Review of Past Presidential Election Blogs
“I think when this election ends and people stop for a minute and people actually reflect, they will realize how insane and horrible and unprecedented it really was.” - Tommy Vietor
The above quote was from an article entitled “Emotions run high in final days of the campaign”, written before the 2016 Trump vs Clinton election! It seems that our elections continue to become ever more emotional and charged.
If you are concerned about the current Presidential election, take some time to review our past blogs on the topic. Below we provided you links to these articles, as well as a summary of the key takeaways. Our opinions have not changed.
How to Cope with Election Angst
Markets have increased in value over the years through both Democratic and Republican administrations. Which party wins has not historically told us anything about which way the markets will go.
Emotions can cause investors to consider changing their portfolio allocations due to the fear that the candidate they oppose may win the election. Do not let your emotions cause you to alter your portfolio.
Planning Newsletter October 2016
You should not let the Presidential election affect your investment strategy. Election season is a historically very turbulent time for investors. Remember that long term success in investing depends more on the strength of the US economy than on which party occupies the White House.
At the end of every year and especially after Presidential elections, we enter the Prediction Season. This is where we reach a fevered pitch of predictions coming from so-called experts explaining how you need to change your investment strategy to deal with the “new” economic environment. The changes that they recommend are rarely helpful, and study after study has shown that these “experts” demonstrate no statistically meaningful degree of accuracy in their predictions.
Summary
We hope our writing on the election have been helpful. Please keep in mind that these opinions are general in nature; for recommendations specific to you, it is best to consult with a financial advisor. If you wish to discuss your personal financial situation, please set up a time to speak with us.
Jim Freeman, CFP® Lead Advisor and Partner with Financial Alternatives. Jim oversees both the financial planning and investment management divisions for the firm. Schedule a time to chat with Jim.