The prospects also looked good for environmental stocks when President Clinton took office. Ultimately, the market's response to presidential elections and to political proposals is essentially short-term in nature. Instead of being concerned about what industries might fare better under which candidate, look for high-quality companies with good products, good growth prospects and the ability to dominate their competitive niche. And once you find these companies, hold on to them. By taking a long-term approach, you'll spare yourself the difficulties of constantly trying to adjust your portfolio in response to elections and proposals.
Presidents come and go every four or eight years.
But your investment horizon is probably much longer than that. Make adjustments to your portfolio in response to changes in your personal situation, the economy or the financial markets. Search our online archive, or browse past editions. All rights reserved. Direct questions and problems to the webmaster .