I've been asked a few times quite recently some variation of the following question: "Given the recent political turmoil, especially with Canada and the US, what should I do with my portfolio? Should I have more/less US dollars? More (or less) US equities? What about Canadian stocks?" The short answer is I have no idea nor does anyone else and so staying the course is usually your best option. That is, one of your most important investing skills is the ability to do nothing. At first glance, this might not seem like a skill at all. Isn't investing about making timely decisions, identifying opportunities, and reacting to market movements? For a select few maybe, but successful retail investors, especially when facing unsteady or volatile markets, practice the fine art of doing nothing. Why Do Nothing? The Nature of Markets: Markets are inherently cyclical. They experience periods of growth followed by inevi...