• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

BRIO Financial Planning

Fee-Only Financial Planning Services in Quincy, MA

  • Home
  • About
    • About Michelle
    • About You
    • Our Services
    • Our Pledge to Clients
  • Financial Planning
  • Investment Advice
    • Why Dimensional Funds?
    • Functional Asset Allocation
  • Taxes
  • Blog
  • Contact Us

Don’t Put A Presidential Candidate In Charge Of Your Investment Portfolio

March 4, 2016 by Michelle Morris

Hello!

It is shaping up to be a most, uh, unusual of election years.

I’ll leave the analysis and pontificating to others.

Today, I talk about the role politics should play in your investment decisions.

Read on to learn more!

Best,
Signature

 

 

Michelle Morris, CFP®, EA
BRIO Financial Planning

 

panda election picture

Recently one of my favorite bloggers, Mike Piper of the Oblivious Investor wrote a fantastic post on not mixing politics and investing.

In his post Mike talks about the powerful emotion of fear. It’s a strange election year and many are anxious and fearful. Your political views (whichever side of the aisle you inhabit) can be exploited by sales people to sell financial products.

The pitch goes like this:

  1. Political event ‘X’ is almost certain to happen
  2. As a result, the economy will take a nosedive
  3. You should buy my product to protect yourself

This can be used to appeal to most any set of political views. Worried about the market being rigged by the financial elites? Worried about over-taxation, over-regulation or excess government spending? Someone has a product for you! It might be gold. It might be a market-timing newsletter. It might be an annuity. It might a hedge fund.

In order for the “solution” to work, the salesperson has to be right about the political event, right about the resulting economic calamity, and right that their product is indeed a good solution. These things all need to be true for the product to work for YOU. In order for it to work for THEM, they just need to convince you to buy in the first place.

I think Warren Buffett put it best when he said in his shareholder letter released just last week:“For 240 years it’s been a terrible mistake to bet against America, and now is no time to start.”

Tune out the noise. Stick to your plan. And don’t forget to vote. 

Topics: Filed Under: Investing

Previous Post: « Are fees EATING your hard-earned dollars?
Next Post: The Ocean is Calm Today – But Don’t Forget Your Life Jacket! »

Primary Sidebar

Sign Up for the BRIO Email Newsletter!

Sign up for my monthly newsletter “Allegro con brio” and get a FREE copy of my report: “8 Ways for the Single Woman to Guarantee She Will Never be Financially Independent”.

  • This field is for validation purposes and should be left unchanged.

From The Blog

  • Capture Those Dollars!
  • Good News for Savers in 2023
  • How Will You Pay Your Taxes in Retirement?
  • Four Years Later – Micro Investing with Acorns

Footer

From the Blog

  • Capture Those Dollars!
  • Good News for Savers in 2023
  • How Will You Pay Your Taxes in Retirement?

Important Legal Information

Investment advisory products and services are offered through advisory representatives of BRIO Financial Planning, an investment advisor registered with the Commonwealth of Massachusetts.

Disclosures and Other Legal Terms

Contact Us

Michelle Morris, CFP® EA
BRIO Financial Planning
1073 Hancock St. #101
Quincy, MA 02169

michelle@briofp.com
617-934-0419 (phone)
617-934-1933 (fax)

  • Email
  • Facebook
  • LinkedIn
  • Phone
  • Twitter

Copyright © 2023 · BRIO Financial Planning · All Rights Reserved.