News | 11.04.20
In Election Fever, Charles Schwab, Fidelity, Vanguard Aim to Ease Investor Anxiety
Charles Schwab, Fidelity Investments, and Vanguard were among the big 401(k) asset managers engaging in investor outreach ahead of the presidential election. The firms want to make sure investors don’t make knee-jerk decisions in a year marked by the pandemic and its impact on the economy “We recognize some investors may be feeling a sense of uncertainty leading up to and after the election," a Vanguard spokesperson said. "As markets adjust to the election news, investors may be tempted to adjust their portfolios. Importantly, while the markets may experience brief volatility, decades of research demonstrate that many of the worst trading days are often followed by the best."
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