Election Day, The Stock Market and Other Investments
Today, on Election Day, the stock market is seeing gains. In general, investors are looking forward to this election because, whether Barack Obama or John McCain is elected, there will be a change in the way things are done. And both presidential candidates have shown their commitment to Wall Street (no matter what they say in stump speeches), and the general feeling is that either one could help things go better for the stock market, investments and the economy.
Of course, there is speculation that either McCain or Obama could be better for investing. Democrats point out that historically, the stock market does better when their party is in charge. Republican counter that they set the stage and Democrats reap the credit. Personally, I think that since the stock market tends to gain over time, neither is going to have a big impact on the long-term performance of the stock market. But their policies could affect which individual stocks gain and which lose.
Picking Obama stocks and McCain stocks
Consider:
- If Obama wins, then there is an argument for more alternative energy funding. McCain says he will fund alternatives, but he seems mostly focused on nuclear as the alternative. So, if Obama wins it is possible that we could see a gain in alternative energy stocks, especially wind and solar power stocks. Additionally, social funds may see an increase in value.
- If McCain wins, we are likely to see a boost in funds that hold tax-advantaged dividends, as well as nuclear energy companies and resource companies. I also expect that companies that provide armament and other military supplies would get a boost from a McCain victory.
BloggingStocks has a very interesting list of individual stocks and funds that might be good choices, depending on who wins. It is definitely worth checking out.
And, whether you are voting with your wallet or voting for some other reason, remember to get out and VOTE.
Disclaimer: I am not an investment professional. Nothing in this piece or on this Web site should be construed as investment advice. Before making investment decisions, do your own research and/or consult with an investment professional. All investment comes with the risk of loss. You are responsible for your own investment decisions and any loss that may result from your decisions.



