There are a lot of misconceptions that spring up every four years about what presidential contests might mean for your portfolio. Most of these cause investors to worry unnecessarily. As your financial advisor, it’s my job to help you feel confident in your financial future, not anxious. So, let’s do a brief dive into three misconceptions about election season and the markets.
Name, rank, service number, and date of birth. That was the only information Donald Cook ever told his captors. Donald Gilbert Cook. Captain, U.S. Marines. August 9, 1934. Even when he was beaten, even when he was starving, even when he was sick, it was all he’d ever say.
Last year, the markets surprised many experts who had predicted a recession by having positive growth. That hot streak continued through the first quarter of 2024.
Headlines like these often bewilder new investors. But even experienced investors sometimes wonder: “What does it mean to invest in cash?” After all, we don’t usually think of the word “cash” in relation to investing. For most people, cash is the stuff you keep in your wallet. So, what gives?
Have you ever heard of the Magnificent 7? No, I’m not referring to the classic western film starring Yul Brynner and Steve McQueen. I’m referring to the seven companies most responsible for the stock market’s rise over the past year. In fact, they have played such an oversized role that it’s time to start thinking about what might happen if they were to…stop.
As this market bounces around, we must focus on “The Long View.” Countless studies have repeatedly shown, “It’s time in the market, not timing.”