Market strategist warns that 40% of investors may miss out on 'really great gains' if they make this money move after the election.

A recent survey from Betterment reveals that 57% of investors are anxious about the upcoming presidential election and about 40% plan to move or pull their investments from the market based on the outcome.

Historically, going home with your ball when your candidate loses has been a losing strategy.

Carson Research Group's research from earlier this year examined the S&P 500's performance under every presidency since 1953.

If you had invested $1,000 in the broad U.S. stock market during Republican presidencies and withdrew during Democrats, you would have approximately $30,000 today, according to research. On the other hand, if you followed the same strategy but invested only with Democrats, you would have around $60,000.

If you had remained invested during the entire period, you would have earned $1.7 million. The reason is that the S&P 500 has risen in 17 out of the past 20 four-year presidencies.

According to Ryan Detrick, chief market strategist at the Carson Group, if you exited the market due to dislike for the current office holder, you missed out on substantial profits.

Even if it seems like the president has a significant influence on investments, their impact is typically not as substantial as it may appear.

"According to Dan Egan, vice president of behavioral finance and investing at Betterment, being rational about the markets means not worrying about them, but it's still important to address the anxiety and fear that comes from it."

Dealing with financial anxiety and the election

Advisors generally agree that short-term market fluctuations should be disregarded and that no significant changes should be made to long-term investment strategies.

It is challenging to separate the investment management app from the news app that causes anxiety, as they are both on the same device.

Egan says that if you're on your phone and reading negative tweets about the market, it's easy to switch to your brokerage account and think about making changes.

To prevent impulsive investing decisions, some individuals recommend setting up firewalls for news that causes anxiety, such as limiting time on certain apps, using two-factor authentication, or consuming news through traditional media sources, according to Egan. He notes that it is difficult to doom-scroll a newspaper.

To avoid the angst of a constant news cycle, consider implementing systems to prevent impulsive, short-term money moves. Here are three strategies to try.

1. Phone a friend

Discussing your investment ideas with a trusted advisor can aid in determining if you are acting impulsively, according to Egan. Some individuals find verbalizing helpful, while others may prefer writing.

"Justify your actions by writing an email to that person. As you write, you'll realize how much of your thoughts are influenced by anxiety and fear."

2. Take a beat

Egan advises implementing a "cooling off" period before making any decisions regarding your investments to avoid emotional impulsiveness.

"He advises taking a break from the decision and allowing time for reflection. If the decision still makes sense after sleeping on it, it can be concluded that it was not an impulsive choice but a consistent thought."

3. Move money slowly

Rewritten sentence: Can you please provide me with the necessary information to complete the task?

"Egan explains that the individuals who underperform the most in markets are those who are either fully invested or not invested at all, with no in-between. Those who manage to endure and maintain a small level of comfort while remaining invested are the ones who adjust their portfolio from 90% to 80% stocks."

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