Avoid this money mistake — even with interest rate cuts, uncertainty
Consistency and long-term planning may be the key to reaching financial goals, even amid economic and political instability.
Election years normally bring uncertainty for constituents, investors, and financial markets. While each and every presidential candidate's policies may impact the economy, the long-term effects on investment portfolios are likely negligible.
The S&P 500 tends to enjoy positive gains at some point of the months earlier than and instantly following a presidential election, no matter whether a Democrat or Republican has won the presidency.
On account of this, staying not off beam along with your big-picture investment strategy is more a fine option than changing your investment portfolio in line with short-term factors.
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