Wow! Donald Trump will be the 45th President of The United States. The polls were wrong. The political pundits were wrong. And I was wrong as well. We’re now going to experience a hammering in all stock markets around the world due to policy uncertainty. Hopefully the sell-off is very temporary like Brexit’s. The only thing I was right about was aggressively saving cash all year and
nibbling on some bonds. I’ve been waiting to build a large bond portfolio for a while and am surprised the 10-year yield is surging to ~2%.
If you stayed up late enough to listen to Donald’s victory speech, you should come away feeling better that everything will be OK if you are a Hillary supporter. Donald spoke with a lot of humility. He talked about bringing the nation back together, working with every country, and helping every citizen. In a word, he sounded presidential. Have a listen if you haven’t already.
As financial freedom seekers, we should accept the outcome and look at the bright side of change. Out with the status quo and in with the new. Let’s see what a businessman can do versus a career politician.