As the presidential election nears, most Americans have firm beliefs about which candidate best suits our views and interests, and as investors we try to evaluate how different electoral outcomes may affect our portfolios. Though history does show a correlation between presidential election cycles and stock market performance, there are many misconceptions that lead economists to believe it's probably best to keep our voting and investing decisions separate.
Given the country's current state of uncertainty surrounding the pandemic and election, it is not surprising to assume markets will be volatile. We've been through these bouts before and while they tend to cause uneasiness and concern, we remind you to stay focused on maintaining a long-term perspective.
If you have questions or concerns you'd like to discuss, please don't hesitate to call our office at (518) 584-2555.
In the meantime, click here to read an article which addresses some considerations investors should think about taking into account during this election year.