Its up! Dow Jones is up 200 points from opening, 100+ pts. this
month #Trump #finance #stockmarket
#election #Crm2plus #FA
TSX is up 100 points.
The market meltdown that was reported to be about to happen in the media,
has been averted!
This is the best example we’ve seen in a while for using a
professional Financial Advisor. The calming
and steadying influence is important.
The media is not the best source of financial advice. The media loves sensation, excitement,
change, volatility. The economy loves
certainty. Good news or bad, the economy
just needs to know what’s coming and “hold
the wheel ,steady as she goes”.
As an average investor, I find it extremely difficult to
shut out the media and ignore what everyone is telling me (everyone except my
FA). If I had believed the media, the
logical thing to do would have been to sell everything and move to a cabin in
the mountains. Today, however, the
market is up. Acting on instinct, panicking,
would have created some significant losses.
The steadying influence of an FA averted this.
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| this is how I felt last week, thinking about this stuff... with thanks to the Phom Tamao Wildlife Rescue Center |
