40% of investors are considering this money move after the election: It may cost them ‘really great gains,' says market strategistIf this week's presidential election has you nervously eying your finances, you're not alone. Some 57% of investors say they're anxious about the race, according to aHad you started investing with $1,000 in the broad U.S.
"If you're actually trying to be rational about the markets, it's not worth worrying about," says Dan Egan, vice president of behavioral finance and investing at Betterment."However, the anxiety and fear that's coming from it — it's still worth thinking about addressing that directly.
"If you're on your phone and reading on Twitter about how bad things are, it's very easy to swap over to your brokerage account and be, like, 'I need to change this,'" says Egan. But if it's going to be impossible for you to avoid the angst of a constant news cycle, consider setting up systems to keep you from converting those feelings into impulsive, short-term money moves. Here are three strategies to try.Bouncing your investment ideas off of a trusted confidant can help clarify whether you're acting impulsively, says Egan. For some people, verbalizing things can be helpful, he says. For others, writing may be a better choice.
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