by: Linda Patch @ Caliber Wealth
Hello, good Magleby folks!
I know many of you are feeling anxious about a lot of things these days. Among those worrisome issues are the upcoming elections, and concerns about what to do with your 401k investments to prepare for the next few months. The chart below, taken from the Schwab Center for Financial Research, shows that regardless of which party is in the White House, the best protection for investments is to stay the course and invest for the long-term. History has shown over and over that if you keep your eye on the long term, investments will continue to grow regardless of who wins elections.
There will likely be some volatility between now and the end of 2020, especially if there continues to be uncertainty over the election outcome, the COVID-19 vaccine and stimulus support for those in need. However, the projections for 2021 are pointing to more stability and economic growth, so let’s hang in there and let the good times roll!
Please let me know if you have any questions or concerns about your 401k or preparing for retirement.