Investors selling stocks in fear of the effects of Donald Trump's tariffs would be a mistake, according to billionaire investment analyst Ken Fisher.
“Donald Trump has frightened the dickens out of people,” the founder of Fisher Investments, a global investment adviser with $285 billion of assets under management, told The National.
“They extend that in a myopic way, looking forward in the future. And that's a mistake.”
In his monthly column, Mr Fisher wrote that exiting stocks before the next big, scary tariff news is a mistake.
“The fact of the matter is this is a value year and it's a year that can be accomplished by one basic heuristic that most people don't get,” he said. “The places that Donald Trump taxes the most do the best in the stock market.
“If you think of all the places he accuses things of, you put your money there in value stocks, not growth stocks. Places like Germany, Canada, Mexico or China, they're all doing great while America is not.
“This is a year for value outside America.”
Ken Fisher column: Selling your stocks due to Trump tariffs would be big mistake
Mr Fisher said it is folly to try to time markets based on widely known factors. So is selling amid panic, he added.
Mr Trump’s tariffs are bad – especially for America, and one reason why non-US stocks are trouncing America’s in 2025, he said.
He recommended investors to first ask themselves whether they possess information about the future direction of tariffs.
In the absence of such unpriced knowledge, there is no basis for trading on tariffs, Mr Fisher warned.
