It’s a startling statistic. 45% of consumers with $100,000 or more investable assets expect to make changes to their investments due to the upcoming 2020 presidential election.
Second-guessing your investment strategy is natural, especially with an election on the horizon. Emotions are running high as many are divided about what may happen to the financial markets with the election just weeks away.
It’s a good time to remind everyone that investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. If you’re concerned that the upcoming election may change one of these key factors, perhaps it’s time to review your portfolio.Or, if you are concerned about one or more of the policies being discussed by the presidential candidates, please give us a call. We’d welcome the chance to hear your perspective, and hopefully, we can provide some guidance.
Making a change to your portfolio should be driven by sound analysis, not an emotional response to a current event. If the election does introduce some new economic ideas, we would review the proposals and prepare for what may come next.
I hope you found this beneficial and informational. For more information about me and my services, visit my website: www.duane.wrfa.com.
Thank you for your interest.
Duane Silbernagel is a Financial Advisor in Lincoln City, Oregon offering securities through Waddell & Reed, Inc., Member FINRA and SIPC. He can be reached at (541) 614-1322 or via email at DSilbernagel@wradvisors.com.
This article is meant to be general in nature and should not be construed as investment or financial advice related to your personal situation. The article was written by an independent third party, Broadridge Investor Communication Solutions, Inc. (Copyright 2020) and is provided for informational and educational purposes only. Waddell& Reed is not affiliated with www.newslincolncounty.com website and is not responsible for any other content posted to this website. (10/20)