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(FinancialHealth.net) – We’ve watched the stock market fluctuate drastically throughout the course of 2020. Now, just about two weeks out from the November elections, those looking to invest have one question – buy stock now, or wait?
The answer is incredibly complicated. Presidential elections and the resulting administrations play a huge role in the way the country’s fiscal policy develops. The result itself, and backlash from the losing party, can also impact the market.
So what’s the answer? Invest now, or wait? According to McDowell News, it may be better to look at your portfolio’s long-term potential. The market always has the potential to move, but depending on market timing – especially near an election – could cause you to lose out on potential opportunities for growth. According to Warren Buffett, “If we think a business is attractive, it would be very foolish for us to not take action on that because we thought something about what the market was going to do.”
In other words, waiting for election results may or may not cause you to miss a great opportunity, but shouldn’t be the only factor. Take your own personal experiences, portfolio, and especially the advice of your financial advisor into consideration as well.
~Here’s to Your Financial Health
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