Election Watch: Where to Invest $1,000 Right Now
The presidential election is the biggest topic in the news right now, aside from COVID-19. It can be easy to get hung up on the noise. While federal policy, party majority, and the person in the White House can hold some sway on markets, it's important to maintain focus on investment fundamentals. Managing risk and investing in stocks that are doing well, regardless of politics, are still the most important factors.
The election isn't everything. Through time, the S&P 500 has only gone up. You want to focus on investments that carry appeal regardless of whether President Donald Trump or Democratic presidential nominee Joe Biden wins the White House.
Example: Climate change has energy stocks under the microscope. In terms of rhetoric on the issue, there is a clear distinction between the positions of Joe Biden and Donald Trump. Trying to make investment decisions within the industry based on the outcome of these two candidates is short sighted.
Source Fool.com
