We are firmly into the 4th quarter of 2020 and rapidly approaching the 2020 Presidential election. Our firm has noticed that investors tend to get nervous or avoid making any changes near an election. We have two words for investors: Stop Worrying. No matter what the outcome is for the 2020 election, the US will continue to prosper.
Democrats and Republicans alike both spend money, they just focus on different areas to spend it. So, depending on the outcome, our firm will make portfolio adjustments accordingly. Things to keep in mind: The COVID-19 shutdowns have created a lot of pent-up demand which is going to be released as we move into 2021 and the next 3-5 years. That demand is going to provide a major boost to the US economy and the US could see a GDP growth of 5-8%.
Remember: Market Volatility is normal and expect there to be some in the coming weeks both before and following the presidential election on November 3rd. Make sure your portfolio is positioned properly and if you have questions, give us a call (800) 618-8577.