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Who is better for stocks?
A Democrat or Republican President?
That’s the question asked by Bespoke Research.
Here’s what they found looking at the last 70 years of data – dating back to President Eisenhower’s inauguration in 1953.
- $1,000 invested only when a Republican is President would grow to $27,400
- $1,000 invested only when a Democrat is President would grow to $61,800
Yet if you simply put $1,000 in the S&P 500 since 1953 and stayed in the market…
You’d now be sitting on $1.69 million.
You want to stay invested in the market for the long-term.
The outcome of the 2024 Presidential Election will have very little impact on the performance of the stock market.
Just consider what’s happened during the last eight years…
Many Democrat voters SOLD stocks after Donald Trump beat Hillary Clinton in 2016.
The S&P 500 then rose 63% during Trump’s time in the White House.
Many Republican voters SOLD stocks after Joe Biden won the election in 2020.
And the S&P 500 rose 38% since Biden’s inauguration.
Meanwhile, the S&P 500 is up more than 144% in the last eight years – spanning both the Trump and Biden presidencies.
The great American economy and stock market will continue to grow no matter who is in the Oval Office.
My advice is to stay the course and focus on the long-term opportunities.
The future is bright…
Artificial Intelligence is the biggest breakthrough since the Internet. It’s revolutionizing the world and creating massive amounts of wealth.
Ian