GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
President Donald Trumps sweeping tariffs announcement caused market chaos.
Stocks plummeted and people watched their retirement savings dwindle as a result.
While the pause on most reciprocal tariffs have helped the market some, investors are still worried.
Here are four ways finance expertssuggest keeping a hold of your money.
Diversify Beyond Domestic Stocks
Having a diversified portfoliois typically recommended by experts.
Andrew Lokenauth, afinance and money expert, suggested looking to international investment opportunities.
The thing is, when Trumps tariffs hit certain sectors hard, my international holdings help balance things out.
He explained that he saw this happen with his investments last year.
Thats exactly why I dont keep all my eggs in one basket anymore, he said.
Because tariffs and market volatility go hand in hand, he said.
If your portfolio is too heavy in one area, youre taking on more risk than necessary.
Therefore,investors should consider rebalancing their portfolios.
Above all, it helps protect your retirement savings from big swings in the market, Ray said.
Add Some Defensive Stocks to Your Mix
Dont be afraid to invest in less exciting stocks.
Just because its not the latest tech idea doesnt mean it wont pay off.
These boring stocks saved my portfolio during the last tariff panic.
My utilities stayed steady while tech stocks dropped like rocks.
I keep roughly 15% to 20% in cash these days, Lokenauth said.
It seemed crazy at first letting that money sit there earning nothing.
But the money expert explained why cash can come in handy during economic shakiness.
When tariff news sent good companies into a nosedive last September, I had dry powder ready.
Grabbed some fantastic deals on solid blue-chip stocks that were suddenly on sale.
Those same stocks bounced back 25% within 60 days, Lokenauth said.
More From GOBankingRates
Share This Article:
