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4 Reasons Why You Shouldn't Check your 401(k) Balance as Trump's Tariffs Take Effect

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Market volatility can be unsettling, especially during a time of government transition. President Donald Trump informed the American people that as a part of making America great again, he
The article from MSN Money discusses four reasons why individuals should not check their 401(k) balance in response to President Trump's tariffs taking effect. Firstly, it highlights that market reactions to tariffs are often short-term and volatile, suggesting that checking your balance during such times might lead to unnecessary stress or panic selling. Secondly, it points out that a 401(k) is a long-term investment vehicle, and short-term fluctuations should not dictate long-term investment strategies. Thirdly, the article advises against making emotional investment decisions based on immediate market reactions, as these can lead to poor financial choices. Lastly, it emphasizes the importance of maintaining a diversified portfolio, which can mitigate the impact of any single economic policy like tariffs. The overarching message is to stay the course with your retirement investments despite economic policy changes, as these are typically designed to weather various economic conditions over time.

Read the Full GOBankingRates Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/4-reasons-why-you-shouldn-t-check-your-401-k-balance-as-trump-s-tariffs-take-effect/ar-AA1BQeJs ]