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Or, rather, what you shouldnt do.
Dont Panic
David B. Horne is a PwC-trained, chartered accountant and founder ofAdd then Multiply.
Dont make any major changes or new expenditure until the dust settles.
Stay focused on business as usual and dont fret about the uncertainty you cant do anything about it.
Again, the stock market may rise and fall in a year, two years or even five years.
But over time, your money is more likely to continue to grow regardless of whos in office.
If youve been making smart investments up to this point, theres no reason that should change.
Dont Liquidate
Whats next?
Dont venture to liquidate your assets.
William Veltre, executive vice president atDeerfield Agency, has advice similar to that of Horne.
Dont let your fears lose you money.
As long as you leave the money in the market, in most cases, it will grow.
As cash in your hand, it has zero potential for growth.
This reality holds and has held true for decades upon decades because its just the nature of capitalism.
When we back those companies in the market, we make money, too.
It would take much more than asimple regime changeat the presidential level to topple this way of life.
Do your retirement fund, and by extension, yourself, a favor and keep adding to it.
For the vast majority of people, the stock market is not intuitive.
Making big changes with your money because ofbig political changesis more likely to harm you than to help you.
Its essential not to act impulsively and avoid making significant changes to your investment strategies, Veltre said.
Whether love or hate the president, you want to be smart with your money.
And youre better off keeping your money in trusted investments rather than frantically moving it around.
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