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310 K Street
Suite 405
Anchorage, AK 99501
FRESNO
7055 N Maple Ave
Suite 108
Fresno, CA 93720
QUAD CITIES
1615 Fifth Avenue
Moline, Illinois 61265
IOWA CITY
136 S Dubuque St,
Iowa City, IA 52240
CHICAGO
303 West Erie Street
Suite 311
Chicago, IL 60654
NEW ORLEANS
1521 Washington Ave.
Suite B
New Orleans, LA 70115
TWIN CITIES
800 N Washington Ave.
Suite 701
Minneapolis, MN 55401
ALASKA
310 K Street
Suite 405
Anchorage, AK 99501
CHICAGO
303 West Erie Street
Suite 311
Chicago, IL 60654
FRESNO
7055 N Maple Ave
Suite 108
Fresno, CA 93720
NEW ORLEANS
1521 Washington Ave.
Suite B
New Orleans, LA 70115
QUAD CITIES
1615 Fifth Avenue
Moline, Illinois 61265
TWIN CITIES
800 N Washington Ave.
Suite 701
Minneapolis, MN 55401
IOWA CITY
136 S Dubuque St,
Iowa City, IA 52240
The Planning Center © 2024
About last night…
So, last night happened, and we elected a new president. Other things to note:
– Volatility is soaring as measured by the VIX volatility index
– The dollar is falling vs foreign currencies
– Futures on the major US Indexes are down substantially.
Those things are all scary. I know how uncomfortable you are feeling right now. Chances are if you open your investment portfolios today you’ll see a smaller number than you did yesterday. That’s to be expected in a time like this. It’s worth noting that initial market reactions don’t generally predict long-term results.
If you look around your personal world, it’s also likely that not much is different today than it was yesterday. Your family, home, and community are the same as yesterday.
Try not to let the actions of the last 24 hours overshadow the truth that your life is probably still pretty great.
It’s useful to remember that the US Economy has survived a massive amount of change and upheaval over the past 70 years and beyond.
Remember that you’re investing for the next 20-30 years or more, not just the next week. That’s true even if you are retired or within a few years of retirement.
Focus on what you can control. Your spending decisions have just as much of an impact on your financial future as your investing decisions.
I’m confident that we’ll all get through this, though it may take a while to get to the new ‘normal’.
Things are going to be volatile and uncertain for a while, but I do believe that ultimately things will be OK.
If you have questions, please call us. (504) 717-4862. We’ll be here to talk.
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