There were numerous predictions depending on the outcome of the presidential election. Will it matter for stocks if Trump or Biden wins? No one really knows. This election has been one of the most contentious if not the most contentious election in our history.
So far, the stock market has had a very positive response to his election. Will this continue? I really have no idea. And no one knows with any degree of certainty.
More than at any time in our history….we need strong leadership.
That said, we must stop listening to the Wall Street bullies regarding what to do with our portfolio. Should we sell? Should we buy? What should we buy? What should we sell? The Wall Street bullies don’t really care. All they care about is that you trade. Most investors don’t know what to do.
As an example, one of the predictions about what to do and when. Jim Cramer says buy. But his track record is very poor. Maybe we just do the opposite of anything Jim Cramer recommends. Then again Jim Cramer might get lucky this time and be right. No one knows for sure, not even Jim Cramer.
Remember the main reason for his TV success is his entertainment value. Following his investment advice will lead to poor results.
All that you know for sure is what the brokerage community or financial press wants you to know. They have trained you to accept their version of reality – over the span of your entire life.
There is a complete body of investing knowledge developed in the halls of academia.
Most people do not even know that it exists. This is the real wisdom you need to create wealth and abundance.
Rather than looking for the next great trade or asset class, invest in a portfolio based on Nobel Prize winning research. Instead of researching investments, your time will be much more efficiently spent on improving your job skills, or learn a new skill set leading to a new career, or even better, spending time with the important people in your life.
Perhaps you should look at your investments with a goal in mind rather than short term performance results.
Taking a long term view of your portfolio will reduce and perhaps even eliminate your anxiety. Remember a disciplined saving strategy will outperform all trading strategies, long term.
Take control of your investments don’t empower the Wall Street bullies.
Successful investing requires discipline along with following three simple rules, own equities…..globally diversify…..rebalance.