In the upcoming election, millions of Americans will vote with their wallet. After all, the party in office has a material impact on citizens’ finances, from tax rates to retirement plan policy to Social Security to student loan forgiveness.
You’d be wise to factor in where potential lawmakers fall on these issues when considering how you’ll vote. But don’t worry about how a particular candidate might affect the stock market, says Ryan Detrick, chief market strategist at the Carson Group.
“Do not let politics mix with your investments,” he told CNBC Make It. “A lot of people didn’t like President Obama. A lot of people didn’t like President Trump. A lot of people don’t like President Biden. The stock market did just fine under all three of them.”
Here’s what he says you should actually pay attention to — and what you should ignore.
Investors: Don’t sweat elections results
In a recently published note…