Welcome to Extreme Investor Network, where we take a unique approach to personal finance and investing. Today, we’re diving into the topic of how the upcoming presidential election could impact your money. While it’s natural to feel some anxiety about the election, it’s important to stay focused on your long-term financial goals.
According to a survey by Betterment, more than half of investors are feeling nervous about the upcoming election, with 40% expecting to make changes to their investments based on the outcome. However, financial experts advise against making investment decisions based on political factors, as markets tend to react more to economic conditions than political events.
At Extreme Investor Network, we believe in maintaining a diversified portfolio and focusing on saving more, rather than trying to time the market based on political outcomes. As certified financial planner Cathy Curtis points out, the economy tends to continue on its path regardless of who is in office.
Blending political opinions and portfolios
While it’s common for investors to blend their political beliefs with their portfolios, it’s essential to remember that historical data shows that presidential elections have had minimal impact on the stock market. Even in a contentious election year, the market has historically continued to perform well.
At Extreme Investor Network, we encourage our clients to stay focused on their long-term financial goals and not make hasty decisions based on political anxiety. Instead of trying to time the market, consider maintaining a cash reserve for opportunities that may arise during periods of market volatility.
If you’re feeling anxious about the upcoming election, remember that staying informed and focused on your long-term financial plan is key. At Extreme Investor Network, we’re here to help you navigate any uncertainties and make the most of your investments.
For more personalized advice and insights, reach out to one of our expert financial advisors at Extreme Investor Network. We’re here to partner with you on your financial journey and help you achieve your goals.