1109: Ask Farnoosh: Should I wait to invest until after the election?

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 16 October 2020

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

How do elections impact the stock market and is there reason to pause your investment strategy until after November 3? This week's Ask Farnoosh responds to audience questions related to the election, as well as whether it's smart to withdraw from one's 401(k) to invest in real estate? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money episode 1109 Ask Farnush.
0:03.4	You're listening to So Money
0:06.8	with award-winning Money Guru Farnush Karabi.
0:09.4	Each day get a 30 minute dose of financial inspiration from the world's top business minds, authors, influencers, and from Farnus yourself.
0:18.0	Looking for ways to save on gas or double your double coupons?
0:22.0	Sorry, you're in the wrong place. to save on gas or double your double coupons?
0:22.8	Sorry, you're in the wrong place.
0:24.8	Seeking profound ways to live a richer, happier life.
0:28.3	Welcome to So Money, everybody.
0:33.0	October 16th, 2020.
0:35.0	I'm your host, Farnuosh Terabi, and you're listening to Ask Farnuosh,
0:39.5	our Friday episode where we answer your money questions.
0:43.4	If you've been following me lately you know that I've started to abandon some
0:46.6	traditional money rules, yeah?
0:48.6	Like this summer we bought a house, which arguably is one of the worst times in history to buy a house.
0:55.0	Yeah, depending on the data you're looking at and how volatile the market is you might not think it's a great time to buy, but we did and we don't regret it.
1:05.6	I also went into my IRA this summer and moved some investments around because I just got way
1:11.0	too nervous about where the world was headed and also my own risk
1:15.2	tolerance which goes against a lot of the tried and true advice of stay the course and
1:20.5	in my latest move away from what a lot of experts, including myself, have preached over the years,
1:26.1	I have decided that I no longer want to leave a financial legacy when I die.
1:32.4	That's right.
	...

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