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So, what should you do?
These posts invoke fear and uncertainty, which can lead to panic-selling investments or halting investment contributions altogether.
By not reacting to financial speculation, you wont be tempted to sell investments or change your strategy.
Remember, the S&P 500 has averaged a10.985%return over the past 30 years.
Within this time period, there were years of double-digit losses but also double-digit gains.
Taking a long-term investment approach is a guaranteed way to make strong financial moves.
This makes it important to think long-term about your financial moves.
What financial goals do you want to accomplish in the next five, ten or twenty years?
Then, think about what you must do today to achieve those goals.
Money is a tool that can be used to better your life.
A new administration can make you feel pressured to spend your money in a certain way.
However, this can lead toexpensive money regrets.
The Bottom Line
A new administration can leave you feeling uneasy or excited.
Regardless of how you feel about a new presidency, its important to avoid makinghasty financial decisions.
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