The Prudent Retiree - November 2016

“Elections Have Consequences.”

          -Barack Obama

Wow. Unbelievable. Shocking. Extraordinary. Donald Trump is the 45th President of the United States. Many are thrilled. Others are terrified. Prudent Retiree believes it is critical to remember that business and the markets carry on. Due to uncertainty, there may be volatility. This is not, however, a harbinger of economic chaos.

Eight years ago, Barack Obama won an historic election. We received many worried calls about an imminent collapse. That didn’t happen. Prudent Retiree has already begun to receive those calls. Investors need to look past immediate fears just as they did eight years ago.

President Obama told us that elections have consequences. He was and still is right. Mr. Trump in his victory speech did not call for the building of a wall, but instead for the building of infrastructure. Let’s take that as a positive sign for economic growth and jobs. Something all sides can agree on.

The Russians and James Comey did not elect Donald Trump. The American people did. James Carville, a key figure in President Clinton’s 1992 election, famously said, “It’s the economy, stupid” to keep the Clinton team focused. Mr. Trump’s victory and how it came to pass is the American people loudly saying it’s the economy. We want jobs and raises. Let’s hope that Washington will listen.  

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Securities and advisory services offered through National Planning Corporation (NPC), Member FINRA/SIPC a Registered Investment Adviser.  Horseman Group and NPC are separate and unrelated companies. The views expressed within are of John Horseman, not National Planning Corporation (NPC), and should not be construed as investment advice.  Investment decisions should be based on individuals’ investment goals, risk tolerance & time horizon. Past performance is no guarantee of future results.  NPC is not to be held responsible for and may not be held liable for the accuracy of information available. Investing involves risk including the potential for loss of the principal amount invested. There is no guarantee that any investment strategy will be able to meet its intended objective. Certain statements contained within are forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans, or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties. Indices are unmanaged measures of market conditions. It is not possible to invest directly into an index. Past performance is not a guarantee of future results

 

 

 

 

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