{"id":12967,"date":"2025-04-04T17:20:38","date_gmt":"2025-04-04T17:20:38","guid":{"rendered":"https:\/\/finderica.com\/?p=12967"},"modified":"2025-04-04T17:20:38","modified_gmt":"2025-04-04T17:20:38","slug":"trumps-tariffs-and-markets-in-turmoil-commentary-and-advice-from-12-financial-gurus","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=12967","title":{"rendered":"Trump’s Tariffs and Markets in Turmoil: Commentary and Advice from 12 Financial Gurus"},"content":{"rendered":"
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The news of the tariffs and the impact on the financial markets dominated headlines on Thursday and the unease bled into every day life.\u00a0Let\u2019s hear what the press and some legendary personal finance experts have to say about the market turmoil.<\/p>\n

Here is some useful advice and insightful commentary on tariffs and market volatility from 12 thought leaders. (For Boldin\u2019s take, see what to do in market volatility.) We think you will find the range of views valuable to put the news in context.\u00a0 There are legitimate concerns, but the big question is will these tariffs hold and are we looking at complete upheaval of the world economy, or is this just another short dip in a long road upward?\u00a0<\/p>\n

1. Kitces: 10 Charts to Put Market Volatility in Perspective<\/h2>\n

If you follow the financial planning space, you\u2019ve likely come across Michael Kitces, a widely respected thought leader and financial planning industry researcher. His platform regularly features in-depth insights from top financial experts, and recently, he invited James Liu, CEO and founder of Clearnomics, and Lindsey Bell, Chief Market Strategist, to share their perspectives on recent market volatility<\/a>.\u00a0<\/p>\n

There\u2019s plenty of valuable insight in the article, but three key principles stand out as especially important for Boldin subscribers to keep in mind during times of uncertainty: the power of diversification, the inevitability of market corrections, and the importance of staying invested for long-term financial success.<\/p>\n

The Role of Diversification in Market Stability<\/h3>\n

History consistently proves that no single asset class outperforms forever, which is why diversification is necessary to manage risk effectively.\u00a0<\/p>\n

In recent years, if the majority of your stock allocation was made up of U.S. stocks (i.e. the S&P 500), you likely fared well. However, when U.S. stocks struggle, other types of investments can help balance things out and reduce the overall ups and downs in your portfolio. As shown in the graphic above, international stocks, commodities, and bonds have helped soften the impact of stock market fluctuations so far this year.\u00a0\u00a0<\/p>\n

By investing your money across different asset classes, you can build a more resilient portfolio that can handle market ups and downs while maintaining long-term growth potential.\u00a0<\/p>\n

Market Corrections Happen Faster than You Think\u00a0<\/h3>\n

It\u2019s never easy to watch your retirement savings or investment portfolio take a hit during a market downturn. Seeing your hard-earned savings quickly fall can be stressful, and it\u2019s completely understandable to feel concerned. However, history has shown us that these market dips are a natural part of investing\u2014and they don\u2019t last forever.\u00a0<\/p>\n

As the chart above illustrates, the typical S&P 500 correction has seen a drop of around 14%, but historically, the market has bounced back in under 4 months. Take 2020 as an example\u2014who could have predicted a global pandemic that year? At the time, you might have assumed it would take years for your investments to recover, but the market rebounded in just four months.\u00a0<\/p>\n

While these downturns are understandably unsettling, they help adjust market prices and create new investment opportunities for long-term investors who stay the course.\u00a0<\/p>\n

Time in the Market Beats Timing the Market\u00a0<\/h3>\n

During periods of market volatility, the urge to \u201cdo something\u201d with your investments\u2014like selling to avoid further losses\u2014can be tempting. But timing the market successfully requires getting two nearly impossible decisions right: when to sell and when to buy back in.\u00a0<\/p>\n

As we see in the graph above, missing just a handful of the market\u2019s best-performing days can have a serious impact on your long-term investment returns. Selling during market downturns can cause you to miss the critical rebound periods that follow.\u00a0<\/p>\n

Staying the course, even when the news looks grim, has historically been the best way to build long-term wealth. Not only that, but it also provides peace of mind by avoiding the stress of constantly trying to predict market movements.\u00a0<\/p>\n

See the full article<\/a>, 10 charts to put market volatility in perspective, for more insights.\u00a0\u00a0<\/p>\n

2. Morgan Housel: Denial or a Belief that the Tariffs Will Be Reversed<\/h2>\n

Morgan Housel is the author of the acclaimed and best selling book: The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness<\/em>.\u00a0 He was recently quoted in Barron\u2019s<\/a>, commenting on the market volatility.\u00a0<\/p>\n

He said, \u201cI have lots of takes. I follow the stock market very closely. I check it all day, every day, but it never influences the decisions that I make as an investor. I dollar-cost average into index funds that I hope to own for the next 50 years. I don\u2019t think that\u2019s a contradiction, because markets are a window into human behavior that are so fascinating.\u201d<\/p>\n

However, after Thursday\u2019s market crash, he tweeted more direct commentary on the tariffs that is either optimistic or pessimistic depending on how you read it.\u00a0 He wrote:\u00a0 \u201cSpoke to an investor who said \u201cif the market actually processes what happened yesterday it would be down 30-40%. The fact that it\u2019s not is either denial or a belief that it will soon be reversed.\u201d\u00a0<\/p>\n

If you haven\u2019t heard Housel on the Boldin Podcast, we highly recommend a listen.\u00a0<\/p>\n

3. Ben Carlson: Volatility Clusters<\/h2>\n

Ben Carlson, CFA, is currently the Director of Institutional Asset Management at Ritholtz Wealth Management and the author of the blog A Wealth of Common Sense<\/em>. He provides commentary<\/a> on how today\u2019s markets are different and how volatility clusters are becoming more common. He writes, \u201cI don\u2019t know if this will turn into another bear market but I\u2019m not surprised that these big moves are happening more often.\u201d<\/p>\n

He talks about how downturns are more frequent and more short lived.\u00a0<\/p>\n

4. Wall Street Journal\u2019s Editorial Board:\u00a0<\/h2>\n
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  1. \n<\/ol>\n

    While YouTubers and social media commentators dominate online discussions, we still think of the Wall Street Journal as the ultimate financial guru. Their Editorial Board published an opinion piece today titled, \u201cTrump\u2019s New Protectionist Age: Blowing up the world trading system has consequences that the President isn\u2019t advertising<\/a>.\u201d\u00a0\u00a0<\/p>\n

    The piece starts by saying, \u201cPresident Trump unveiled his new \u201cliberation day\u201d tariffs on Wednesday, and they are another large step toward a new old era of trade protectionism. Assuming the policy sticks\u2014and we hope it doesn\u2019t\u2014the effort amounts to an attempt to remake the U.S. economy and the world trading system.\u201d<\/p>\n

    5. Joe Kuhn: Your Retirement Plan is WRONG (You Need to Routinely Update and Stress Test to Failure)<\/h2>\n
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      Check out Joe Kuhn\u2019s video<\/a> on the importance of stress testing your retirement plans and walks through scenarios to run using Boldin.\u00a0<\/p>\n

      6. Jean Chatsky: Time in the Market<\/h2>\n
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        Jean Chatsky, the CEO of HerMoney<\/a> and host of the podcast HerMoney was interviewed by CNBC<\/a> and she reminded everyone of an old adage: \u201c\u201cWith these volatile markets, you do not want to time the market.\u00a0 Timing the market doesn\u2019t work \u2014 it\u2019s time in the market.\u201d<\/p>\n

        She also advised that \u201cTaking action is the best way to feel more resilient.\u201d Here are numerous ways to take action that don\u2019t involve selling off your money at a loss.\u00a0<\/p>\n

        7. Azul Wells: Riskiest Economic Experiment of Our Lives Has Begun<\/h2>\n
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          Azul Wells is a new partner to Boldin. In a video posted April 3, 2025 Azul discusses Trump\u2019s tariffs<\/a> and what impact they may have on your finances.\u00a0<\/p>\n

          8. Rob Berger and Friends: Investment and Allocation Insights<\/h2>\n
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            In the last few days Rob Berger has been posting on investments and allocations. And, his insights are likely useful in light of the tariff news.\u00a0<\/p>\n

            He has recently posted:\u00a0<\/p>\n

            9. Devin Carroll: Don\u2019t Let a Bad Market Ruin Your Retirement Plans<\/h2>\n
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              Devin Carroll assures you that you don\u2019t have to panic<\/a> and hit the brakes on your retirement plans.\u00a0<\/p>\n

              10. Michelle Singletary: Don\u2019t Let this Scare You Out of the Stock Market<\/h2>\n
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                Michelle Singletary writes the nationally syndicated personal finance column \u201cThe Color of Money,\u201d which appears in The Washington Post on Wednesdays and Sundays. <\/p>\n

                She offered advice on Thursday<\/a> that included a plea to younger Americans to keep investing in the stock market. She said, \u201cIf you\u2019re in your 20s, 30s, or early 40s, don\u2019t let what\u2019s happening now scare you away from the stock market. Keep investing.\u201d Singletary continued, \u201cAs a young adult investor, you have available to you an important investing strategy that older investors don\u2019t. You have time on your side. Consistently investing over a 30- or 40-year career can result in a seven-figure retirement account.\u201d<\/p>\n

                And, for everyone else, she advised to \u201cdon\u2019t look.\u201d And, if you do look, be sure to look at where you stand over 10-15 years ago. Odds are you are still way up.\u00a0<\/p>\n

                11. Warren Buffet: Keep Your Head When\u00a0 All Else Are Losing Theirs<\/h2>\n
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                  In early March of this year, Warren Buffet called Trump\u2019s tariffs as \u201can act of war.\u201d\u00a0<\/p>\n

                  However, his advice from a 2017 letter to Berkshire Hathaway shareholders is being widely quoted as sage advice even now.\u00a0 In the letter Buffett warned against becoming rattled by \u201cscare headlines and breathless commentary when the stock market drips.\u201d\u00a0 And he proceeded to quote Rudyard Kipling\u2019s poem, \u201cIf.\u201d<\/p>\n

                  \u201cIf you can keep your head when all about you are losing theirs \u2026 If you can wait and not be tired by waiting \u2026 If you can think \u2013 and not make thoughts your aim \u2026 If you can trust yourself when all men doubt you \u2026 Yours is the Earth and everything that\u2019s in it.\u201d<\/p>\n

                  12. Gurus in the New York Times Expressed Bewilderment<\/h2>\n

                  In the New York Times lead story, Trade War Sets Off \u2018Max Pessimism\u2019 in Global Markets as Stocks Plunge<\/em><\/a> various financial experts are quoted, most expressing disbelief and bewilderment.<\/p>\n

                  \u201cTrump\u2019s tariff plan probably represents a shift for markets to quickly move from max uncertainty to max pessimism,\u201d said Jeff Buchbinder, the chief equity strategist for LPL Financial.<\/p>\n

                  \u201cThey might as well have been in a room throwing darts at a dart board,\u201d said Andrew Brenner, head of international fixed income at NatAlliance Securities. He continued, \u201cTrump is going to war with countries on this,\u201d he said. \u201cIt\u2019s ridiculous. It shows no comprehension as to what he is doing to other countries. And it is going to hurt the U.S.\u201d<\/p>\n

                  \u201cNever before has an hour of Presidential rhetoric cost so many people so much,\u201d Lawrence Summers, who served as Treasury secretary under President Bill Clinton,\u00a0wrote on social media<\/a>\u00a0late Wednesday.<\/p>\n

                  Harry Lutnick, Trump\u2019s Commerce Secretary was also quoted as saying: \u201c\u201cLet Donald Trump run the global economy. He knows what he\u2019s doing. He\u2019s been talking about it for 35 years. You got to trust Donald Trump in the White House.\u201d<\/p>\n

                  About the Boldin Retirement Planner<\/h2>\n

                  The\u00a0Boldin Planner\u00a0is powerful software that puts you in control. It\u2019s almost like having a financial expert at your fingertips. Research shows that people with a written financial plan do 2.7 times better financially. They\u2019re also 54% more likely to live comfortably in retirement. That\u2019s not luck, that\u2019s taking control of your money. The Boldin Planner has been named the\u00a0Best Financial Planning Software of 2025<\/a>\u00a0and the company was selected as a Top Innovator in\u00a0UpLink\u2019s<\/a>\u00a0Prospering in Longevity Challenge and named to the\u00a0FinTech 100<\/a>\u00a0by CBInsights.<\/p>\n

                  The tool is ideal for planning because it covers a comprehensive set of information relevant to retirement and lets you customize everything \u2013 including your own life expectancy.<\/p>\n<\/p><\/div>\n

                  Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

                  The news of the tariffs and the impact on the financial markets dominated headlines on Thursday and the unease bled into every day life.\u00a0Let\u2019s hear what the press and some legendary personal finance experts have to say about the market turmoil. Here is some useful advice and insightful commentary on tariffs and market volatility from<\/p>\n","protected":false},"author":2,"featured_media":12968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[348],"tags":[1866,5378,191,5379,175,178,962,4593],"class_list":{"0":"post-12967","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-retirement","8":"tag-advice","9":"tag-commentary","10":"tag-financial","11":"tag-gurus","12":"tag-markets","13":"tag-tariffs","14":"tag-trumps","15":"tag-turmoil"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/12967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12967"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/12967\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/12968"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}