Why investors should ‘stay the course’ ahead of the election

As the election lies just a month away, Kevin Keller, CFP Board CEO, joins Wealth! to discuss how it may weigh on how Americans view their personal finances. Keller highlights that there’s a lot of anxiety surrounding the election, and notes that voters are concerned about inflation. “Many still think we’re in a recession despite the fact that we’ve had four years of economic expansion,” he explains. While the presidential outlook has historically been influenced by the state of the economy, Americans today have shifted to believing that the economy is based on who is in office. He explains that when former President Trump was elected, many Republicans shifted from thinking the economy was bad to suddenly believing it was good. A similar pattern occurred among Democrats when President Biden took office. Despite the uncertainty ahead, Keller encourages investors to keep the long-term in mind. As markets fluctuate, he advises, “Stay the course, don’t do anything drastic.” He stresses the importance of working with financial advisors and planners to help you best navigate your finances and investment goals.