Folks, just stay in touch with your financial adviser. Theyâre trained in how to deal with the natural market fluctuations that come with each new administration.
I hope to retire sometime during this administration. I canât see how a huge tax increase and massive re-regulation does not have a negative effect at the worst possible time. I will probably put a big chunck of change into something really reliable. Not sure what that will be.
So you could be months away from retirement ? At this point may just want to cash out a chunk of it and see if thereâs a crash when Biden wins (suspect not) so you can reinvest
The COVID virus and subsequent fallout has the markets walking on eggshells. My wealth management guy emails me weekly and we talk about opportunities and strategies every other week. Like many with retirement investment portfolios that lost money weâre watching things closely. So far things are positive. If âOl Joe manages to win the WH heâll still have the COVID virus affecting everyone and everything. If he pushes for raising taxes on corporations and on middle class earnings, he and his liberal-socialist handlers could very well tank the economy! But, it will of course be the fault of Donald Trump!