When it comes to investing, I firmly believe that political leanings should not influence my decisions. Betting my hard-earned money on the outcome of an election seems unwise and pointless. Instead, I focus on the fundamentals and long-term potential of my investments.
In fact, I am ready to take precautionary measures by liquidating the only so-called Trump-traded asset in my portfolio, the cryptocurrency ETF - IBIT ( $iShares Bitcoin Trust(IBIT)$ ), before Election Day. This move is not driven by political bias but by a desire to mitigate potential volatility and uncertainty surrounding the election.
As the U.S. presidential election enters its final stage, it's crucial to remain level-headed and not let political events dictate investment strategies. While Donald Trump is making efforts to gain support from working-class voters, and Kamala Harris is mobilizing Black voters for early voting, my approach remains focused on the fundamentals.
So, rather than favoring Democrats or Republicans, I choose to stay neutral and make decisions based on sound investment principles. By doing so, I aim to protect my portfolio from unnecessary risks and ensure long-term growth.
What are your thoughts on this approach?
@TigerWire
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