[BONUS] Pulse Check: The 2024 Election and Your Money

I don’t record a bonus episode every time a major event takes place, but I do find cause for chiming in when I see something sparking questions, curiosity, and potential concerns amongst my clients and community. In this case, that “something” is the 2024 presidential and congressional elections, which are officially in the books. As I’m sure you know, Donald Trump won the presidency and Republicans will now have a majority in the Senate and the House. What you might not know is what those election results could mean for your money–so that’s what we’re going to talk about in this episode. At this point, I’ve been running Hendershott Wealth through more than five presidential turnovers. I’ve had the opportunity to exercise a lot of mental acuity in evaluating implications of potential policies, and ensuring my clients’ assets are protected, regardless of the outcome. Thanks to this experience (and the evidence that backs me up) I have a lot more peace about the potential impact of the election on both my and my clients’ wealth–and I want you to feel the same kind of calm. So listen in as I share my approach and investment strategy when it comes to geopolitical events like an election, how I deal with all the feelings that are along for the ride, and what I advise you do–or, more accurately–don’t take action on. 👇 Here’s what you’ll learn in this week’s episode of Love, your Money: 00:35 Why I’m taking the mic today for a bonus episode… and my main piece of advice for this given moment, post-2024 presidential election 03:45 What I learned working in a political think tank in Washington D.C., and what’s impacted my perspective since 05:35 How policy changes impact your money and when you should take action 06:17 What your feelings about the election have to do with your money 07:48 What’s important to know about the distinction between political messaging and enacted policy 08:55 Geopolitical risks: What they are, and how they’re already priced into financial markets 10:34 Efficiently priced markets, and what they mean for your investing choices 12:32 The most important question to ask about your investment portfolio 14:42 What the evidence tells us about stock market performance and elections 16:36 The ways policy changes might actually impact your financial planning when they’re enacted into law 17:44 One of the biggest long-term economic challenges – and how a well-diversified investment portfolio helps protect your assets 21:10 What you can do if you feel unsure about your investment strategy Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/2024-presidential-election Follow Hilary on: Twitter LinkedIn Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.