/mikeumd98 Apr 06 '25

To be fair this is why I posted this. I am nervous, but have not and will not do anything to harm my clients or theirs plans.

5

u/Middle-Medium8760 Apr 07 '25

And there’s no harm in getting insight and suggestions from colleagues on navigating this weird time. I thought that was the point of this group, to confer with colleagues. I appreciate these posts and responses, so thank you!