I have had a number of people reach out asking some form of ‘should we make any changes to our investments with Trump back in power?’, ‘what should we do with our Canadian investments?’, ‘if there are tariffs, this could mean _____, right?’

These questions are some form of ‘how can we invest better/differently/the right way.’

One of the traits from Trump’s first term in office, and appears to be continuing so far in round two is how fast the news cycle is.

One day we’re hearing about the ‘Gulf of America’, the next we’re hearing about annexing Greenland, tariffs on Canada/Mexico/EU, and now the Middle East.

Expect this to continue for the next four years.

The tariff announcement and one-month postponement garnered a flurry of reactions. 

Economists were on the evening news giving there takes, experts were asked for quotes for the papers, and my inbox was full of every bank economist and fund portfolio manager giving their answer to how investors should ‘Trump-Proof’ their portfolio.

Most of them are focused on the here and now.  Explaining how they’re going to trade their way through the topic of the day which they were asked about in the interview.

They are missing some important nuance – a) they are more likely than not going to be wrong in their analysis, and b) what are they going to do when the tables turn in the next “what should we do about Trump’s decision on _______” moment in the news?

I put together this video that I wanted to share with you – where I provide my response to the question of how to approach investing during Trump’s presidency.

A companion video about the problems with “Investment Research” as it is presented to investors, which I mention in the video above, can be found here: