Navigating Election Year Volatility: What does history show us?

Financial Detox® Show

In this episode of Financial Detox® Jason Labrum joins Co-hosts Alex Klingensmith to discuss the upcoming presidential election and its potential impact on the markets. They emphasize the importance of focusing on long-term goals and not getting caught up in the noise and volatility of election cycles.
They provide historical data showing that the markets have generally performed well during election years, regardless of the outcome.
They also highlight the need to avoid emotional investing by thinking long-term, and the importance of working with a fiduciary advisor who can help navigate market uncertainties.
Chapters

00:00 Introduction and Purpose of Financial Detox
00:48 The Importance of Making Better Investment Decisions
03:11 The Impact of the Upcoming Election on Financial Planning
06:37 The Importance of Emotional Preventative Maintenance
08:09 The Unprecedented Nature of the 2020 Election
11:23 The Lack of Inspiring Candidates in the Election
13:08 The Influence of Social Media and Cognitive Bias
14:33 The Historical Performance of Markets During Election Years
16:11 The Performance of the S&P 500 During Election Years
20:51 The Importance of Focusing on Personal Financial Goals
22:41 The Role of a Fiduciary Wealth Advisor
24:37 The Importance of Being Intentional with Time and Information Consumption
27:15 The Natural Volatility of Markets and the Need for a Long-Term Perspective
29:03 The Value of Seeking Professional Advice and Planning Ahead
30:46 Conclusion and Wishing Happy Easter
Disclosure
The Financial Detox podcast is provided by Intelligence Driven Advisers, LLC (“IDA”), an SEC registered Investment Adviser; however, such registration does not imply a certain level of skill or training. Any references to SEC registration are not an endorsement or indication of approval by the SEC.
The information presented in this podcast is intended for general informational purposes only and should not be construed as specific tax, legal or investment advice. Participants are strongly encouraged to consult with their personal advisers regarding their specific financial and tax situation. Investing involves risk and there is always the potential for loss. Past performance is not necessarily indicative of future results.
Information provided reflects IDA’s views as of a particular time. Such views along with tax laws and regulations are subject to change at any point and IDA shall not be obligated to provide notice of any change.
IDA makes no representations or warranties, express or implied, regarding the accuracy, completeness, or reliability of the information presented in this podcast. The firm disclaims any liability for errors or omissions in the information or for any actions taken in reliance on the information provided herein.

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