Episode description
Episode description
It's an election year! We will be choosing the next President of the United States later this Fall and times like this often raise a lot of questions in investors' minds.
- "Will the stock market go down is this person is elected?"
- "Should I get out entirely to avoid any turbulence?"
- "Which political party has the best track record when it comes to stock market returns?"
- "If that person get's elected, things with definitely go south."
But here's the hard part... We all have preferences and political biases. Separating our personal convictions from our investment decisions is the hardest part for most investors. Because of the need to confirm our biases, we make decisions that are detrimental to your investment success.
Hopefully this episode shows you that the President has far less impact on the stock market that you may think and that big decisions based on Presidential elections can prove to be very harmful.
Remember: We are investing in for-profit companies that provide goods and services you and I need, not a President. We are betting on those companies to find a way to sell those goods and services regardless of the current political or regulatory environment we find ourselves.
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Resources:
How Stocks Have Behaved in an Election Month
The Market & US Presidential Elections
Interactive Visuals
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