Hey there. Actually had a question on this a couple days ago. But, it would have been impossible to find as the name didn't mention much about the election. Here is my answer:
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Hey there. To be honest, it's simply unpredictable. Some pundits believe that a Biden win would cause a ripple effect on the markets, but that really remains to be seen.
There is no questioning that Donald Trump is doing everything he can to keep the economy afloat down there, arguably at the expense of others due to COVID-19. And, Joe Biden is fairly adamant about targeting corporations and raising tax rates.
There's positives and negatives to both parties to be honest, so it's kind of a crapshoot to predict.
Since 1932, almost 75% of presidents have been re-elected, so it will be interesting to see what happens.
If you're feeling nervous about the election, would always be wise to average into positions. If you personally feel the markets may drop post election, save some capital to get in at cheaper prices.
Me personally? I'm not really worried about it. If the opportunity presents itself for me to get in at some cheaper prices due to a post-election drop, I'm going to be doing so.
I never try to predict the markets. A prime example I like to use is if somebody had a gun to my head in March/April and I had to predict what was going to happen, I would have been terribly wrong, as would 99% of other people who tried to predict it as well.
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