LAFAYETTE, Ind. – The night of the 2016 election, stocks on Wall Street took a turn for the worse, so now that the election is over, should you expect more of the same?
One financial expert said they key word is “volatility” when thinking short term financially.
“It is unique because one of the things that’s happened in the campaign has been a focus on trade and trade deals, specifically the renegotiation of trade deals,” said Larry Belcher, dean of the business school at the University of Indianapolis.
He said until there is a rhetoric turn to policy, you should expect volatile market swings.
“If you take the long view, you say I'm not going to overreact, I'm going to wait, I'm going to see what happens to things. Particularly for retirement planning, you shouldn't be making dramatic moves for retirement accounts, at least in my opinion,” said Belcher.
The business school deal said if nothing else, a shock to the stock market is a good opportunity to review your investments, perhaps with a financial planner.
