|
Who am I going to vote for?
No one. Because I am a UK citizen and cannot vote in the US election 😂
Interesting fact, in Australia if you don’t vote you get fined. This ensures everyone votes and means (you would hope, anyway) that people take more interest.
How will the election result impact my investing approach?
If Kamala Harris wins, my plan is to continue to invest monthly into global index funds. No change to my approach.
But if Donald Trump wins, my plan is to also continue to invest monthly into global index funds. Once again, no change to my approach.
Sorry - probably a bit anticlimactic to what you wanted.
Many other people and media outlets will spout extreme headlines such as ‘I’m selling everything if Harris wins as the economy will crash’ or ‘I’m moving overseas if Trump wins as he’ll destroy the country’.
It’s clickbait bullshit. But of course people still click, which is why it continues to happen.
But coming back to my personal approach of continuing to invest into global index funds - that is the reality of long term investing and my investing approach as a global index fund investor.
Don’t get me wrong, whoever wins will have direct repercussions on the stock market.
There will be impacts on taxes, tariffs and quotas, prices of domestic and international goods, employment and jobs, wages, and more, which will all feed into the stock market.
But it’s all short term noise.
What really matters is that companies will continue to become more innovative and productive over time, and increase their corporate earnings over time.
This is what contributes to the long term upward trend of the stock market.
Which is why I simply sit back, ignore the noise, continue to automatically invest into global index funds each month, and hold for the long term.
Nothing difficult or special. And this is what will make me very wealthy over the long term.
You definitely can make short term profits from these type of events, but it’s impossible to predict the future. Which is why I don’t even bother trying.
So, Kamala or Donald? I’ll be following along and most importantly enjoying the memes along the way, but the result will have zero impact on my investing approach.
Just like with the last US election.
Just like with the recent UK election and change of government.
Just like with the recent UK Labour budget.
Stop waiting, start investing, keep investing for the long term.
|
