Election Day results may affect many aspects of life in this country. But as an investor, your situation probably won’t change after the votes are counted.
Financial markets may show some politically-driven volatility, but that often happens around elections, and it typically doesn’t last long.
Still, changes in policy and new legislation may affect your investment outlook.
First, keep in mind that many campaign promises may remain as just that – promises.
Any ultimate legislation that is enacted may differ greatly from what was proposed on the campaign trail.
Adjustments in the tax rates of capital gains and stock dividends are likely to change again one day. When that happens, you may need to look at the equities portion of your portfolio to see if you want to make some adjustments.
Other changes are harder to predict. Future legislation could affect specific industries, either positively or negatively, and influence the way you look at certain investments, but if you have a diversified portfolio that contains a broad mix of stocks, bonds and other securities, any actions affecting one particular industry probably won’t cause you to significantly adjust holdings invested in other sectors.
In any case, your main emphasis, in terms of your investment decisions, should remain on your goals and what you need to do to achieve them.
At least once each year, review your portfolio carefully to make sure your investments are aligned with your goals, whether they are short-term or long-term. Periodically, you may need to evaluate your goals to ensure they’re prioritized appropriately to help keep you on track toward achieving what’s most important to you.
Over time, your goals may change in many ways that may warrant updating your investment strategies.
Here’s the key point: You’re the one electing to make these changes. No matter what happens in this or any other election, be sure to “vote” for the strategies that have the potential for a winning outcome.
About Georgiana Bowman Bircher
I think of myself as my clients’ financial GPS. I help GUIDE clients in looking for long-term, individualized ways to save so that they may have more options when they retire and while they live in retirement.
Branch Office Administrator
I provide PROTECTION strategies for the unexpected. No one appreciates a financial challenge, but when one arises, all feel better when they feel more prepared.
I suggest ways to SPEND or SHARE their wealth more wisely, in order to plan for the life and legacy they desire.
Simply, through the use of personalized investment strategies created through an established process, I help my clients achieve what is important to them from starting their savings to creating legacies within their communities and families.
I also think of myself as one who serves my community and my family. I enjoy serving through the New Bern Preservation Foundation, the Coastal Women’s Forum, my alma mater the University of North Carolina’s local outreach club and as a mother of two. At the end of the day for me, it’s about making lives feel purposeful and valued.
I invite you to experience working with a full-service financial advisor who will take the time to learn and will value what is important to you regarding your finances. I invite you to also experience working with a financial advisor who desires a long term partnership with you. Please consider accepting a complimentary review; simply call or email to schedule an appointment today.