Politics & Your Money
By Luma Wealth on November 3, 2020
And the winner is….YOU!
Wherever you stand on the political spectrum and regardless of how you voted in the election, a vote for your future (by investing for the long run) makes you a winner.
History shows that stock prices have increased under both Democratic and Republican leadership, suggesting that regardless of whether President Trump or Vice President Biden wins today’s election, it’s a good idea to stay invested.
In addition, history shows that time in the market is more important than timing the market. As you can see in the chart, below, if you missed the ten best days between 2000 and 2019, you would have earned less than half the total return you would have otherwise received by staying invested in an S&P 500 Index. Had you been out of the market for the top 30 days, you would have realized a negative return. Even during times of market volatility, like the ups and downs we experienced earlier this year, the best bet is to stay invested.
There are many ways to take control of your future, and voting is one of them. You can also join us for Financial Fitness Solutions for WomenTM this Friday, and learn more about empowering your wealth plan.