The Polls and Your Portfolio HOW DOES THE ELECTION AFFECT MY PORTFOLIO?
As Americans head to the polls to exercise their right to vote in the presidential election, they bring many issues and beliefs with them. For some voters, these include questions about their portfolio and how the winner of the election could impact their savings, retirement, and ultimately, their future.
Remember, the market responds to reaction, and whom we elect to Congress and how they legislate more directly impacts our lives than the president.
The answer, many financial analysts say, is not much.
The pandemic that has rocked 2020 has given us plenty of lessons on market
Analysts have found that the market has remained stagnant in the year leading up to an election for the past 100 years. Although there hasn’t been any significant change to warrant concern, voter concern over uncertainty tends to be reflected in the market. After the ballots are counted and a president- elect is chosen, the market may see a downward trend if a new president (not incumbent) takes office. Again, this is likely due to uncertainty and concern. Still, the market always ebbs and flows, and most presidents leave office with normal markets. However, what impacts your portfolio more may be congressional elections, which decide who our lawmakers are. Law creation, divided government, and responses to those laws influence portfolio performance more than most presidential elections.
volatility. As COVID-19 swept across the U.S., many residents had to shelter in place while industries shut down for an unprecedented hiatus. Financial planners and analysts encouraged patience to allow this storm to pass while they tried to identify long-term change. As we’re still recovering from this pandemic, so is the market, which could have an influence on the correlation between the election and the stock market. That said, if the past 100 years are any indication, you have little to worry about. Whoever occupies the Oval Office in 2021 will have very little influence on your portfolio. Your best financial strategy is to do the same thing you’ve been doing throughout the pandemic: Remain patient.
Take a Break!
Inspired by FoodAndWine.com
Cinnamon-Spiced Candied Sweet Potatoes These candied sweet potatoes will make your family beg for more!
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DIRECTIONS: 1.
4 lbs orange-fleshed sweet potatoes, peeled and cut crosswise into 2-inch pieces, then cut lengthwise into 1-inch wedges 1 cup light brown sugar, packed
Preheat oven to 350 F.
Place sweet potato wedges in a 4-quart baking dish. Sprinkle sugar, salt, and cloves over sweet potatoes. Dot with butter and place cinnamon sticks around sweet potatoes. Bake, turning every 15 minutes, until sweet potatoes are tender and the liquid is syrupy, about 1 hour and 15 minutes. Remove from the oven and let stand for 10 minutes. Discard cinnamon sticks and serve.
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1 tbsp kosher salt
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COBBLER CRANBERRY ELECTION FOOTBALL NOVEL SAGITTARIUS
THANKSGIVING TOPAZ TURKEY VETERANS
1/4 tsp ground cloves 1/4 cup unsalted butter, cubed 4 (2-inch) cinnamon sticks
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VOTING WINDY
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