Thursday, 3 November 2016

Trump or Clinton: What is the Impact on Your Portfolio - What's On Your Mind? November 2016 Edition

Well the US election is finally days away.  It has been long and a bit of a circus.  The battle between Donald Trump and Hillary Clinton leaves a lot of people wondering whether either candidate will be good for the markets let alone the country.  Since we are in Canada, our only concern at the moment will be the markets.

There have been many studies done showing statistics whether it is a Democratic win versus a Republican win.  The problem we have is that the data is always in the past.  The past as we have stated many times is not indicative of the future.  Having said this, there is actually no scientific proof that either party has any long term effect on the markets.

Anything in the short term can make the markets move in any direction but the long term effect is not predictable.  When we look back we can always associate something to the market direction.  In the long run it will be the economic outlook for the country that will impact the markets.  Look what happened in 2008-2009.

You have to look at what your long term goals are and stick to your plan.  If you need cash in the near future, less than three years, then keep that money in cash.  Cash is king when you need it.  Don’t play psychic and try and predict the markets.  In the end you will probably lose because even if you cash out and sit on the sidelines during a downturn you will not accurately know when to get back in the markets.  The best plan is staying invested and focused on the long term goals.

So now we wait and see who wins and what the short term impact will be.

Linda J. Levesque, CFP®, FMA, FCSI
Sr. Investment Advisor
Director, Private Client Group HollisWealth Insurance Advisor
HollisWealth Insurance Agency Ltd.
Levesque Wealth Planning
HollisWealth, a division of Scotia Capital Inc.


‘Saving Today for a Richer Tomorrow’™

You can, as long as you include this complete statement with it: Linda J. Levesque, Senior Investment
Advisor and Director, Private Client Group of HollisWealth is an author in The Authorities, Powerful Wisdom from Leaders in the Field.  If you're ready to jump-start your life, have more fun and joy in all that you do, get a FREE consultation from Linda J. Levesque 

This article was prepared solely by Linda J. Levesque who is a registered representative of HollisWealth® (a division of Scotia Capital Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada).  The views and opinions, including any recommendations, expressed in this article are those of Linda J. Levesque only and not those of HollisWealth®.  Levesque Wealth Planning is a personal trade name of Linda J. Levesque.
   ® Registered trademark of The Bank of Nova Scotia, used under license.
  HollisWealth is a trade name of HollisWealth Insurance Agency Ltd.
  Insurance products are provided through HollisWealth Insurance Agency Ltd.  

No comments:

Post a Comment