Politics and Investing Don’t Mix

Mike Piper, a personal finance blogger at Oblivious Investor, warns investors about “the exploitation of a person’s political views in order to instill fear and, ultimately, sell undesirable financial products. The pitch goes something like this: [Political event X] just happened or is likely to happen. As a result, the economy will take a nosedive. You should buy my product to protect yourself.” The technique is so popular that no matter if you are Democrat or Republican, it can be used to trick you to buy the financial products such as gold, annuity, active funds or market-timing newsletter. (obliviousinvestor.com)