Advice: Politics can influence investors in unhelpful ways, so don’t let post-election panic drive your decision-making
But the two shouldn’t mix if you’re investing for the long term.Yes, the stock market doesn’t like uncertainty. The day after this week’s midterm elections, with so many races still not settled, the benchmark S&P 500 index shed 2.1 percent. The Dow Jones industrial average and tech-heavy Nasdaq also fell sharply.
Panic selling because your favorite politician didn’t win or political party didn’t dominate is likely to harm your investment performance, because of the time you spend out of the market, Egan said.
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