The election just happened and that means there will be some shenanigans after the election! Today we talk divisiveness in political discourse, the inefficiencies in government spending, and the challenges posed by increasing national debt and interest payments. The inefficiency in government spending and decision-making extends across the board so you need to be aware of your own finances and investments. Focus on your pragmatic investment strategies amidst economic uncertainty, especially after the election, and you'll be on a better track.
Today we discuss...
- How politics is largely unhelpful for investing discussions. Today’s society often discourages open, contradictory opinions.
- Election results are here, and market stability would benefit from a decisive winner.
- Government spending has increased while private sector growth lags.
- Government debt interest payments have surpassed national defense spending.
- The economy faces challenges as more jobs shift to government, education, and healthcare.
- Older generations dominate U.S. power structures, limiting opportunities for younger leaders.
- Economic solutions are limited to either growth, inflation, or reduced spending.
- The government, healthcare, and education sectors often suffer from inefficiency due to regulation.
- Technological advances in housing and nuclear energy are slowed by regulatory oversight.
- Crypto has been highly volatile, though fixed-income investments have also been risky in recent years.
- Significant donations from the crypto sector went to both political parties in the last election cycle.
- The market’s response to election results is likely stable unless there is a contested outcome, which could trigger volatility.
Today's Panelists:
Kirk Chisholm | Innovative Wealth Douglas Heagren | ProCollege Planners
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For more information, visit the show notes at https://moneytreepodcast.com/after-the-election-657