We are going to give you advice that’s difficult to follow:
Following the result of the US election – do nothing.
Ignore the media – especially the financial media. Don’t make any changes to your portfolio based on the election, or any other news. Markets are forward thinking, and all publicly available information is already factored into the price of investments in your portfolio, or any that you may be tempted to buy into. Those prices are fair. If there are any market inefficiencies as a result of the news yesterday, trying to identify them, and profit from them, is very difficult. Market timing rarely works.
It’s always good policy to review your goals and your mix of assets, to focus on keeping your costs and expenses as low as possible, and to mitigate or defer taxes where we can. There can be however, a temptation to take action, to follow the latest developments and try to interpret them to your advantage. Resist them.
Do not mix short-term news with long-term goals.