Long Islanders assess financial future after election, advisors urge focus on long-term goals

Well, Long Islanders have strong opinions about last week's election results and what it will mean for all of us moving forward. So what about your financial outlook? We spoke with a wealth advisor about finding a sustainable path forward. More than one week after the midterm elections, Long Islanders are still making sense of the outcome. I feel hopeful. I feel that things will maybe change. I mean, I'm... I'm a Republican, but I'm a little disappointed. Only time will tell if President Trump and a Congress controlled by Democrats will be able to work together. The economy is incredible other than we lost about $3 trillion when they found out that... The Democrats did well in the election. We are going to work hard to drive costs down with the president or without him, period. So what should you do to safeguard your finances in this period of political and economic uncertainty? Well, for one thing, experts say take your emotions about the election out of it. Rich, you're right. Most people tend to get too emotional and overreact. Investment Advisor Representative Stephen DeSette says right now your financial strategy needs to be fundamentally sound. Stay focused on your long-term goals, whether you're saving for college, retirement, whatever the case may be, and continue to do a systematic investment plan. Secondly, things are a little tight for most Americans. I think it's really important to Put together what I call a spending plan, Rich. Some people may call it a budget, but I have found people don't like budgets. Call it what you will, but DeSette says you should write it down and stick to it. That's advice designed for folks of all political stripes. You just have to stay focused and you can't freak out. We're just kind of waiting and you know we're gonna watch because it's it's all like up and down of like every day.