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We spoke with financial experts to find out how Trumps potential financial policies might affect Americans.
Here are four waysTrump might keep your money safest as president.
Some Tax Cuts
Trumps tax policy has been a cornerstone of his economic approach.
said Ethan Pickner and Steve Kelly, investors and partners atAZ Health Insurance Brokers.
However, they caution that there could be potential longer term inflationary and adverse effects to consider.
Potentially Stimulating Domestic Production
Trumps often talks about boosting American manufacturing.
Former President Trumps universal tariffs on U.S. imports would force more domestic productivity.
It would also stimulate companies based in America, DeLuca said.
This approach could lead tomore job opportunitiesand potentially higher wages for American workers.
Cutting Business Regulations
Trumps anti-business regulation stance is another thing the experts pointed out.
Its also very well known that Trumps pro-business policies look to cut compliance and regulation costs, DeLuca said.
That in turn will help small-to-medium-sized businesses and reduce the cost of goods and services.
Potential Stock Market Growth
During Trumps first term, the stock market saw some gains.
The Dow Jones returned over 55% during former President Trumps first presidency, DeLuca explained.
This productivity showed in consumer confidence.
Economic policies can have complex and sometimes unpredictable effects.
Arnott thinks investors should focus on their long-term financial goals and tune out election-related speculation.
No matter who is president, the long-term market trajectory is almost always positive.
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