Well today is election day. A long waited and anticipated election. Controversy seems like an understatement. Regardless of which side you favor. You have to be happy its almost over. At least I hope its almost over!
I received many calls telling me that they want out of the market if this guy wins. They believe the markets will crash. Well let me tell you a little secret. The market does not care who wins. There may be short term volatility. But in short order we will get back to normal.
OK this year nothing is normal. COVID has everyone gripped in fear. No one likes the unknown.
But we must be reminded, the equity markets are random and unpredictable.
If you have a properly diversified portfolio at the correct level of risk you have nothing to fear. The markets will go down on occasion, but they always recover.
What we cannot do is predict what sectors will over perform and which sectors will underperform.
The days ahead may be quite volatile. But have comfort in the fact you are invested for a long-term goal. And a properly diversified portfolio is your friend.