Hi, I’m Jamie Lima with Woodson Wealth Management, and I’m here to help you stay level-headed — even in times of chaos.
The 2020 election is coming up fast, and I’ve had worried folks ask me: Will it tank the market?
In this video, I’ll give you three things to keep in mind so you can plan for uncertainty. 2020 has been wild, to say the least. And the upcoming election could be one of the most divisive races we’ve ever seen.
Add a pandemic, confusing market trends, and it’s no wonder people are worried. But let’s trade panic for perspective.
Here are three ways we can prepare for election uncertainty:
1. It’s normal for markets to be more volatile in election years. But remember, other factors are always at play, like business cycles, interest rates, corporate profits — and, of course, unpredictable events like the pandemic. So what can you do? Take a deep breath and focus on the post-election period. If you want, I can help you create a plan to pursue long-term success, no matter who wins in November.
2. Markets don’t like volatility, and they don’t like surprises. So we can expect things to be a bit bumpy in the short term, especially in the weeks before and after the vote.
3. Regardless of who wins, the government will be focusing on the coronavirus and the country’s economic recovery. We don’t know what this will look like or how quickly things will happen. With some preparation now, I can help you create a financial plan that accounts for this uncertainty — and you can be less worried about your portfolio.
Listen, I don’t have a crystal ball. But I do have the advantage of knowing what’s happened in the past, and being able to prepare for what could happen in the future. While the past can’t predict the future, we can look to it for perspective.
If you have questions about how the election might affect your portfolio or you’d like to talk one-on-one, please use the form below to drop me a line. I’ll respond personally.
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