With today’s presidential election, investors have a choice. Depending on your viewpoint, you might even call it the investor’s dilemma…
Do you want to be right? Or do you want to make money?
In other words, is your opinion the most important? Or is the stock market’s opinion of your opinion a better — meaning more profitable — measuring stick?
How you answer this question will in many ways influence whether you can consistently make money in the stock market or not.
Since it’s Election Day, here’s an example. Being right means believing the stock market must go up — or down — in a big way… for weeks and months at a time because one party or the other won the White House… control of Congress… or both.
As CNBC noted in a recent article, since World War II, when a Democrat was in the White House, the stock market made average annual gains of 11%… compared to 7% with a Republican president.
But here’s the investor’s dilemma and the rub: When Republicans held the House of Representatives, where the U.S. sets its spending priorities, those numbers were almost exactly reversed.
Similarly, being right means believing the stock market must go down — or boom higher — because of recent economic data. Or because of what we see happening in our communities, states, regions and in the national economic picture.
I can’t tell you how many times in my investing career people have told me the stock market is a goner. A bear market is right around the corner. There’s a bubble and it’s going to pop in the next 24 hours, week, month or quarter.
I don’t know how many times I’ve thought that myself… only to be proven wrong as many times — if not more — than I’ve been proven right.
That’s why when people ask me which candidate I prefer, President Donald Trump or former Vice President Joe Biden, I have my own opinions. But as an investor I say ultimately…
It doesn’t matter.
Check out my short video below and I’ll explain the investor’s dilemma and why it ultimately doesn’t matter who wins. Then leave a comment below and share your thoughts.
You can also find more election coverage from WealthPress Head Trader Roger Scott here.
And sure and sign up for our WealthPress 2020 Election Summit. For just $7, you can follow along with our election coverage and learn how to profit… no matter who wins!
P.S. Have You Prepared for an Election Correction?
This week’s election will set the tone for the stock market over the coming months.
One specific sector will experience a massive surge if Trump wins … and a completely different sector will experience explosive growth if Biden wins.
Who will be crowned the victor is anyone’s guess, but the time to start preparing is now. That’s why we’d like to personally invite you to the WealthPress 2020 Election Summit.
In it, you’ll learn exactly how to get ahead of any upcoming market volatility — and how to make life-changing gains from this year’s election results.