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WEALTH MANAGEMENT MINUTE

Fear and Fatigue

Posted by Taylor Ranker on November 18, 2020

Fear and FatigueFear and Fatigue - the 2020 Election in a Nutshell

We want to be clear; our motive for writing this is not to make a political statement or prediction. We would simply like to share our perspective and shed some light on the current economic climate as it relates to the presidential election.

First and foremost, we invest in companies, not countries. Specifically, the world's best capitalized and best managed companies that are necessary and essential to our way of life. Companies that lead the world in industries such as power, groceries, banks, insurance, computers and technology. These companies have stood the test of time and will continue to innovate and grow as long as life as we know it continues.

The second thing to remember is that we will likely end up with a divided government. This means that, when you turn off your television and smartphone and get past the clamor of the media, it will be very difficult for lawmakers to pass any major legislation that will prove harmful to businesses going forward. Some of the best legislation comes from a divided government; when politicians from both sides hold each other in check, the taxpayers and businesses they represent win in the end.

I will also take this opportunity to remind you that the current economic data in the areas of new jobs, corporate profits, and manufacturing are good and, in some cases, very good.

This country has been built on the strength, dedication, and entrepreneurship of its citizens. That does not change, no matter who is in the White House. Americans have and will continue to rise to any challenge we face and will emerge on the other side stronger and more successful.

Taylor Keith Ranker, II

Topics: work life balance, Retirement, politics