The Dow broke 20,000 points on Wall Street on Wednesday, but one wealth management advisor says don’t rush to change your 401(k) or other stock options without careful analysis. 
“In good times and in bad times we don’t want to make any rash decisions,” Andrew Hermsen, the owner of Hermsen Wealth Management in Hobart, said.
If you’ve invested in your 401(k) or other stocks, an election year will usually give you a boost.
Generally when we take a look at presidential terms, the stock market generally rises almost over all recorded terms we see for presidents going back to the late 1920’s,” Hermsen explained.
The stock market dropped by about 4% on election night, but now it’s rising, and breaking records. 
“All-in-all, it was the election that’s done the biggest part for it,” Hermsen said.
Now the stock market is up 9.5% since the election, but how will that effect your stock portfolio? 
“With the 401(k)’s, the big thing is figuring out what the risk is here or are you taking the right amount of risk with where your portfolio has been,” Hermsen said. “It’s been a great run, but maybe your goals have changed since you originally opened up that account.”
The stock market bottomed out in March of 2009, but since it recovered over the years, your priorities might be different now. 
“Should I be taking as much risk as I did eight years ago should I re-diversify my portfolio and maybe take a little less risk because I’m closer to using this money,” Hermsen said.
He said US stocks will benefit the most right now, but investors should also look into bonds and international stocks this year, too.