Planning Your Finances During An Election Year

Planning Your Finances During An Election Year

Financially with an upcoming election.

3 3 probably going to be to do less well i think that the bottom line is that investors should always be prepared for volatility it's a feature of the market's not a bug i am election cycles was certainly no different i'll be tennessee volatility spike as we get closer to the election but that's mainly because the market hates uncertainty and what we've done is we've studied every pass selection in the markets results so what you can i think the biggest takeaway was maybe more surprising was the fact that the market was generally different.

So whether or not there was a republican or democrat in office it cared more about what's happening in the economy so it cares more about the fundamentals like economic growth earnings and interest rates rather than who's running the white house which was pretty probably more surprising but if you look back at every election since nineteen twenty eight market was up 74% of the time during election years.

To the tune of about seven point 1% on average in the 26% of the time that it was not it was in the red or or markets works losses you have to do with what was taking place in the economy so in nineteen thirty two was the great depression- nineteen forty world war two two thousand it was the tech bubble two thousand eight it was a great recession again not who was in office at that time what was taking place.

From an economic standpoint and i just think that workgroup yet again if you don't have a financial plan in place you're gonna lack of framework tank convictions your portfolio how you that's why investors sort of way human behavior is gonna take a at some point it being six be made i understand it's been a very tough year so if it's keeping you out night it is not a good to.

That planets take risk off the table but i would make drastic changes because the odds are just not in favor- if you were to go to cash in and experience the market was gonna was going to fall.

So the key take aways or have a plan to work with thank you sherry someone that has that in right and it find a local or or abroad it registered hide firm to partner i thank you guys keep recirculate.

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Ritholtz wealth management it's r.

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Ltz are we're based out of new york city but i have an office here.

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