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:
“A budget is telling your money where to go instead of wondering where it went.”—Dave Ramsey
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...
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™
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