Anyone have any election moves in mind? It's mostly too late for the obvious sectors IMO. I am going to stick to my plan and mostly just look for bargains and tiny adds should they occur, as if it's most any other week. The market hates the unknown so a contested election is probably trouble for some time period. I am on my fifth president and Bush W was the only term I can say was bad. Even then, just accumulated those 8 years and it's all good in the end. I am a Republican, and I keep hearing proclamations that DEMs will crash the market for sure. The past doesn't support that conclusion. Not even close to my reality. I'll wait for the next dip and adjust for the winner to some degree. Most good DGI stocks will be fine if you do nothing. There will be a stimulus in the coming months and the market is addicted to FED printing. That will probably be a good trade, or a time to adjust holdings. Doing absolutely nothing is a rational plan IMO.
If I have a message, it's pay attention but don't let your politics play too big of a role. A good politician rarely completes even half his campaign plans. I'm not a Trump fan at all, but IMO he attempted to do WAY more than average. China is a good example. He sure kicked it up, but how much has really changed, and will it last the next time there is a party change? Seems to me Obama terrified Pharma and health insurance? Not so much happened to my stocks. Seems to me it's rare when it doesn't take 8-10 years to make a big change in how US companies grow profits. The GOV is not going to put GOOGLE, FB, JNJ or even XOM out of business. Killing jobs will get you defeated in the next election, and halfway through a term that is all they care about.
I type too much here but hope this might be a calming post to a younger investor. The sun is gonna rise on your portfolio Wednesday, and many Wednesdays thereafter. Over time there will a lot of great investment Wednesdays.
If I have a message, it's pay attention but don't let your politics play too big of a role. A good politician rarely completes even half his campaign plans. I'm not a Trump fan at all, but IMO he attempted to do WAY more than average. China is a good example. He sure kicked it up, but how much has really changed, and will it last the next time there is a party change? Seems to me Obama terrified Pharma and health insurance? Not so much happened to my stocks. Seems to me it's rare when it doesn't take 8-10 years to make a big change in how US companies grow profits. The GOV is not going to put GOOGLE, FB, JNJ or even XOM out of business. Killing jobs will get you defeated in the next election, and halfway through a term that is all they care about.
I type too much here but hope this might be a calming post to a younger investor. The sun is gonna rise on your portfolio Wednesday, and many Wednesdays thereafter. Over time there will a lot of great investment Wednesdays.