Money Talks | Investing during an election year [Video]

TEMPLE, Texas — The markets hate uncertainty, because depending on who wins the presidency and their laid-out agenda, some stock will do better than others under each administration, and right now, the market really doesn’t know what will happen in November. 

Now, add to that turmoil and war in the Middle East, and it’s chaotic. After market dips like Aug. 5, it’s always nice to have cash on hand. Surviving election year volatility is the topic of this Money Talks.

“Having a good cash reserve can help calm your nerves when the market is volatile,” Certified Financial Planner Neil Vannoy told 6 News. “Not only does holding cash help you sleep at night knowing that you have money to cover unexpected expenses, but it also gives you some ‘dry powder’ to deploy in your portfolio if prices do go lower.”