President-elect Trump… what a surprise… though it’s funny with the wisdom of hindsight many commentators are now saying it was entirely predictable and Hillary lost it! Either way, Donald Trump brings political uncertainty and throws the cat amongst the pigeons economically.
So what does this mean for your investments? Well, despite the character of the man himself, the Trump (Republican) economic agenda is much more well thought out than what is reported in the media. It’s all about cutting taxes and spending, which will provide a sugar hit to the US economy that will boost corporate America and equity markets.
The sting in the tail is that interest rates will rise more quickly and that will cause volatility, compounded by his isolationist and anti-trade agenda. Only time will tell how this will play out and the long term damage that might be inflicted.
If you have any questions about your portfolio, or you just want to chat about an idea – please. do not hesitate to get in touch!
Rob Gilmour is the Managing Principal of Wealth Simplicity. The information provided should not be considered personal financial advice as it is intended to provide general advice only. The content has been prepared without taking into account your personal objectives, financial situations or needs. You should seek personal financial advice before making any financial or investment decisions.