The election is now over. Thank God. As most people, I was really getting sick and tired of all the campaigning. And based on the result of the election, many people are relying on their new found sense of hope. Whether you supported President elect Obama or not, the fact remains the same. All the hope in the world is not going to fix our economy.
Therefore, don’t be too excited about what happens in the short term in regards to the economy. In fact, we can a take a lesson from President Obama himself by keeping our cool. There is no need to get overly excited when the market starts to turn around. But, also, there is no need for panic when things get worse. BTW, things are going to get a little worse before they get better.
Hoping for change. Hoping for dollar dollar bills ya’ll.
Peter Dunn a.k.a. Pete the Planner® is an award-winning financial mind and a former comedian. He’s a USA TODAY columnist, author of ten books, and is the host of the popular radio show and podcast, The Pete the Planner Show. Pete is considered one of the foremost experts on financial wellness in the world, but he’s just as likely to talk your ear off about bass fishing.