As 2024 is an election year, I am beginning to receive the question, “What actions should I take today to safeguard my portfolio?” I ask, “Save it from what, exactly?” While uncertainty creates volatility, the stock market is inherently unpredictable, as no one knows what the next few years will bring. Adding more perplexity with economic conditions and tense global politics can make for a bumpy ride; however, there is no direct correlation between an elected administration and how the market will respond.
We currently have a frontrunner on one side who was once President, and we have an incumbent President. We’ve seen what they both are capable of, and we have seen deficit spending increase on both sides, so it is feasible we could see higher taxes. Regardless of what the media says or what you think may happen, no one knows what the next four years will look like.
The Gwinnett Daily Post is a daily newspaper published in Gwinnett County, Georgia, and serves as the county's legal organ. The newspaper is owned by Times-Journal Inc. and prints Wednesday and Sunday each week.
