Finance

How the global trade wars could affect personal finances of Americans


Michelle Singletary, Personal Finance Columnist, The Washington Post:

I hate to say this because the inclination is to do it, but don’t look. Just don’t.

I have not looked at my portfolio since the Trump administration announced these tariffs because the market started to slide then. When you look at the actual numbers, the natural tendency is for you to panic. And you can panic and scream, but don’t act on that. And that’s one thing.

And then, when things calm down, if they ever in the short term, you might need to revisit. Perhaps you have too much risk in your portfolio. But for many seniors, they’re going to have 10, 15, 20, even 30 years left in their retirement. And so you have to keep your eye on that, that your portfolio still needs to have growth in it so that you can buy the things that you need in your retirement years.



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