There has been some noise about Billionaire's dumping their US Stock holdings. That this is a sign of the end times for the US Stock market. Just buy their book and they will tell you how to "Save" your finances from the coming calamity.
Let's apply a little logic shall we. It seems that the election is currently leaning towards a Democratic victory in the fall. This will mean higher taxes in the future (so does a Republican win btw, they just won't say it out loud). Especially capital gains taxes (Taxes on investment income). The stock market has rallied quite well since the 2008 debacle. The potential for a huge upswing in stock prices seems low in the near term. When you have low potential for profits and a high potential for more taxes you get one result. SELL!
Warren Buffet and George Soros are just practicing tax efficiency. Or in this case presumptive tax efficiency. What does this mean to the average investor? Nothing. If most of your savings are in an IRA/ROTH, 401k/403b retirement account, You are already tax efficient. Just make sure you are well diversified. We are always just around the corner from the next financial calamity. The key is to be prepared. Timing the market is a fools errand.
The one exception would be an IRA to ROTH IRA conversion. If you can afford to do the conversion this year you may save some presumptive tax dollars. More on IRA conversions soon!
