This week, I’m talking about investing in an election year. 

Today, I’m talking about the likelihood for higher volatility in the days and weeks ahead. 

Some people are so fearful about what lies ahead politically, that they make big changes to their portfolio. Maybe you’ve decided to go out and buy a few guns and while you’re at it, put all of your IRA into gold. 

Allowing fear to dictate your decisions is almost always a mistake, especially when it comes to investing. 

So the worst thing you can do is abandon your long-term plans during or after a presidential election. 

As I’ve mentioned earlier this week, you need to pay attention to a few things and make some changes if necessary while you still have time - especially when it comes to taking advantage of today’s tax environment, but outside of planning and making sure you don’t have all your eggs in one basket with a particular stock and a particular industry, an election year is not a time to abandon your long-term plans by going to cash or putting everything in canned food, gold coins, and lots of guns.

While it is natural and normal to want to protect yourself in times of uncertainty, keeping a cool head and thinking rationally will always help you make smart decisions that don’t include abandoning your long-term strategy. 

Instead, the best investors look for opportunities in times of chaos and uncertainty. Where are those areas of opportunity? Perhaps in particular industries or types of stocks - like international or high-quality dividend stocks. Or as I just mentioned - opportunities in tax and estate planning. Keep your eyes open to opportunities and you’re more likely to come out ahead in the long-run.

That’s it for today, thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip. 

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