Advertisement
New Zealand markets closed
  • NZX 50

    12,325.60
    -3.84 (-0.03%)
     
  • NZD/USD

    0.6011
    -0.0039 (-0.64%)
     
  • NZD/EUR

    0.5519
    -0.0024 (-0.44%)
     
  • ALL ORDS

    8,209.20
    -63.50 (-0.77%)
     
  • ASX 200

    7,971.60
    -64.90 (-0.81%)
     
  • OIL

    80.25
    -2.57 (-3.10%)
     
  • GOLD

    2,402.80
    -53.60 (-2.18%)
     
  • NASDAQ

    19,522.62
    -182.47 (-0.93%)
     
  • FTSE

    8,155.72
    -49.17 (-0.60%)
     
  • Dow Jones

    40,287.53
    -377.49 (-0.93%)
     
  • DAX

    18,171.93
    -182.83 (-1.00%)
     
  • Hang Seng

    17,417.68
    -360.73 (-2.03%)
     
  • NIKKEI 225

    40,063.79
    -62.56 (-0.16%)
     
  • NZD/JPY

    94.6330
    -0.5090 (-0.53%)
     

Don't vote with your portfolio -wealth advisor

STORY: With the highly-charged election between President Joe Biden and former President Donald Trump approaching, von Lipsey said many investors may be trying to reposition their portfolios based on "guesses about whether tariffs will be increased" or whether "renewable energy will suddenly fall out of favor."

But trying to predict the election's outcome - and how Trump or Biden's policies may affect their holdings - is a losing game, von Lipsey said.

"We just won't have the clarity with which to make an investment decision headed into the election until perhaps after the election is over," he explained.

Using the 2020 and 2016 elections as examples, von Lipsey said "there was a huge differentiation between what investors and the market thought going into the election and what actually happened in the markets [afterward]."