President Donald Trump Thursday said he didn't check his 401K account when he was asked about the market crash as a result of his tariffs on about 60 countries. "I think it's going very well. It was an operation. Like when a patient gets operated on and it's a big thing. I said this would exactly be the way it is," the president said a day after Liberation Day.
While his reaction was called tone-deaf on social media, personal finance expert Michelle Singletary in her column on Washington Post advised the same: don't look at your 401(k).
"Like many of you, I’ve gone without some things I wanted — for decades — so that I could put money in a 401(k). I understand how worrisome this is when you’re the first generation in your family to have money in the stock market. And like you, I have contemplated what should I do on a day like today," she wrote.
"Except for yelling, I don’t plan to change my investing strategy right now. In fact, I haven’t looked at my 401(k) since the markets began to skid in reaction to Trump’s tariffs."
Some things are better left unseen, the adviser wrote. "If you have a good long-term investment plan and you’re years away from having to tap your retirement funds, don’t keep checking on how the daily stock swings are affecting your retirement account."
Did Fox News remove its ticker when the stock market collapsed?
Fox News' Jeanine Pirro urged the audience Thursday to ignore the pain for the "sake of patriotic dedication to the president". “I don't really care about my 401k today. You know why?... I believe in this man,” Pirro said. “Who’s complaining? Wall Street. Too bad, he’s helping the middle class. I think it’s gonna be over this summer.”
Social media users flagged that Fox apparently removed the stock market ticker for the first time in 28 years. Fox dismissed the claim and said Fox never deploys the stock ticker full-time. “These claims on social media that this is the first time in 28 years the ticker has come down are not accurate. The stock ticker has never been deployed on screen on a full-time basis," a rep for Fox News told TV Insider.
While his reaction was called tone-deaf on social media, personal finance expert Michelle Singletary in her column on Washington Post advised the same: don't look at your 401(k).
"No, I haven't checked my 401K..." pic.twitter.com/YesIJWVeWW
— Charlie Spiering (@charliespiering) April 4, 2025
"Like many of you, I’ve gone without some things I wanted — for decades — so that I could put money in a 401(k). I understand how worrisome this is when you’re the first generation in your family to have money in the stock market. And like you, I have contemplated what should I do on a day like today," she wrote.
"Except for yelling, I don’t plan to change my investing strategy right now. In fact, I haven’t looked at my 401(k) since the markets began to skid in reaction to Trump’s tariffs."
Some things are better left unseen, the adviser wrote. "If you have a good long-term investment plan and you’re years away from having to tap your retirement funds, don’t keep checking on how the daily stock swings are affecting your retirement account."
Did Fox News remove its ticker when the stock market collapsed?
Fox News removed the DOW ticker. 🤣🤣 pic.twitter.com/9of9omoVba
— Alex Cole (@acnewsitics) April 3, 2025
Fox News' Jeanine Pirro urged the audience Thursday to ignore the pain for the "sake of patriotic dedication to the president". “I don't really care about my 401k today. You know why?... I believe in this man,” Pirro said. “Who’s complaining? Wall Street. Too bad, he’s helping the middle class. I think it’s gonna be over this summer.”
Social media users flagged that Fox apparently removed the stock market ticker for the first time in 28 years. Fox dismissed the claim and said Fox never deploys the stock ticker full-time. “These claims on social media that this is the first time in 28 years the ticker has come down are not accurate. The stock ticker has never been deployed on screen on a full-time basis," a rep for Fox News told TV Insider.
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