If you happen to be watching the 24-hour news cycle, you might think the world is ending. It is not. I am confident we will adapt to these possible new tariffs in time.
What is happening:
A large tariff plan has been announced, creating uncertainty in the markets. Your portfolio's fluctuation is currently within the tolerances we agreed on, even with today’s news.
It is uncertain whether these tariffs are negotiating tactics or real. The markets do not like uncertainty, which is why we are seeing the reaction today.
What we are doing:
Please know that we are monitoring the data, without the rhetoric of the news channels made for entertainment. We are maintaining a long-term focus and may adjust portfolios.
Options to consider:
Turn on a different channel – perhaps one relating to your hobby, sports, or pick out a movie. If you watched a doomsday YouTube video, your feed will most likely fill with more doomsday videos.
Search for something fun to watch or a how-to video regarding something you have always wanted to learn.
We realize this is your hard-earned money you have entrusted us with, and we are not making light of that. We will all get through this together.
What to do now:
Consider investing more if your plan allows. You would rather buy your groceries on sale, right? The same applies to investing; buy low. However, this is easier said than done.
What do Ross and Parker recommend:
As of now, we do not recommend large risk changes unless you find yourself up at night, thinking about your accounts.
Join us in committing to long-term investments and remember that this too shall pass.
The sun will come up again tomorrow, even though it may be behind some temporary clouds.
We are here to answer any questions you may have. Call anytime to discuss your plan and accounts.
With your financial future in mind,
Ross & Parker