Play Video

The Washington Post columnist Michelle Singletary, who writes “The Color of Money,” has suggestions for those worried about the current turmoil affecting the stock market, global trade, and your retirement accounts. And yes, she says screaming is allowed.

https://www.washingtonpost.com/newsletters/personal-finance/?method=SURL&location=SM

“CBS News Sunday Morning” features stories on the arts, music, nature, entertainment, sports, history, science and Americana, and highlights unique human accomplishments and achievements. Check local listings for “CBS News Sunday Morning” broadcast times.

Subscribe to the “CBS News Sunday Morning” YouTube channel: https://youtube.com/CBSSundayMorning
Get more of “CBS News Sunday Morning”: https://cbsnews.com/sunday-morning/
Follow “CBS News Sunday Morning” on Instagram: https://instagram.com/cbssundaymorning/
Like “CBS News Sunday Morning” on Facebook: https://facebook.com/CBSSundayMorning
Follow “CBS News Sunday Morning” on Twitter: https://twitter.com/CBSSunday
Subscribe to our newsletter: https://cbsnews.com/newsletters/
Download the CBS News app: https://www.cbsnews.com/mobile/
Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h

For video licensing inquiries, contact: li*******@******ne.com

source

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial, investment, or legal advice. Stock markets, real estate, and other financial instruments involve significant risks, and past performance does not guarantee future results. You should conduct your own research and/or seek advice from a licensed financial advisor before making any investment decisions. The website owner is not liable for any financial losses or damages arising from the use of the information presented here.

About The Author

35 thoughts on “What to do now: Advice from personal finance columnist Michelle Singletary

  1. I’ve just made it a practice to not believe anything the media says about anything anymore as we have already learned they lie with every breath they take. Fact is, my TV went in the trash a long time ago. And see no need to even listen to this clip. Take my advice and tune out the BS of the main stream media.

  2. Father, I choose to be patient with others, always ready to forgive if I have a difference with anyone. I forgive as freely as You have forgiven me. Above all, I am truly loving, for love binds all the virtues together in perfection. In Jesus’ name, amen.

  3. Every time I tried manifesting money, it felt like I was faking it. Nothing changed. Then I read The Hidden Codex of the Financial Alchemists and it finally made sense—it’s not about forcing, it’s about aligning. I made a few subtle shifts, stayed consistent, and suddenly my side hustle took off like never before. This book is legit coded in gold.

  4. The last chart regarding satisfaction is ridicules and another attempt of your liberal network to discredit President's Trump work. It's going to take more than 100 days to resolve all the disastrous issues created in four years by the last unqualified and un-American administration! I can say this, President Trump has done more in just a few months than sleepy Joe and a VP that had trouble articulating anything every time she opened her mouth. Just wait a little longer and you will not speak about the satisfaction score when Trump spikes up in the ratings.

  5. After the election I felt the market would be at risk. How can you start printing money if there’s no catastrophe? Cash was paying 4-7%. Morgan Stanley made 18% but I only got 6% last year. Nobody bailed us out in 08’ and I knew no one was coming to the rescue again and we don’t have 10 years left for recovery.

  6. Smith: Trump’s Tax and Tariff Policies Already Attracting Job-Creating Investments

    April 04, 2025

    Extending the Trump Tax Cuts

    Long-term extension of the 2017 Trump tax cuts will fuel significant economic growth and prosperity.

    1 million new jobs created by small businesses if the 20 percent small business deduction is made permanent.

    $150 billion in economic growth from permanent extension of the 20 percent small business deduction.

    $284 billion of new economic growth from American manufacturers.

    $50 billion in new investment in Opportunity Zones, which represent the poorest neighborhoods and communities in the country.

    Key Policies from the Trump Tax Cuts Set to Expire if Congress Fails to Act:

    6 million jobs will be lost if the tax cuts are not extended.

    The average taxpayer would see a 22 percent tax hike if the Trump tax cuts expire.

    A family of four making $80,610, the median income in the United States, would see a $1,695 tax increase if the Trump tax cuts expire.

    This is worth about 9 weeks of groceries to a typical family of four across the country.

    40 million families would see their household’s Child Tax Credit cut in half.

    91 percent of all taxpayers would see their guaranteed deduction slashed in half.

    26 million small businesses would be hit with a 43.4 percent top tax rate if the Section 199A Small Business Deduction expires.

    7 million taxpayers would be impacted by the return of the Alternative Minimum Tax.

    2 million family-owned farms would have their Death Tax Exemption slashed in half next year.

    WAYS & MEANS COMMITTEE

  7. People that worry and don’t know what to do shouldn’t be in the stock market. When you start a 401k plan, first thing you should know is it’s not guaranteed money. So have other sources like CD’s and Money Market accounts. 2nd, look at how the markets operated for the last 20 years and you’ll see the fluctuations. I never listened to them saying “don’t look at your portfolio.” I looked because I wanted to understand how the market works. 3rd, just let it ride, don’t panic sell because you’ll end up loosing more money than you would have gained. There’s nothing to fear if you’re in control

  8. I only take "financial advice" from PROVEN WINNERS, such as, STEVE FORBES, WARREN BUFFETT and KEVIN O'LEARY. ALL started with NOTHING…and became what they are! I totally disregard SELF PROCLAIMED "experts" most of whom are COLLEGE professors – STATE EMPLOYEES who EARN LESS than I do!

  9. Easy for many to talk. Due to Trump's tariffs, my husband and many others who do the same customer engagement job for the same company corporate wide are losing their jobs effective May 3rd. His 401k is toast now and what may keep us floating (until he finds a different job) is our pensions and social security. Due to my health issues, and taking social security early, I can only made a certain amount each month at my part time job or risk being penalized. My son is in the same boat regarding possibly losing his job due to tariffs. There are thousands who face an uncertain future and monies they may have been able to save may already be gone now or soon. Why Republicans keep punishing middle class and the poor really says alot about their definition of "pro life". smh

  10. The US stock market is like going up a mountain with a yo-yo. Keep dollar cost averaging if you're still in the accumulation phase because you're buying at a discount.

  11. The Washington Post, credibility? Give me a break. No one in the lamestream media can get their head around the end of democracy, the victory of fascists, and the end of any rational advice. Pathetic report. Bezos has silenced any real analysis and dissent at the Post.

  12. When the Felon was elected and kept talking about tariffs, I moved money from stocks to bonds. When he was inaugurated and kept talking that crap, I moved more into bonds. Then the stupid prizes from the stupid games meant bonds acted crazy too. Now I feel stupid because I didn't move everything to cash right after the election like people around me did.

  13. I agree with everything she said. Except that there can be really big crashes, not a normal 20% down. Like 80% plus. And can last many years. With the National debt adding 1 trillion every hundred days and also the deficit, we could very well be popping a massive debt driven economy. I wouldn't sell everything, but having a large percentage cash position, as well as gold for insurance diversification. There is a reason why gold is at its all time high record price right now. Most people don't connect the dots, but between so many of these issues and dollar debasement, gold will only go higher and much higher in the longer term 🙂

  14. The Japanese beg to differ. It took Japan's stock market 30 years to recover from its peak. The U.S. appears to have more structural cracks in its economic system now than Japan had during their prior period.

  15. Back in 2008 with the huge Recession and crumbled Stock Market, while my 30-something aged peers were going out every night, $86.00 Happy Hour bills, expensive Starbucks drinks five days a week, expensive trips to Hawaii, and Mexico and Las Vegas, I quietly BOUGHT AS MUCH STOCK as I could all through half of 2008-2009, (and also put 25% down on a little rental house….no PMI). ……..Fast forward to 2020 Pandemic when I RETIRED at age 50. I always told people back in 2009 “Don’t you plan on being ALIVE in 2025?!?, BUY stocks now while everything has crashed!!!” They usually looked at me like I was crazy….now it’s 2025 and they’re ALL still slaving away at jobs they hate, nowhere near retirement. 🤔🤷🏼‍♂️🤔🤷🏼‍♂️😎

Leave a Reply

Your email address will not be published. Required fields are marked *

Related News