With all the uncertainty about the next President, it's easy to get fearful about what will happen to your investments and your 401(k) as a millennials. On this podcast, Jane Barratt and Andrew Thomas help demystify whether you should be worried.

Election and Your Money

Given millennials are the most important voting block of this election, it makes sense that you would want to know how is this going to affect your wallet. More importantly, are you going to wake up on Wednesday morning and have a lot less money in your investment accounts? It’s one thing to not have the candidate that you want elected….it’s another thing to lose money.

First things first, I want to encourage you not to panic. Panic is literally what sends the stock market plummeting, and you know better than to panic. However, it’s important to understand a few things about how this election will impact your money.

On this Podcast Episode

I’m chatting with CEO and Founder, Jane Barratt, from GoldBean (you know the great company that helps you invest and buy stocks that you know and love), and Andrew Thomas, Investment Advisor at Blooom (the company that helps you manage your 401(k) without pie charts and crazy line graphs. We’ll discuss:

  • Should you be worried about your investments with this election
  • What are some general trends that millennials should pay attention to
  • Why now might be the best time to start investing
  • and a ton more wisdom from these two superstars

I don’t have a crystal ball, so I can’t tell you what the future holds. What I can tell you is that the stock market ebbs and flows. It comes and it goes. What seems like the end of the world today, turns a corner tomorrow and the stock market rallies. You will survive this election.

If you’re new to investing, or never bothered, I highly suggest reading up on the stock market and getting educated. Both Blooom and GoldBean have awesome educational resources and team armed and ready to give you insights. Don’t try to go at this investing thing by yourself.

There are also a ton of great books out there to help with investing. Some of my very favorites are One Up on Wall Street and the Intelligent Investor.