“What will happen to the American economy/stock market after the election?”
This is the question on the minds of many Americans. Many of the answers they are getting are intentionally misleading.
There has been a trend (from the media and large investment firms with their own agendas) to dismiss any concerns about who is elected by stating that the economy and the markets have done very well under both Democratic and Republican presidents. That part is true. The reason this answer is misleading is we have never had a Socialist president or a Socialist led Congress. If the platform that is being presented to the American people by the Democratic Socialists is implemented the results will have very little resemblance to what we have seen from previous Democratic or Republican administrations. Uncharted territory.
So what will happen? Absolutely no one knows for sure. We have a track record for President Trump that gives us some indication of what to expect for the economy and the markets. We have some pretty detailed analysis of the proposals offered by the Biden, Sanders, Warren, AOC, and others – and the impact that they may have. The differences cannot be more significant or having a bigger impact on our economy.
No one knows for sure. What should you do? Have a sound financial/investment strategy that will allow you to weather the storms come what may. If you’re not sure what that may mean for you, please contact our office and schedule a free second opinion meeting with a More than Money advisor. Our team will create a plan customized to meet your specific and personal needs and goals. And we’ll be with you shoulder to shoulder through whatever may come down the pike during and after this important election.
If you have questions or comments, please send them to Gene@AskMtM.com