What Will Happen to You When Hillary or Donald Wins?
Many of you have asked me about the presidential election. This topic is almost always the number one question on your minds. My first reaction is to remind investors that proposal differences during the election are always bigger than implementation differences post-election. Our current divided government ensures that presidents get only a small portion of what they want. This usually means that investors put too much weight on election outcomes vis-à-vis portfolio expectations. Guessing whether Secretary Clinton will be bad for healthcare stocks or Mr. Trump will be good for military/defense stocks is a poor way to construct a long-term portfolio.
