Now that Donald Trump has been elected president, many individual investors are wondering what that means for their money.
The markets rallied last week on news of Trump’s win, with the Dow Jones Industrial Average climbing past 44,000 for the first time on Friday.
Yet, when it comes to long-term performance of the markets and policies that Trump proposed on the campaign trail, financial advisors say it’s best to take a wait-and-see approach before making any big money decisions.
“If clients have a financial plan, have a long-term strategy that meets their goals, our best advice is to stay with that plan and strategy,” said Jude Boudreaux, a certified financial planner who is a partner with The Planning Center in New Orleans.
