Staying the Course During a Presidential Election Year

Our colleague, Buckingham's Chief Investment Officer Kevin Grogan shares investing considerations to keep in mind as the 2024 presidential election approaches.

As Election Day moves closer, it’s common for investors to start thinking about making changes to their portfolios. Even though market volatility tends to increase around elections, the markets have generally delivered positive returns on average in election years. Historically, there’s been no significant difference in market performance whether Republicans or Democrats are in charge. And although different administrations might introduce policies that impact sectors in varying ways, predicting which ones will benefit is difficult. The key takeaways for investors are to remember that market volatility around elections is normal, avoid letting your political biases influence your investment decisions, and stick to a long-term, diversified strategy.

Beacon Hill Private Wealth is an independent, fee-only, fiduciary investment advisor providing evidence-based wealth planning solutions that simplify our clients' financial lives. Founder Tom Geoghegan, CFP®, CIMA®, CPWA®, RMA® is also a member of the National Association of Personal Financial Advisors (NAPFA).      

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