Covid and the 2020 Elections
Less than one week until the elections and the number of cases have risen. These are the headlines we see all of the time which may have you question what you are doing with your wealth. Scary to think about sometimes, but when it comes to investing we can’t let our emotions get the best of us.
As the November election approaches, many investors are considering how they should position their portfolios ahead of the election. A few points are worth making in this regard. First, it is always a good principle not to let how you feel about politics overrule how you think about investing. Many Republicans assumed that the stock market would go down under President Obama and many Democrats assumed that the stock market would fall under President Trump. Both lost money on that bet. Second, given the closeness of the polls, the extra uncertainty caused by the U.S. electoral college and the problems of voting in a pandemic, the election itself is both too close to call and too early to call.
In either case if you are investing to meet your goals it is never wise to jump in and out the market. This is why we plan in advance for these times and build a portfolio designed(using a Risk Number) to endure through these times. We just have to remember why we do this and we don’t have to look very far back to test this. For anyone who went to cash in March of this year it probably was not a good financial decision. The markets have rebounded and actually went positive. Watch the latest update in the video and see what we believe.
Once you have watched the video learn more about our invest process by visiting this page on our website:
Expand Your Student Loan Knowledge This is material I thought would be worth sharing courtesy of my Financial Planning Software Provider RightCapital. We believe it is important to be an informed consumer of college education and want people to have an...
Related ArticlesWould You Like Help Creating A Plan For Your Child's College Fund Or Your Own Retirement Needs?We Help Families & Individuals Create Financial Plans For Success.Mark Kelly, Certified Fee-Only Raleigh Financial Planner™Check...
Learn How to Remove Items From Your Credit Report Credit is an important part of most people’s lives. It lets lenders know how trustworthy you are with borrowing money. This includes everything from a personal loan to a big financial commitment like a home mortgage. ...
Would You Like Help Creating A Plan For Your Child's College Fund Or Your Own Retirement Needs?
We Help Families & Individuals Create Financial Plans For Success.
Mark Kelly, Certified Fee-Only Raleigh Financial Planner™
At University Financial Strategies our mission is to help families think beyond just saving for college, but helping leverage strategies that leverage your unique situation to help you save on college costs. We take into consideration topics like specialized college-planning strategies for business owners, planning for financial aid, school-specific scholarships, coordinating college planning with grandparents, cash-flow strategies and options for covering shortfalls, to name just a few.
The information on this site is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, University Financial Strategies, LLC.(referred to as "University Financial Strategies") disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement and suitability for a particular purpose. University Financial Strategies, LLC.does not warrant that the information will be free from error. None of the information provided on this website is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments.
Your use of the information is at your sole risk. Under no circumstances shall University Financial Strategies, LLC.be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if University Financial Strategies, LLC.or a University Financial Strategies, LLC.authorized representative has been advised of the possibility of such damages. In no event shall University Financial Strategies, LLC.have any liability to you for damages, losses and causes of action for accessing this site. Information on this website should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.