The Mind Money Spectrum Podcast

#46. Elections create financial opportunities, but not in the way you think.

October 27, 2020 Aaron Agte and Trishul Patel Season 1 Episode 46
The Mind Money Spectrum Podcast
#46. Elections create financial opportunities, but not in the way you think.
Chapters
The Mind Money Spectrum Podcast
#46. Elections create financial opportunities, but not in the way you think.
Oct 27, 2020 Season 1 Episode 46
Aaron Agte and Trishul Patel

With the election coming up, many people wonder if they should temporarily modify their investment strategy until the results are known. The short answer is no. Trishul and Aaron discuss the emotions that arise from uncertainty. They also go through a decision tree to help clients understand why it makes sense to maintain the same asset allocation they have been using all along. On the other hand, there may be some tax and estate planning opportunities that can develop depending on the outcome of the election. But no need to worry just yet; all this can wait until after November 3rd.

Episode References

MMS - #2. Buying stocks can be fun, but don't fall into these common traps.
MMS - #41. What does academia have to say about what really works when investing in stocks?
MMS - #42. Investment strategies evolve, but is your portfolio stuck in a foregone era?
MMS - #32. These estate planning tips can save you big time.
Investing Forever - Why invest in one thing over another?
Investing Forever - Efficient Market Hypothesis
Investing Forever - Passive is the new aggressive
Investing Forever - Wills and Trusts: How Are They Different?
S&P 6 months ahead of an election
Stock market before and after elections
Financial Planning for a Biden Tax Plan
Tax Plan Proposals
70% of Trump's Tax Laws benefit the wealthiest 1%
Remain Solvent (Quote)
Warren Buffett - Be Fearful When Others Are Greedy

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.

Show Notes

With the election coming up, many people wonder if they should temporarily modify their investment strategy until the results are known. The short answer is no. Trishul and Aaron discuss the emotions that arise from uncertainty. They also go through a decision tree to help clients understand why it makes sense to maintain the same asset allocation they have been using all along. On the other hand, there may be some tax and estate planning opportunities that can develop depending on the outcome of the election. But no need to worry just yet; all this can wait until after November 3rd.

Episode References

MMS - #2. Buying stocks can be fun, but don't fall into these common traps.
MMS - #41. What does academia have to say about what really works when investing in stocks?
MMS - #42. Investment strategies evolve, but is your portfolio stuck in a foregone era?
MMS - #32. These estate planning tips can save you big time.
Investing Forever - Why invest in one thing over another?
Investing Forever - Efficient Market Hypothesis
Investing Forever - Passive is the new aggressive
Investing Forever - Wills and Trusts: How Are They Different?
S&P 6 months ahead of an election
Stock market before and after elections
Financial Planning for a Biden Tax Plan
Tax Plan Proposals
70% of Trump's Tax Laws benefit the wealthiest 1%
Remain Solvent (Quote)
Warren Buffett - Be Fearful When Others Are Greedy

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.