The market’s up. The market’s down.
Headlines everywhere are attempting to capture how investors are assessing last week’s midterm election, where Americans were blessed with Federal gridlock with Democrats holding Congress and Trump holding the White House.
I don’t really know anyone who would trade on the change, although the stock valuations have been going up-and-down. That means someone is trading. Especially tech stocks as many are reading the election results as a referendum on AI expansion.
I haven’t considered any changes to our own financial portfolio as a result of Election Day. It seemed to me that most people already knew that unpopular Trump would lose control of Congress to the unpopular Democrats. Still, people seem to be trading.
Our investment horizon is 5-10-20 years, not a two year lame duck session. Let the subpoenas, investigations, and cable TV bickering commence. We’ll sit tight on what we have.
Planning any changes in your portfolio?
Image: Apple Finance
Steady as she goes despite the drop in in my tech holdings. I knew that some of my tech had gotten beyond reason, but in the long run they are still fine.
My biggest pull back was Lumentum LITE which had a huge pullback despite the news of being acquired by Marvell. The deal is a certain number of shares rather than cash. Both firms have a great future thus this short term dip is just that a dip. I sold off an amount three times my initial investment last January and I have to pay tax on that sale
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