I think if you are concerned about election risk, you are best off selling now rather than waiting for the post-election volatility.
Absolutely true. I did that a few weeks ago. I am tired of earning the same money over and over again. I converted 2/3 of the portfolio into bonds and have just about broke even, or a little ahead over the past 4 weeks.
My first concern is the turmoil approaching regardless of the election outcome. No matter who wins, there will be legal battles and uncertainty.
Covid also drives uncertainty. Will there be a second wave this fall? Will there be a viable vaccine? Are the fearmongers controlling that narrative? The stock market dives under uncertainty.
My second concern is if biden wins, the whole economy will shift away from the standards that brought a bull market during Trump.
There is also a concern that the value of a stock portfolio will be diminished if the dimrats mess with the IRA/401 process and/or social security.
These effects will go way beyond the spring and summer of next year if the dims win.
If Trump wins but the republicans lose control of the senate, there will be never ending attempts to impeach him and the country's business will take a back seat for at least the next two years.
If Trump wins and keeps the senate, then I am full bore back into the market. It will roar. What I will have lost is the difference from now to then, but I will have the opportunity to make big gains to compensate for that.
I look at it sorta like the Founders did. They pledged their lives and fortunes rolling the dice against the largest army in the world at the time. America has been blessed by God.
Last Feast of Atonement, we fasted and prayed for our country with Jonathan Cahn. If Biden wins, it means America is being judged for abortion and sodomy. If Trump wins, we will have a reprieve for at least 4 years. I pray we will repent by then.
We cannot expect to continue to be blessed if we keep sacrificing our children to Baal and Sodom is our example. Jesus said He would come to judge as it was in the days of Noah and Lot. I'm afraid there is no protection or safe play with this future we face. In the Last Days a loaf of bread will cost a day's wages. Is it the Last days? We are about to find out.
Remember 9-11? Churches were full for a few months but then relaxed and went back to their old lives. If Trump wins, the markets will continue to expand, but if we won't repent, the next judgement will come and it will be worse. Israel denied Judgement for about 500 years until Assyria took the northern Kingdom and Babylon took Judah and the Temple was destroyed. If you want to see what God thinks about us, read Ezekiel 16. Solomon is a type and shadow for the Antichrist. It wasn't until Josiah, and 18 year old boy king that Israel repented.