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BERTIE LEDGER-ADVANCE The fabric of Bertie County since 1832 JULY 16,20201 Life&Style Politics and investments don't necessarily link... You’re probably aware this is an elec tion year. During the next several months, the candidates will dis cuss issues that should greatly interest you as a citizen. But as an investor, how concerned should you be with the re sults of the presiden tial and congressional elections? Maybe not as much as you might think. At different times, the financial markets have performed well and poorly under different administrations and when different parties have controlled Con gress. And after all the votes are counted, out-comes in the investment mar kets can be unpredict able. Consequently, Daryle Coppedge you’ll be helping your self greatly by not mak ing big moves in your portfolio in anticipation of new legislation or political moves down the line. Of course, that’s not to say that nothing emerging from Washington could ever have an impact on your investment decisions. For example, if a fu ture president and Con gress decide to change the capital gains tax rate, it could affect some of your choices, such as which stocks and stock-based mu tual funds you should buy, and how long you should hold them. Overall, though, your investment results will ultimately depend on actions you can take, including these: • Making changes for the right reasons - While the results of an election may not be a good reason to make changes in your invest ment portfolio, other factors can certainly lead you to take steps in this direction. For one thing, as you get closer to retirement, you may want to shift some - though certain ly not all - of your in vestment dollars from more growth-oriented vehicles to more con servative ones. Conversely, if you de cide, well in advance, that you might want to retire earlier than you originally thought, you may need to in vest more aggressively, being aware of the in creased risk involved. • Following a long term strategy - In pret ty much all walks of life, there are no shortcuts to success - and the same is true with invest ing. You need to follow a long-term strategy based on your goals, risk tolerance and time horizon, and you need the patience and perse verance to keep invest ing in all markets - up. down and sideways. • Avoiding mistakes - Many people think of an investment mistake as failing to “get in on the ground floor” of some company that ul timately grew to huge proportions. But it’s pretty hard to become an early inves tor in companies like these, many of which start out as privately held businesses with out any stockholders. Furthermore, compa nies with shorter track records can be much more unpredictable in vestments. However, you do want to avoid some real mistakes, such as chasing “hot” stocks. By the time you hear about them, they may already be cooling off, and they might not even be appropriate for your needs. Another mistake: fail ing to diversify your portfolio. If you only own one type of asset, such as growth stocks, you could take a big hit during a market down turn. Spreading your dollars over a wide range of investments can help lower your risk exposure. (However, diversification by itself can’t guarantee a profit or protect against all losses.) After Election Day, regardless of the outcome, you can help keep your portfolio on track by not playing politics with it. Daryle Coppedge is a Financial Advisor with Edward Jones, and has an office in Windsor. He can be reached at 252- 794-2194. Bertie-Heptfopil Wbmen^ Fund awards local grants The members of the Bertie-Hertford Wom en’s Fund recently an nounced $5,000 in local grant awards from its community grantmak ing fund. This year’s grants are: * $2,500 to the Good Shepherd Food Pantry of Bertie County, NC, Inc for fresh fruit, veg etables and nutritional newsletters for fami lies; and * $2,500 to the Ahosk- ie Food Pantry for the power pack program Penny Rose, presi dent, thanked the community for its con tinued support of the Bertie-Hertford Wom en’s Fund. “We are proud to sup port these nonprofit programs that are so vital to the communi ty,” she said. Rose continued, “We are grateful to the many generous individuals and organizations that have supported our work to inspire philan thropy across our com munity.” For further informa tion, contact NCCF Donor Engagement Of ficer Kim Ball at (252) 288-5706 or kball@nc- communityfoundation. org or visit the NCCF website at nccommuni- t3doundation.org. About the B-HWF The Bertie-Hertford Women’s Fund is a giv ing circle of the North Carolina Community Foundation. The Fund supports charitable organiza tions serving women. children and families in Bertie and Hertford counties. About the NCCF The NCCF is the sin gle statewide commu nity foundation serv ing North Carolina and has administered more than $161 million in grants since its incep tion in 1988. With more than $284 million in assets, NCCF sustains more than 1,300 endowments es tablished to provide, long-term support of a broad range of commu nity needs, nonprofit organizations, institu tions and scholarships. For more information about the N.C. Commu nity Foundation, visit' www.nccommunity- foundation.org. Don't Miss an issue of the Bertie Ledger-Advance. Caii 252-329-9505 to subscribe! Call Us Now (252) 794-1765 Dm WE ALSO OFFER: Knov/iedgeabie Pharmacist Friendly Pharmacy Staff Flu Shots & Vaccinations Easy Prescription Transfer Blood Pressure Reading OPENING: JULY 20, 2020 - HAM 104 Rhodes Avenue, Windsor, North Carolina 27983
Bertie Ledger-Advance (Windsor, N.C.)
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July 16, 2020, edition 1
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