All’s quiet in the markets so far today as the United States votes in the midterm elections. This election promises to be a huge shake-up, with the House flipping (with some predicting even the Senate too), so what gives?
ALSO READ: What is bitcoin being used for today?
The short answer is: nothing.
If you look back to the DIJA back on election day 2016, you see the same pattern – a huge (or “yuge”) event that dominates the news for months finally arrives. There has been non-stop coverage, with every analyst and their mother getting in on the action, looking at every possibility from every possible angle.
For an investor, this is fantastic. All this analysis by so many people means the investing world has an extremely good view of the risk associated with either outcome. In finance terms, this makes big election outcomes a “well-defined risk”. All the big bankers and investors have been hedging their bets for years, with everything updated with the MASSIVE amount of polling and election data. While nobody knows the exact result, everybody has already positioned themselves based on the best possible data.
INVESTING TIP #27-- HOW TO GET FREE STOCK!
Get Up To $1,000 in Free Stock with Robinhood--the
Open a new account and receive one free stock valued at up to $500! Then, once your account is open, get more free stocks (value from $5 to $500) for each friend, family, person you refer!
USE THIS LINK
to get started with Robinhood!
Since the election is such a big event, it completely dominates the news cycle too – that means it is extremely unlikely that anything else would get noticed that will really shake up the markets. All of this leads to really boring days in the markets, with stable volumes and prices while everyone holds their breath for the results to be announced.
For an investor, election day should be pretty calm and easy. It is the day after that you need to worry about.
WALL STREET SURVIVOR'S BEST OF THE BEST LIST
MARCH 23, 2020: URGENT UPDATES TO HELP YOU MAKE MONEY WHEN THE MARKET IS DOWN!
The markets have dropped over 30% since their highs just a few weeks ago because of the Coronavirus, but we are starting to see more signs that this might be a PERFECT BUYING OPPORTUNITY:
#1. HOT Fool Picks in Spite of Crash. Here is why we love the Motley Fool--On Thursday, March 19, 2020 they recommended Zoom Video (Ticker ZM) when it was at $124.
Today, March 23 it closed at $160, that's up 29% in 3 days! But that's not all, they also recommended it October 3, 2019 when it was at $77 so that is up 108% since they picked it back in October, in spite of the market crashing 30%. Other recent picks are TSLA, NFLX and TTD which are all UP since they were picked!
#2. Stock Prices Are Down 30%. This is a good thing! If you are thinking of buying stocks, now's your chance to get quality companies at much more affordable prices. This offers a very attractive entry point, because stocks are ON SALE and you can now buy quality stocks for 30% less than you would have paid for them in February.
#3. More Articles Are Starting To Recommend Buying. As we are nearing the bottom of this drop, we are starting to see more articles like this: BlackRock is suggesting we may be at a "once in a lifetime opportunity", Morgan Stanley says to start buying, and Warren Buffet has a stock pile of cash and rumors are he is starting to buy.
#4. Dollar Cost Averaging Works! Since nobody knows where the bottom will be exactly, smart investors continue to invest a fixed dollar amount in the market each month. This is called Dollar Cost Averaging. That way, when the markets are down you are buying more shares of your favorite stocks at cheaper prices. This helps drive down your average cost and increase your profits when the stock market moves back up.
If you need recommendations for stocks to buy now, keep in mind that the Motley Fool Stock Advisor beat the market by over 30% the last 4 years, and they are currently recommending that NOW IS THE TIME to start buying some of those quality stocks that should make up the foundation of your portfolio. The Motley Fool Stock Advisor service is recommending at least 15 stocks that you should plan on holding for the next 3 to 5 years. So, if you need investing ideas, it is a PERFECT time to consider the best stock newsletter over the last 4 years--The Motley Fool Stock Advisor
Normally it is priced at $199 per year but they are currently offering it for just $99/year if you click this link.
P.S. this offer is still backed by their 30-day money back guarantee.
P.S.S. Still skeptical? Read this complete Motley Fool Review.