When I started in the financial services industry in the mid-80s, you really only had two places you could go for financial advice: a stockbroker or an insurance agent. Fast-forward to 2017, and you’ll find an alphabet soup of financial titles, credentials and compensations.
Although it’s year-end, I’m not going to take this opportunity to discuss the historical 2016 investment market performance. We’ll save that for January. Instead I want to comment on one of the most powerful lessons investors can learn from the 2016 presidential election. It is this:
Predicting is NOT investing. (It’s speculating.)
Now, to some supporting statements on that.
Whether you're feeling elated, deflated or mostly just jaded about what just happened in the U.S. elections, we wanted to reach out to you with a few thoughts related to the "What's next?" that may be on your mind.
To say the least, there are more than enough political analyses available from even a single Google search, so we won't enter into that fray ourselves. If you don't yet have your own preferred informational source, we find that RealClearPolitics.com offers a relatively objective, bipartisan presentation of the news on that front.