I am very new to investing, and I am starting small. My question to you all is how you handle elections? I feel like I should sell everything the day before the election and buy back in after whatever windfall happens. I know that’s crazy talk, but I also know that certain sectors will drop if Biden wins. Any advice from you guys that really know what you’re doing?
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
I wouldn’t make any big move around the elections, the sentiment will probably swing wildly a few times between October and December and each of us is likely to be driven by personal biases to overreact. The economy and corporate profits won’t change dramatically from this year to next just because of a change (if there is one) at the top, though feelings will obviously be hot — strong emotion doesn’t usually make for good investment decisions.
If you want to bet your feelings about how November will go, and such bets can be hard to resist, try to keep those bets small.