I have fielded many questions over the last three weeks regarding the new administration and what impact this change may have on a person’s financial plan and investment accounts. First, let me begin by saying that news programs, whatever they may be, should have little to do with your long-term financial plan. The stock market is an individual entity that reacts differently according to financial criteria. Seldom can one predict the reaction of the market to public information that is spread via biased news outlets. If the market responded accordingly during the Trump administration and the multitude of negative news stories, one would think the market and the economy would have been dismal the last four years. The fact is, the economy and market set many new positive records in various areas during those four years of the Trump presidency. Now we have a new President and new administration. People have legitimate causes for concern, but I want to stress to you that we should not be reactionary in our planning and stewardship. A good steward will follow the guidance established by a proper risk tolerance questionnaire and seek the advice of a trilogy of professionals such as an investment advisor, CPA, and attorney in accordance with their needs. The advice provided by these professionals should be void of emotion and founded in research of your specific situation.
If you need assistance in establishing a God honoring financial plan, please request a consultation with our office. You can reach us at 888-226-7614 or you can schedule a consultation online at www.kingdomplanadvisory.com
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