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The U.S. presidential election is barreling towards us.
Here are fourmoney moves to make the week before the election, according to experts.
If youve got stocks that have run up, take some profits.
Cash gives you flexibility.
If the market dips after the election, youll be ready to jump on some bargains, he advised.
These stocks might not make you rich overnight, but theyll hold up if the market gets… shaky.
Materazzi also suggested investors stick with dividend-paying stocks.
When the markets uncertain dividends provide asteady cash flow, he said.
You get paid even if the stock price bounces around.
Look for companies with a strong history of paying dividends.
Investors should not concern themselves withbroad market movesor the crisis du jour, he explained.
The expert concluded, Investors should take along term approachand stay the course.
Stick To Your Long-Term Investment Plan
Think long-term: the election is just one event, offered Materazzi.
Great companies keep growing no matter who is in office.
If the market drops, thats a chance to buy good stocks at a discount.
Thats how you make real money.
Robert Persichitte, an affiliate professor at Metropolitan State University of Denver, shared this story from 2016.
U.S. dollar futures went down any time Trump started moving ahead in the polls.
The market signaled that a Trump presidency would hurt international businesses, he said.
To everyones surprise, the stock market opened to huge gains.
Bottom line is that investors should not change course with a major election coming up, agreed Johnson.
The markets unpredictable… especially around elections.
Stick with solid businesses you understand.
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