This Mid-Cap Stock Is My Top Biden Buy
Barring any unforeseen developments, Joseph Robinette Biden Jr. will soon be sworn in as 46th President of the United States, officially taking the oath on Jan. 20. As investors, it's understandable to take this time to properly position your portfolio in light of the apparent differences in policy between the current and future White House occupant.
A word of caution, however: It is important to note that the path to terrible investment outcomes is paved with political bias. Here's a few notable incorrect political prognostications over the last decade: President Donald Trump will ruin the stock market; President Barack Obama's signature bill will destroy the insurance industry; President George W. Bush's tax cuts and deregulation will be good for bank stocks and the overall market. On the other hand, investors would be foolish (small "f") to blindly ignore significant shifts in the legal and regulatory environment.
We're not politicos here at the Motley Fool, so to ensure I'm not personally falling into these common biases I apply a two-step approach to any political investments:
Source Fool.com
