June 24th, 2016 | Money
Money article on politics and portfolios quotes Gregg Fisher
In “How the Election Will Really Affect Your Investments,” Money magazine reports that the real threat to an investor’s portfolio during campaign season is investor emotion – not any candidate’s policies. The piece quotes Gerstein Fisher Chief Investment Officer Gregg Fisher: “There’s no empirical evidence to suggest that who the President is, whether Republican or Democrat, should cause you to want to deviate from your investment strategy.”
The article goes on to explain that, in the past, stocks have generally risen over time no matter who’s in charge. Fisher is further quoted as saying, “I run a business, and I don’t think that my business will function differently if Hillary Clinton or Donald Trump is in office. You tell me what the regulations or tax rates are, and I’ll figure out a way to deal with it.” According to the article, this is similar to how investors ought to deal with political uncertainty. Read the full article here.