At long last, midterm elections are over. Now pundits will muse about what the outcome means for the stock market--as if knowing where the market is headed is that simple.
Instead of guessing where stocks are going next, we suggest investors focus on finding companies with competitive advantages--companies with moats--and buy them when they're trading at a discount to what they're worth. Then, hold on until they reach fair value.
Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.