Why investors should “stay the course” before the election

With the election just a month away, Kevin Keller, CEO of CFP, joins Wealth! to discuss how this might impact the way Americans view their personal finances.

Keller emphasizes that there is a lot of anxiety surrounding the election, noting that voters are concerned about inflation. “Many still believe that we are in a recession, even though we have had four years of economic recovery,” he explains.

While in the past the president’s prospects have been influenced by the state of the economy, Americans today believe that the economy depends on who is in office. He explains that after former President Trump was elected, many Republicans went from thinking the economy was bad to suddenly believing it was good. A similar pattern emerged among Democrats when President Biden took office.

Despite the uncertainty ahead, Keller encourages investors to think long-term. As markets fluctuate, he advises, “Stay the course and don’t take drastic actions.” He emphasizes the importance of working with financial advisors and planners to help you best manage your finances and investment goals.

For more expert insights and the latest market action, click here to watch this full episode of Wealth!

This article was written by Melanie Riehl