Five Tips for Moving Forward if You’re Anxious About Your Portfolio in an Election Year
Are you concerned about what the presidential election may mean for the markets? If so, you’re not alone. Investors always tend to get anxious in an election year, and this one seems fraught with quite a bit more angst and uncertainty than usual. Still, if you’re tempted to get out of the market for a while and let things “blow over,” we suggest you take a beat.
Here’s why: Much of what we hear in the news, or even in conversations among our family and friends, can lead us to believe that there is a strong correlation between who sits in the White House and how the markets perform. Many people are convinced their investment prospects will be sunk if one candidate or the other wins this election, but that’s simply not the case. History and market data show no correlation between the person/party of the U.S. President and the success or failure of the stock market.
So, if you’re facing serious investment anxiety because of this election, below are five tips to help you move forward into the unknown with a bit more confidence.