It should come as no surprise that the economy is the most crucial issue in the upcoming election.
But here’s something that may surprise you. More than 90% of investors say they plan to change their portfolio in the 12 months following the election.1
Some are preparing to adjust their stock holdings. Others are looking to adjust their bond positions. Some say they expect to boost their cash portion. And others consider doing “something else financially” as a result of the election.1
During each election cycle, it’s common to see surveys that ask investors, “Do you plan to make any changes to your portfolio as a result of the election?” It’s only the confident, bold, and patient investor who answers, “No. I don’t plan any changes.”
Second-guessing your investment strategy is natural. And especially with an election on the horizon. Emotions are running high as investors consider each presidential candidate’s positions and how they may influence the economy.
But this election cycle, challenge yourself to be confident. To be a patient investor who knows that investing involves risks, making decisions based on your goals, time horizon, and risk tolerance. Be the bold investor who knows that sound analysis should drive portfolio decisions, not a knee-jerk reaction to a current event.
At Epic Capital, we have recognized the delicate balance between politics, the economy, and investing in a volatile environment. If you’ve been following our Epic Market Minute Videos, CERTIFIED FINANCIAL PLANNER and Financial Advisor Ed Doughty has been tying those three themes together. Our most recent one was titled “Dry Powder Turns Fear into Opportunity” and touches on the broad-based market sell-off only a week before the election.
For additional insights and resources, be sure to sign up for our Weekly Market Commentary, follow our YouTube channel. We regularly post our Epic Market Minute videos, follow us on LinkedIn, or like us on Facebook. And as always, please don’t hesitate to reach out to a dedicated service professional at Epic Capital.
As a parent, of course you want to give your child the best opportunity for success, and for many, attending the “right” university or college is that opportunity. Unfortunately, being accepted to the college of one’s choice may not be as easy as it once was. Additionally, the earlier you consider how you expect to … Continue reading “Countdown to College”
New inherited IRA rules took effect on January 1, 2020. The Setting Every Community Up for Retirement Enhancement (SECURE) Act became law on that day, altering the regulations on inherited Individual Retirement Account (I.R.A.) distributions. The big change: the introduction of the 10-year rule for beneficiaries. Most people who inherit a beneficiary IRA now have … Continue reading “The New Inherited Beneficiary IRA Rules”
How do you picture your future? If you are like many contemplating retirement, your view is likely pragmatic compared to that of your parents. That doesn’t mean you must have a “plain vanilla” tomorrow. Even if your retirement savings are not as great as you would prefer, you still have great potential to design the … Continue reading “Retirement Seen Through Your Eyes”
At this time last year, it was still unknown that a deadly global pandemic was on the rise, eventually stalling economic growth and sending crude oil prices into negative territory. But recently, oil prices have surged, with crude hitting highs not seen since before the pandemic.
It can be easy to overlook the nation’s solid economic fundamentals when the financial media splashes stories every day about an army of amateur traders, short-selling mania, and initial public offerings (IPOs) that double in price on the first day of trading. But a recent survey by The Wall Street Journal showed just how upbeat … Continue reading “Economic Predictions: What Lies Ahead?”
Epic Capital provides the following comprehensive financial planning and investment management services: Learn More >