The election-related 'fool's errand' many investors will pursue

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Scott Inman, GenWealth Financial Advisors financial advisor and host of "Get Ready for the Future Show,” joins Catalysts to discuss how the election may impact markets (^DJI,^GSPC, ^IXIC) and how investors can best prepare their portfolios for the rest of the year.

Inman believes that markets "don't really care about who is in office," noting that they have performed well and GDP has grown regardless of a Democratic or Republican administration. "So to get caught up in an ideological-driven decision from an investment perspective is really a fool's errand," he argues.

However, he notes that specific policy positions could make a difference, explaining, "When you look at what is possibly going to take place based on who is in office, those are the places you could look from an equity perspective. But I also think the overall economic environment matters more." Thus, as the Federal Reserve begins easing rates, the macro environment will improve, creating "a very good spot for bond portfolios moving forward."

As the election approaches, Inman expects more volatility, explaining that despite not caring about the winner, markets like certainty.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Melanie Riehl