Will the Election Tank the Market?

Transcript

Hi, I'm Jeff with Sorensen Wealth Management and I'm here to help you stay level headed even times of chaos.

The 2020 election is coming up fast and I have had worried folks ask me, probably the number one question I've been asked lately is "will the election tank the market?"

So, in this video I will give you three things to keep in mind so you can plan for uncertainty.

As we all know, 2020 has been wild to say the least, and the upcoming election could be one of the most divisive races we've ever seen. Then you add a pandemic, confusing market trends...you know, its no wonder people worry.

But I have a suggestion. Lets trade panic for perspective. So here are three ways we can prepare for election uncertainty.

Number One, It's normal for markets to be volatile in elections years. But remember, other factors are always at play, like business cycles, interest rates, corporate profits, and of course, unpredictable events like the pandemic.

So what can you do?

Take a deep breath and focus on the post-election period.

So if you want, I can help you create a plan to pursue long term success no matter who wins in November.

Markets, number two, don't like volatility and they don't like surprises, so it can expect things to be a bit bumpy in the short term, especially in the weeks before and after the vote.

And then finally, number three, regardless of who wins, the government will be focusing on the virus and the country's economic recovery. We don't know what this will look like or how quickly things will happen, but with some preparation now I can help you create a financial plan that accounts for this uncertainty.

And, most importantly, you can be less worried about your portfolio.

Listen, I don't have a crystal ball, but I do have do have he advantage of knowing what happened in the past and being able to prepare for what could happen in the future. While the past cant predict the future, we can look to it for perspective.

So, if you have any questions about how the election might affect your portfolio or you would like to talk one-on-one, please use the form below.

I'll respond personally.