On Fox News, John Roberts wagered that the stock market would rebound to 50,000 points within a year, following a sharp decline due to new tariffs introduced by President Trump. The morning after Trump's announcement, stock futures plummeted. During the show's discussion, while Roberts expressed philosophical views on market fluctuations, co-anchor Sandra Smith emphasized the dangers facing investors reliant on immediate cash from their investments, especially for those close to retirement. Roberts reiterated advice from his financial planner about maintaining a long-term strategy, even during downturns.
The market goes up, the market goes down, it always has, it likely always will.
My response to that is that there are people who need to get out at a certain given moment and if the market is down in that moment it could be very harmful to somebody's 401k.
You know, my financial planner has said don't suddenly get out. I mean, even if you're about to retire, don't get out, leave a certain part of your portfolio in the stock market because it'll go back up again at some point.
They all have a very low blood pressure about the market dropping. They thought this was gonna happen. It is happening.
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