President Donald Trump’s impact on the stock market and the uncertainty surrounding the economy were discussed by investment experts at American Century Investments, who highlighted the importance of diversification. Rich Weiss, senior vice president, pointed out the toxic uncertainty caused by external shocks and the unpredictability of the current administration’s tariff program.
Weiss also discussed the likelihood of a recession and the challenges in forecasting due to the ongoing economic volatility. Evan Mayhew, vice president, emphasized the flexibility of 529 plans in adapting to the market’s instability and recommended diversifying investments based on risk tolerance and geographic factors.
The experts advised against knee-jerk reactions to market movements, stressing the importance of maintaining a long-term perspective and addressing risks upfront. They noted that during economic downturns, most clients continue their investment strategies, suggesting that consistent contributions to 529 accounts are key to weathering market fluctuations. Ultimately, the unpredictable nature of the current market underscores the need for a diversified investment approach and a focus on long-term financial goals.
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