Global shockwaves over US President Donald Trump’s efforts to make sure his travel ban are still rippling around the stock markets – but investors should hold their nerve argues a leading financial expert.
The record numbers posted in London, New York and Asia have faltered as Trump’s executive order sparked waves of protest.
In the US, Trump has claimed the decision by a Seattle upheld on appeal to put a hold on the ban is making border security more difficult to maintain and that the judges should be held responsible if the ruling leads to any terror outrages.
“If something happens blame him and court system. People pouring in. Bad!” Trump Tweeted.
Just cannot believe a judge would put our country in such peril. If something happens blame him and court system. People pouring in. Bad!
— Donald J. Trump (@realDonaldTrump) February 5, 2017
“I have instructed Homeland Security to check people coming into our country VERY CAREFULLY. The courts are making the job very difficult!” he added later.
Knee-jerk by markets
“Despite markets jittering, I believe this is more a hiccup than a major obstacle for some investors. Indeed, markets tend to have a knee-jerk reaction to unforeseen or polemic geopolitical events,” said Green.
“There is the argument that markets, such as the Dow, were overvalued and investors could have been seeking a reason to sell. This latest measure by the President has given them such a reason.
“Although Trump’s ban has alarmed markets, shrewd investors won’t be flustered. Instead they’ll be hunting out the inevitable bargains.”
Trump’s Muslim travel ban spooks global markets: could be positive for investors https://t.co/xa2zqgfOjo
— Nigel Green (@nigeljgreen) February 1, 2017
Green also explained that savvy investors will eagerly hope the sell-off persists.
“Many may be put-off or avoid investing altogether during times of volatility, but most successful investors welcome it with open arms,” he said.
“This is because of profitable opportunities becoming available during periods of fluctuation, to enable investors to enhance wealth portfolios and make the most of lower entry points.
“The most prosperous investors will seek independent, professional financial advice to take advantage of the opportunities as the world gets used to Trump as the leader of the free world.”
deVere has more than 80,000 international clients in more than 100 countries and looks after over $10 billion in investments.