How to position your portfolio amid election and Fed uncertainty
As the market braces for a busy week ahead with the upcoming US election and the Federal Reserve meeting, Haywood Wealth Management president and co-founder Justin Haywood joins Brad Smith on Wealth! to discuss how investors should be thinking about portfolio positioning amid volatility.
"I think the market is just going to be waiting with bated breath on what ultimately happens [with the election and Fed meeting]. Historically speaking, the market does not like uncertainty. And I think that depending on how long it takes [for] the election result to come through, we might see some chop. But once we have a result, the market will be able to get back to a level of certainty. And I think you'll start to see the market climb that wall of worry and kind of get back to business as usual," Haywood says.
He notes that investors should stay the course amid short-term volatility. "Maintain a balanced approach at this point. As they say, time in the market beats timing the market... Make sure that you're in a portfolio that is aligned with a level of risk that you're willing to take."
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This post was written by Naomi Buchanan.