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Investing in Trump's America

Three different people, none of whom have any confidence in President-elect Donald J. Trump, have asked me if they should continue to put money into their retirement accounts. Since this many people are asking, I wanted to share with everyone the same advice that I've given them.

Yes, I told them.

Yes, you should definitely continue to put money into your 401(k) and other retirement accounts.

No matter what President Trump does, there are still tax advantages to putting money into your 401(k), IRA, or other retirement accounts.

No matter what President Tump does, you are still going to retire one day. You are still going to need those funds.

However, I'd put much more of it into cash, bonds, utilities, or international funds. It's going to be a couple of months before everyone figures out exactly what President Trump is going to do, exactly what impact it will have, and, in turn, how they can make money within the context of those changes.

Until then, I believe a more defensive asset allocation is prudent.  Hence, I recommend the four asset categories above for the time-being.

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Scorecard for the Trump Administration

It's official.After much rancor, Donald J. Trump now
the 45th President of the United States. I will make no secret of the fact that I didn't vote for him in either the primary or general elections. However, he is President and I wish him well.

As a man who campaigned on making America great again, I believe that it's important to establish a few important benchmarks. As time progresses, we can thus measure his performance or lack thereof. Here, therefore, is where America stands as of January 20, 2017.

Let's start with those statistics that revolve around jobs and income. President Donald Trump has his work cut out for him because this is where we start.

Unemployment Rates
U1 - 1.9U2 - 2.3U3 - 4.8U4 - 5.2U5 - 5.9U6 - 9.8Labor Force Participation Rate: 62.7

Median Household Income: $55,775

Percent of Americans Living in Poverty: 13.5%

The fact that U6 unemployment, which includes those who are only working part-time when they want to work full-time, is at 9.8% is perhaps …