Post-Election Money Moves

The past couple of days have presented a lot for me to process. I’m still unpacking the multiple layers of feelings I have about this week’s election results. The one thing I know for sure is that I make terrible decisions when my emotions are high, and when it comes to my money, I want to make decisions from a place of clarity.

With a new administration set to take office, there’s a natural sense of uncertainty. We don’t know exactly what policies will change or how these shifts may affect us financially. In times like these, I like to remember this bit of advice:

• there are things within our direct control

• there are things we don’t have control over, but we have influence over

• and there are things that we have neither control nor influence over.

Now is the time to focus on the things within our direct control. Here are some practical steps we can take to stay grounded and prepare for what comes next:

1. Review Your Financial Goals

While it may not be the time for bold financial moves, it’s an excellent opportunity to take stock of where we stand. Reflect on your current financial goals and evaluate your short, mid, and long-term objectives. Are your investments and savings strategies aligned with these goals? A quick check-in can provide reassurance or reveal areas that may need change. Even if you don’t make changes right now, knowing you’re on track—or identifying areas to work on—will help keep you centered.

2. Know Your Assets and Liabilities

Clarity around your financial picture is empowering, especially during uncertain times. Start by taking an inventory of what you own and owe. Review your checking, savings, and investment accounts to understand your cash flow. Look at the current value of assets, such as your home, car, or any other investments. On the other side, examine your liabilities: outstanding balances, loan terms, and interest rates. Having a clear snapshot of your assets and debts doesn’t mean you need to make any immediate changes, but it puts you in a powerful position should an opportunity arise or if adjustments become necessary.

3. Remember: Timing the Market is a Losing Game

If you’re invested in the stock market, remember that trying to time it is almost always a losing strategy. The best and worst days in the market often occur close together, and trying to predict these fluctuations can lead to missed opportunities. Instead, focus on your long-term strategy. Remind yourself that the market will have ups and downs—what matters is consistency and a strategy that aligns with your overall goals. By sticking to your plan and avoiding reactionary decisions, you’re already on the right path.

Stay Centered, Stay Focused

Now is a time to take a deep breath and remember the fundamentals. Staying clear-headed and informed will help you make sound financial decisions that reflect your true goals. Uncertainty may be inevitable, but by taking control of what we can, we’ll be ready to make confident choices as new opportunities and challenges arise.