It’s not unusual for the election of a new president to cause uncertainty in the stock market. On election night when it became clear that Donald Trump would win the presidency markets dropped sharply, but they have bounced back to record highs. This morning, the Dow Industrial Average topped 20,000 for the first time in history. That’s good news for investors but some analysts worry that the deregulation, the repeal of the Affordable Care Act without a substitute, or possible cuts to programs like Medicare could send the economy into a tumble. So, what does all of this mean to individual investors who are saving to buy a house, or paying off student loans, or saving for a child’s education, or planning for retirement? Michelle Singletary joins Tom to give us some tips on what we should be doing to manage our money during the Trump administration. Here's a hint: a lot of it is stuff you should have already been doing. Michelle Singletary writes the nationally syndicated personal finance column “The Color of Money” for the Washington Post. She’s the author of three books including The 21 Day Financial Fast: Your Path to Financial Peace and Freedom.
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