Markets are in free fall in response to President Donald Trump's far-reaching tariffs, with all major U.S. indices in the red and expected to close in bear territory. After a long bull run, that can be scary for young investors who aren't accustomed to such turmoil. But experts say the best course of action for those with decades ahead of them until retirement is to take a breath, change the channel from markets news, and leave their 401(k) alone.
The advice may seem simplistic in the face of such an unprecedented economic hit and upending of decades of globalization. And indeed, even those who have followed the markets closely for decades are a little shaken, with some of the wealthiest investors moving away from U.S. equities for safer shores abroad. Even seasoned investors have never seen anything like Trump's actions.
