Archive - June 23, 2020

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Time-Honored Investing Advice Applies During a Pandemic
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Should I Change My Strategy During the Presidential Election Cycle?

Time-Honored Investing Advice Applies During a Pandemic

In calmer, more predictable times some people find it difficult not to panic based on headlines. During a pandemic, the temptation to panic and make impulsive money moves may be even greater. Kiplinger.com offers advice to nervous investors in “How to Save Yourself from…Yourself.” 

The article says “It is only a loss if you sell it. Markets go up and they go down, but over the long run, they have always gone up.” So, before you panic and decide to sell investments that could still grow over time, consider the long-term consequences to your portfolio.

And instead of …

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Should I Change My Strategy During the Presidential Election Cycle?

A Richmond investment management company mentioned at a dinner hosted for prospective clients that they were going to be getting out of stocks entirely and going to cash in October in anticipation of the presidential general election. Recommendations to get out of the markets and go to cash are frequently made by investment managers. Every study suggests trying to time jumping out of the markets is a losing venture and yet predictions of dire market crashes perennially attract more media attention than they deserve. Let me start by suggesting that there is insufficient data to find any trends regarding election… Read More

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