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Historically, political anxiety has not served investors well.
They mistakenly moved money out of their investments and hoarded cash.
The wealthy arent immune from political biases and fear.
But they do put systems in place to manage those biases and anxiety.
They may not be correct.
The difference is fairly minor.
Presidents and their executive orders come and go.
The economy chugs on.
That could mean simply paying a flat rate for an hour with afinancial planner or investment advisor.
If you like, you could also hire them to manage your investments for you.
The wealthy dont glue their eyes to their stock portfolios every minute of the day.
you might delegate that work to a robo-advisor instead.
Robo-advisors vary in cost, from free up to anannual asset management feeof around 0.75%.
What they cant do is talk you off the ledge if you fall prey to politically-induced panic.
For that, nothing beats a human advisor.
Rather than attempt to predict the future, the wealthy often turn to diversification.
One sector of their portfolio may suffer under a presidents policies, while another might flourish.
Diversification starts with a stock portfolio that includes both U.S. and international stocks.
Diversify further with stocks in every sector of the economy, atevery market capitalization.
Consider Real Estate and Alternatives
The wealthy dont stop at diversifying their stocks.
Again, you dont have to have a seven- or eight-figure net worth to follow suit.
A Roth account lets you pay taxes now, and never again.
A traditional account gives you the tax deduction this year.
Either way, youll save on taxes while building your nest egg for the future.
The 24/7 news cycle is addictive, but not productive.
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