This is the $64,000 question.
What Does the Upcoming Election Mean to My Investments? This is a question I am asked at almost every meeting I have had lately. Let’s look at a few things:
Here is a graph from Kiplinger magazine about the impact of elections on the markets
My advice to you is, don’t panic. There will be some volatility, please do not try to time the markets. Remember that investments, especially your retirement investments, are for the long term. It is not as important how your investments are doing at this moment as it is to make sure they will last over your lifetime.
If you have not retired and are still adding to your retirement accounts, a dip in the markets is a gift. You will be able to purchase shares of your funds at a lower price, thus accumulating more. This could give you more shares to provide income in your retirement years.