Chief market strategist Ryan Detrick recommends avoiding political influence on investments, as the stock market typically rises during most US presidencies.
Chief market strategist Ryan Detrick advises against letting politics influence investments, as the stock market generally trends upwards regardless of the sitting president. Detrick tracked results back to Eisenhower, finding that $1.7m would have been accumulated by staying invested during 17 of the 20 four-year administrations since then. Instead, investors should focus on long-term strategies to reap the benefits of compounding interest.
July 29, 2024
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