Try Not To Worry

Easier said than done, I know. But try not to worry about this upcoming election. Especially when it comes to your money. No matter who you are voting for or what the outcome is, this country and economy will persevere and thrive.

We’ve all been on the winning and losing end of elections and political ideologies. Sometimes your party is in power, and sometimes it is not. But our freedom to vote for and elect people we think will lead us in the right direction is what makes the United States great.

Regardless of what happens this Tuesday, November 3rd, we are going to be fine. Sure, there has been market volatility leading up to this election and there may well be some after the election. Maybe a lot more. That’s not unusual with the amount of uncertainty hanging over us right now. But the market will eventually digest whatever comes our way and we’ll move forward like we always do.

We’ve hit you with all the charts and graphs illustrating that it doesn’t tend to make much difference to the market which political party is in power, so I’m not going to pound that drum anymore. You get the point. It may seem like the end of the world if your candidate loses, but the world will keep moving and you will keep fighting for what you believe in.

Will certain industries and companies do better depending on whether the Republicans or Democrats are in power? Yes. Will a change in tax rates and policies favor certain people and groups? Count on it. Will companies adapt and find a way forward in spite of potentially negative developments? Absolutely.

As politically divided as this nation currently is, we have been through much worse. The Civil War, World War 2, September 11 Attacks, and more. Those events had the potential to sink us, but they didn’t. We survived. And nothing we’re going through now will sink us either.

This country is bigger than a single election or political party. And as much as they’d like to think they do, politicians do not control our future. We do. So try not to get too wound up over this election. You’ll wake up Wednesday morning, maybe have a cup of coffee, and digest the news.

 

Mike Minter

Mike develops investment portfolio allocations, handles trading and rebalancing, and conducts research and analysis as a Portfolio Manager and Financial Advisor for the firm. As a perpetual student of investing and the markets, Mike considers himself obsessed with the subject. Mike has earned the CERTIFIED FINANCIAL PLANNER™ (CFP®) and Certified Fund Specialist® designations. He is also an active member of the Houston chapter of the Financial Planning Association (FPA).

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