Tariff Delay on Electronics

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This week Trump decided to give us an early Christmas present by delaying tariffs on consumer electronics made in China for 90 days. It’s hard not to get concerned about these day to day politically motivated policy changes that have immediate impact on our retirement savings. I personally lost over $5000 dollars in my investments this week when additional tariffs were announced. There has been some recovery since the delay was announcement, but I don’t expect to regain all that was lost. There are too many predictions that the economy is headed for a recession. Lower interest rates are also going to hurt because those safe money market accounts are not going to payout as much anymore. Still, the only way to not see the value of your investments drop is to go into cash accounts. It may be a good idea to have a higher allocation in cash, getting little interest, at least until after the 2020 elections are over.

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