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NCDem47

(2,725 posts)
Fri Apr 4, 2025, 09:59 AM Apr 4

So, my financial advisor emails me today...

Obviously to address the tariffs and market decline. It did look like a cut-and-paste that probably went out to all clients.

There's no doubt he's Republican, but he keeps political views to himself. Only with him due to looooooong family history with the firm he is with. He is sharp though.

The email walks the line for the most part to not outright offend left or right clients. BUT, leans into that BS short-term pain, long-term gain speak in "reshaping the economy to adress the federal debt."

There's just no way to navigate concerns, adjustments and strategies without making this poitical. Trump's actions started all this. FULL STOP!

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BOSSHOG

(41,947 posts)
2. Health care professionals
Fri Apr 4, 2025, 10:03 AM
Apr 4

Deal with both short and long term pain at the same time. With action and a plan. At least stop the freaking bleeding.

gab13by13

(27,564 posts)
4. Short term pain is a right wing talking point
Fri Apr 4, 2025, 10:04 AM
Apr 4

The pain was unnecessary, self-imposed by Trump, to show how powerful he is.

DaBronx

(691 posts)
7. That is a Republican talking point
Fri Apr 4, 2025, 10:10 AM
Apr 4

I hope he has
Your best interests front of mind. Sounds like he is repeating the Republican talking points. We are going to have severe long term pain from tariffs with no positive outcome! If they don’t get rid of these tariffs we are going to be in trouble. Small to medium businesses already talking about cutting back, some shutting down, laying off employees. The only places that are going to do well are the local mechanics. Nobody will be able to afford cars or anything. Parts will be expensive as well. We are going back to hoarding toilet paper soon. Canada has rightfully turned their back on US products and I feel the world will soon follow suit. What a mess.

NCDem47

(2,725 posts)
8. I'll clarify:
Fri Apr 4, 2025, 10:15 AM
Apr 4

He didn't make that point directly, instead, saying,

"Although controversial, some economists argue these changes are necessary for addressing federal debt."

That's a bit weasly, but it is factual. Some economists do. Just not the type that any of us would agree with!

Doodley

(10,735 posts)
9. Sounds MAGA! Are your investments exposed to the downturn? Did he give you any specific advice?
Fri Apr 4, 2025, 10:20 AM
Apr 4

NCDem47

(2,725 posts)
10. I directed him after the election to move investments into safer harbors.
Fri Apr 4, 2025, 10:24 AM
Apr 4

He understood. We discussed the pros and cons.

Sooooooo glad I did. Reduced my stock exposure.

Still....a rough past 48 hours and I feel more to come here throughout the day.

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