This year, 2016 has proven to be another year where you can’t escape the constant back and forth of political commentary on social media and the news. No matter which candidate you are for or against, there is constant rhetoric about what is predicted to happen if so-and-so wins the election. With that being said, emotions are high and can cause people to make rash or potentially unwise decisions. If you are looking to make some investments at this time but are unsure about the results of the election and how it will play a role in your potential investment, you need not worry too much.
Election Investment Fear
As all elections are emotional, people tend to get a bit worked up about whether or not the election season is a good time to make financial investments. Even though there are not definitive answers about who the next President is going to be, there are still ways in which you can make successful long-term investments for your future. Patterns have shown that with every transition of the Oval Office there is a dip in the economical market the following year. Then, historically, the market returns back to normal once the emotions calm down and things start to settle down.
Working According to a Plan
Emotional investing is not the best way to go, even if you have confidence in your candidate’s ability to win the Presidential race. In all reality, the election season is a perfectly good time to invest compared to any other time of the year. You just want to keep your emotions out of it and seek out an advisor’s help to create a strategic long-term plan. A successful investment strategy is all about creating a plan that correlates with your goals, timeline and your risk comfort levels. When you are creating a long-term financial plan, you can bet that you are likely to make money over time regardless of who is sitting in the Oval Office next term. History has shown us that there has always been growth over the long haul in our economy. So being shortsighted with your investing is not the best way to develop your financial investments for future success.
Partnering for a Brighter Future
Getting caught into the emotional rollercoaster of an election season can really cloud ones vision of making the best financial decisions. Partnering with a financial advisor is the best way to make sure you are getting sound counsel and guidance when making investment decisions. A professional finance advisor or coach has a clearer view of what the market is actually like and how history has proven itself again and again. By teaming up, regardless if it is election season or not, with someone who knows what they are doing is going to help create the best strategy to optimize your return on investment in a way that is most comfortable for you.
If you are ready to begin or reevaluate your navigational pathway for your finances and set the sail for a smoother retirement, contact GPS to begin that conversation.
Securities offered through Securities America, Inc., Member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc. GPS Wealth Management and Securities America are separate companies. Securities America and its representatives do not provide tax or legal advice; therefore it is important to coordinate with your tax or legal advisor regarding your specific situation. The opinions and forecasts expressed are those of the author, and may not actually come to pass. This information is subject to change at any time, based on market and other conditions and should not be construed as a recommendation of any specific security or investment plan. Past performance does not guarantee future results.