Uk budget & US election clash with me paying off 50k from mortgage.

[TheFirstOrangeLeavesofAutumn]

I need to withdraw 50k from my investments to pay off my mortgage towards the end of November.
I'm worried about the stock markets dipping after our budget and/or the US elections.
Should I withdraw the funds now while things are relatively buoyant or take a chance and leave it until early/mid November?
Advice appreciated. I had a bad experience with a financial advisor, so am doing my own research, but would really like to hear what you think might happen in the very short term after these events.
Thank you.

I am not sure advice from random off the Internet is a good way to do your research either.

If you're happy with the rates I would cash in now, if you need the money and it goes go down significantly that could be a problem. If it goes up that would be a bit unfortunate, but at least you've got the money you need.

Edit: Predicting elections and budgets and then deducing their effects (if you guess right) on stock markets I don't think is really possible. If you have very individual stocks rather than trackers some clever person may think they can predict that Gas will definitely go up (or down) but I wouldn't bet on it.

Surely it depends what funds you're invested in? The UK budget won't affect my US tech shares, for example.

But the US election could have global effects.

I don't know and I don't think that anyone can see into the future.

That said, is there something stopping you just doing this now? Personally I would just get it done now for the certainty.

Almost by definition nobody knows.

If you withdraw now you know how much you have.

A lot of smart people are spending a lot of money trying to predict the US election. Nobody here can call it, and even if they could predicting the effects on global markets isn't possible.

Withdraw now or live with the uncertainty.

I did this exact thing last month. Took money from my pension to pay off my mortgage because I was worried there was going to be a run on the banks after the budget.

I didn't post for advice on mumsnet though because It doesn't matter what mumsnetters think is going to happen. It only matters what YOU think will happen.

Forgot to add, when I withdrew my funds, I got an excellent return on my money. I've been watching it since then as well and it's risen slightly so I would have got slightly more by leaving it another month.

But on the other hand, that has to be balanced with the interest being paid out on the mortgage payments.

Aren't the Bank of England predicted to cut interest rates in early November? If they do, this should have a positive impact on the stock market. If you have bonds you could cash them out now though.

Yes of course, but the OP also mentioned they were concerned about the UK budget which is closer to us in time, so unlikely to be enough time to sell investments depending on how they're invested (whether in a S+S ISA wrapper or direct investments via share dealing etc), hence suggesting we need more information to have an informed discussion on this.