I woke up this morning to good news… I think.
If you haven’t been following U.S. and Chinese relations lately, or if understanding trade tariffs aren’t your thing, basically it comes down to this: U.S. President Trump increased tariffs on goods from most countries (especially those from China) throughout 2018. This caused many products manufactured here in the U.S. to sharply increase in price. Products like washing machines, solar panels, automobiles and even food exploded in price.
Fast forward to this weekend when U.S. and Chinese presidents, Trump and Xi Jinping, placed a temporary hold on tariffs in order to reach a trade deal.
I’m fascinated by all of this.
However, I’m also very concerned by it. After all, I have no control over the negotiations. I have no say in the outcome but I am directly affected by it.
There is risk in everything. And, as an investor, I like to limit my exposure to that risk.
When it comes to investing, especially in the Wild Wild West of the stock market, you need to have some X-ray vision. It’s impossible to know what the stock market, let alone the results of global politics, will rain down upon us everyday.
That’s why it’s important to be prepared for anything.
Think it’s impossible?
It’s not!
prepare for the unexpected,
learn how you can manage your risk regardless of any presidential decision,
Avoid The Next Crash By Managing Your RiskT