Election Day is Tuesday, Nov. 5, and the uncertainty can present pitfalls for investors.
“There are a lot of emotions involved,” says Dan Lefkovitz, a strategist with Morningstar Indexes and co-host of The Long View podcast. “It’s also really hard to predict the results of an election, what sort of policies are going to be enacted, what the market reaction is going to be.”
Although investors’ instincts might be to race to prepare for these developments, that’s not always the best course of action.