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re: Are the markets foreshadowing a Biden victory? Some wealth management folks believe so.
Posted on 10/31/20 at 10:51 am to Jp1LSU
Posted on 10/31/20 at 10:51 am to Jp1LSU
quote:
The market won’t like it if there appears to be a month long process of figuring out the election. If there is a clear winner the market won’t care much. No serious financial advisor ever suggests cash as a safer and better long term position. Time in the market is better than trying to time the market.
Agree, I'm running 50/50. If the election is undecided and drawn out I'll stay put, if Trump landslides I'll start buying back into a 70-80/30-20 mix, if Biden wins I'll have to look at where his anti America policies are forcing investors. If Biden wins Silicon Valley is a sure winner and whatever companies are wrapped up in AOC's New Green ripoff are going to do well too. If Trump wins I'm back full steam into O&G.
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