It is a startling statistic.
45% of consumers with $100,000 or more investable assets expect to make changes to their investments due to the upcoming 2020 presidential election.1
Second-guessing your investment strategy is natural, especially with an election on the horizon. Emotions are running high as many are divided about what may happen to the financial markets with the election just weeks away.
It is a good time to remind everyone that investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. If you’re concerned that the upcoming election may change one of these key factors, perhaps it’s time to review your portfolio.
Or, if you are concerned about one or more of the policies being discussed by the presidential candidates, please give us a call. We would welcome the chance to hear your perspective, and hopefully, we can provide some guidance.
Making a change to your portfolio should be driven by sound analysis, not an emotional response to a current event. If the election does introduce some new economic ideas, we would review the proposals and prepare for what may come next.
1. HartfordFunds, 2020
Investing involves risks, and investment decisions should be based on your own goals, time horizon and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.
Don't Second Guess Your Investment Strategy
October 29, 2020