account volatility: While investors are eagerly awaiting the removal of the election as an overhang of uncertainty — trading volumes have dried up as investors hold off on making big bets ahead of the vote; by one metric the market hasn't been this quiet since the Great Depression — the longer-term impact of the results should be minimal, the investment manager said in a report released earlier this month, according to Market Watch. The firm cited data going back to 1853 — when Franklin Pierce was commander in chief — showing average annual returns of 11% regardless of which party was in office. At least, not for the stock market. Once you take into account volatility, the returns of the stock market under Democratic and Republican administrations are virtually indistinguishable, wrote Jonathan Lemco, a senior strategist in Vanguard Investment Strategy Group. But investors should invest for the long term and not subject themselves to the political whims of the moment. It understandable that investors might have concerns because of the different policy positions of the candidates and the strongly held views of voters of all political persuasions.
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