The shocking victory of the GOP bet has surprised not just the public, but caused havoc within the market as well. Even before, figures have been fluctuating, leading investors and traders into confusion and uncertainty as the terms recession, stimulus, policies, and rates each report a standing that quickly changes in a matter of hours. At present, some have stopped listening to the news and updates as they have gotten used to data that will be altered before they know it.

A perfect example for this is the economic outlook as Trump prepares to take the reins next year. Prior his win, several forecasts were heard on what could happen to the marketplace, and how his success could affect the stocks. Whatever his impact maybe and whether you, as a participant, favor him or not, it is vital that you brace yourself and your retirement savings for any sudden occurrences to ensure you will not end up speechless as circumstances chop a huge chunk of your funds. Here are a few advices to to keep in mind:

Make reasonable portfolio alterations and stick to a plan

Probably the worst mistake an investor can commit is not having a concrete strategy for future situations. The initial measure to gear up for a Trump economy is to meet up with an advisor and discuss the current state of your finances, including how much you will need when you finally decide to retire. Aside from this, anticipate unforeseen incidents and identify how much risk level you can tolerate. By putting this in mind first, you can set up a realistic plan. Meanwhile, if you already have an established technique on how to handle your cash and maintain your portfolio, it would be better to choose tactical tweaks such as refinancing your mortgage instead of a major overhaul.

Avoid complacency

There is no room for over confidence in the face of massive transitions like this. While it is tempting to jump from one strategy to another especially since many moves appear wise, stay clear of the idea that you can handle every circumstance that may arise. For example, since the presumptive US head is known for his penchant of borrowing to ramp up infrastructure spending, you may immediately jump to conclusions that investing in construction industry is a perfect response for this but according to studies, sudden decisions like these turn out the other way around more often. Before taking out your wallet, a better suggestion would be to review the history of stocks first, and consider where it might be headed in the long run, instead of focusing only on the popular opinion.

Refrain from emotion-based actions

Although it might seem suspicious at first glance, waiting for a little longer before making a move can sometimes be rewarding, instead of quickly countering a shift in stocks. For instance, when the S&P 500 took a nosedive before at around 1,800, many feared a recession and transferred to safer investments instead. But just as fast as it had fallen, it managed to climb back to 2,200. This is the same case with the switching of US chief. When Trump was announced as the winner, several stocks plummeted, only to rise again after the realization that some of his policies can be beneficial as well.