What A Day Trump’s Market Meltdown… And Your Wallet
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Apr 8, 2025 Jessica Roy, a personal finance and utility columnist at the San Francisco Chronicle, dives into the chaos of the stock market and how Trump's tariffs are shaking up wallets across America. She offers practical financial advice on navigating economic uncertainty, emphasizing smart investment and purchasing decisions. Roy also discusses the psychological effects of market fluctuations, from stockpiling essentials to coping with recession fears, blending serious insights with a touch of humor to keep listeners engaged.
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Don't Panic, Stay Put
- Don't panic and don't touch your investments.
- Leave your 401k alone and avoid moving assets to cash.
Market Recovers, Trump's Focus
- The stock market historically recovers, even from major dips.
- Trump likely prioritizes a strong market, suggesting he might reverse course on tariffs.
Hold Tight, Avoid Rash Moves
- Avoid selling stocks during market downturns, as this locks in losses.
- Especially if you rely on that money, refrain from rash decisions.