"President Trump scares me — should I stay out of the markets?"
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Your 2-minute guide to demystifying money and making you richer
The markets, year-to-date
S&P 500: 6,013.13 ⬆️ 2.24%
FTSE 100: 8,659.37 ⬆️ 4.83%
Bitcoin: $95,796.11 ⬆️ 2.5%
GBP to USD: $1.26 ⬆️ 0.91%
GBP to EUR: €1.20 ⬇️ 0.16%
(As of Friday market close.)
The Trump effect on markets
We got a smart question about Trump and money from a reader this week:
Q: I get that putting my cash in an ETF/stocks and shares ISA is probably going to provide a better return. But what about doing it RIGHT NOW? I'm truly worried about the Trump effect on markets: what's he going to do to them? I know the S&P 500 is doing well at the moment but will there be a moment when markets begin to object, e.g. to his protectionist stance?
A: Your question is a good one. Everyone asks this at one time or another. The answer is to think about your timeframe. Are you investing because you want to cash-out in one year? Or is your time horizon five years or more? If it's five years or more — co…