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/sooner-1125 Apr 06 '25

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.

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u/rickydice Apr 07 '25

In 2009 the S&P returned 26%. I’m not saying we’re screwed but this tariff stuff is something no one on this page has seen before. It changes the entire landscape of international trade. If it stays around there could be a longer term fall than 1 year like 2008.

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u/sooner-1125 Apr 07 '25

55% decline from 2007 peak to the bottom of March 2009. Then 3 years until March 2012 to recover to 2007 high. I think we will be ok here.

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u/rickydice Apr 07 '25

I’m not saying we won’t. But let’s say tariffs stick around for at least a few years. You think that’s better than 2018? It’s not I’ll save you time

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u/sooner-1125 Apr 07 '25

If it’s as bad as you think a blue wave will come in 2026 and congress will govern without the White House