Up & Coming Weekly

October 27, 2020

Up and Coming Weekly is a weekly publication in Fayetteville, NC and Fort Bragg, NC area offering local news, views, arts, entertainment and community event and business information.

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WWW.UPANDCOMINGWEEKLY.COM 16 UCW OCTOBER 28-NOVEMBER 3, 2020 Election Day is less than a week away. As a citizen, you may feel the results will affect many aspects of life in this country. But as an investor, your situation pro- bably won't change after the votes are counted. No matter who wins, the finan- cial markets may well show some politically driven volatility, but that often happens around elec- tions, and it typically doesn't last long. But what about the longer term? How might changes in poli- cy and new legislation affect your investment outlook? To begin, keep in mind that many campaign promises remain just that — promises. And even when some of them are enacted, any ultimate legislation may be quite different from what was proposed on the campaign trail. Still, sometime in the future, we could see election-related changes that could affect your investment strategy. For example, over the years, we've seen many adjustments in the tax rates of capital gains and stock dividends, and it's likely these rates will change again one day. When that happens, you may need to look at the equities portion of your port- folio to see if you want to make some adjustments. Many other changes, though, are hard to predict. It's possible that future legislation could affect specific industries, either posi- tively or negatively. Such moves could also inf luence the way you look at certain investments, but if you have a diversified portfolio that contains a broad mix of stocks, bonds and other securities, any actions affecting one particular industry probably won't cause you to significantly adjust holdings invested in other sectors. In any case, while it may be a good idea to keep an eye open for things like tax rate changes or how new policies may affect diffe- rent market segments, your main emphasis, in terms of your invest- ment decisions, should remain on your goals and what you need to do to achieve them. At least once each year, review your portfolio carefully to make sure your investments are aligned with your goals, whether they are short-term (a new car, a long vacation and so on) or long-term (such as college for your children or a comfortable retirement). Periodically, depending on what's happening in your life and the progress of your investment port- folio, you may need to evaluate your goals to ensure they're prio- ritized appropriately to help keep you on track toward achieving what's most important to you. Over time, your goals may change, too. Perhaps you've decided that instead of retiring early and traveling around the world, you now want to turn your hobby into a business. Changing this goal may require a different investment strategy. Or you might change your mind about where you want to live – instead of stay- ing in your home, as originally planned, you might downsize and move to a different area. Your goals may change in many ways, all of which may warrant upda- ting your investment strategies. Here's the key point: You're the one electing to make these chan- ges. No matter what happens in this or any other election, be sure to "vote" for the strategies that have the potential for a winning outcome. MONEY Vote for a solid investment strategy submitted by DEBBIE BEST Elections usually cause the f inancial markets to show some politically driven volatilit y, but it t ypically doesn't last long. DEBBIE BEST, Financial Advisor at Edward Jones Investments. COM- MENTS? 910-488-7535 FREE HEALTH CARE • for uninsured Adults call 910.485.0555 *Oer valid only while supplies last. Limit one per household. Must be first time purchase. Minimum spend amount applies. Financing subject to third party credit approval. Some financing options cannot be combined with other oers and may require minimum monthly payments. All oers subject to change prior to purchase. See AmericanStandardShowers.com for other restrictions and for licensing, warranty, and company information. CSLB B982796; Suolk NY: 55431H;NYC:HIC 2022748-DCA. Safety Tubs Co. LLC does not sell in Nassau NY, Westchester NY, Putnam NY, Rockland NY. ENJOYING A NEW SHOWER IS EASIER THAN YOU THINK NEW SHOWER DESIGN FREE IN-HOME DESIGN CONSULTATION-CALL TODAY 150 YEARS OF EXCELLENCE newshowerdeal.com/up | 877-545-2439

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