Stock Futures Plunge as Donald Trump Posts Surprising Win
Trumped! Dow Tumbles 254 Points on Trump Victory, Republican Sweep
Wall Street to open sharply lower in wake of U.S. election
U.S. stocks crumble on Trump's upset victory
Dow surges to near-record highs following election of Trump
Stocks Surge After Trump Victory
Wall Street surges after Trump wins White House
Again, those are just today’s headlines. Depending on which time of day you hopped online to see the latest financial headline you might draw the conclusion that the end of the world is near (“DOW tumbles”) or it’s not as bad as it seems (“DOW surges”).
It’s important to remember to keep your eye on the long-term movement of your retirement portfolio - the long-term movement remains to be seen based on today’s election results – but historically the long-term movement has had only one direction…UP! And I fully expect that direction to continue over the coming years.
For those of you with heavy stock market exposure we’ve determined your time horizon is long enough to support it, and today’s wild movements have very little bearing on the long-term performance of your portfolio. For those of you with a shorter time horizon we’ve determined your stock exposure should be limited and the bulk of your retirement savings is to be invested in capital preserving investment grade bonds, therefore you are already positioned in a portfolio that can absorb drastic movements in the stock markets.
In short, rest easy and love or hate your new President!