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Ask Dave

Stock Market And The Election?

The election shouldn't impact the stock market. Washington won't solve your problems or grow your money.

QUESTION: A listener asks how the election will affect the stock market?

ANSWER: It really shouldn’t matter because you’re not investing for one two or three-month period based on an election.  You also don’t invest for the short-term for three or four years based on who’s president.  You invest for the long-term - a minimum of five years – or you don’t mess with mutual funds.

We may see an upswing in the months ahead because an incumbent has been re-elected, but that shouldn’t matter in the long run.  You should invest in America’s best companies for the next 10-15 years, putting your money in mutual funds.

You shouldn’t look to Washington to solve your problems or grow your money.