Good morning – it is the morning after and democracy has been in action and there was a surprise result, at least as far as the markets are concerned. I know that many of you may have anxiety over the market’s reaction. But this may be our Brexit a moment.
What happened in Brexit? Markets initially sold off and then rallied. It was all over emotions and fear.
Markets were selling off much more significantly last night as the initial election results came in. Since then they have moderated.
In the short-term elections means little to actual market returns. I believe this will be the case this time.
So, for those of you that are long-term investors, retired, adding to your 401(k) there is nothing to do but sit and wait for Mr. Market to come to his senses. Don't sell your good companies and don't make any knee jerk reactions. Now is the time to stay calm and let others do the worrying.
We live in a great country, and regardless of your political feelings, it will prosper in the near and long-term future. Betting against the US economy has been a bad bet for 240 years.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.