How to Safely Profit From This Crazy Election

How to Safely Profit From This Crazy Election

Posted On November 11, 2020 8:01 am

I think we can all agree this has been the most dramatic election in modern history. And the drama that has dominated our lives for the past year continues even after the voting ended.

(Source: NYT)

Normally one or two close state races decide who will become president. This time there are five states that will decide the winner. As of Friday morning, all have margins of 1.5% or less, and about 500,000 votes have yet to be counted.

If a state is within 1% a candidate can request a recount. Those can take up to two weeks to start. They usually take about a week to finish. In other words, even after a winner is declared, it might take another three weeks before we can know the results for certain.

Meanwhile, control of the Senate, and thus whether we have a divided or unified government, will hinge on the Georgia runoff on January 5th, 2021. The outcome of the most important election in modern history, won’t be fully known until January 6th, or possibly even later.

All of this is taking place as the worst pandemic in over 100 years rages uncontrolled through most of America. What does the toxic combination of political uncertainty and an out-of-control pandemic mean for the economy, stock market, and your portfolio?

In the Short-Term A Lot of Economic Uncertainty and Potentially Wild Swings in Stock Prices Are Likely

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About author

Dividend Sensei
Dividend Sensei

I'm an Army veteran and former energy dividend writer for The Motley Fool. I'm a proud co-founder of Wide Moat Research, Dividend Kings, and the Intelligent Dividend Investor. My work can be found on Seeking Alpha, Dividend Kings, iREIT, and the Intelligent Dividend Investor. My goal is to help all people learn how to harness the awesome power of dividend growth investing to achieve their financial dreams and enrich their lives. With 24 years of investing experience, I've learned what works and more importantly, what doesn't, when it comes to building long-term wealth and income streams and achieving long-term financial goals.

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