182: Stock Market and Elections

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 29 October 2020

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What general market trends do we see during election seasons? What usually happens if a Republican president wins a second term? What usually happens if a Republican president were to lose to a Democrat? If the office were to change hands, what is the usual market trend during the lame duck period and also just after a new president takes office? More importantly what should you do with your portfolio based on these trends? We dive into this past market data in this episode, find some interesting trends, and give some warnings on what you should do.

Spoiler: Please don't make any huge changes to your investing plan based on how the election is going, what is in the political news, even what is in the economic news.

This podcast is sponsored by Bob Bhayani at drdisabilityquotes.com. He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time White Coat Investor sponsor. He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage to make sure it meets your needs or if you just haven’t gotten around to getting this critical insurance in place, contact Bob at drdisabilityquotes.com today by email [email protected] or by calling (973) 771-9100.

Transcript

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0:00.0	This is the White Code Investor Podcast, where we help those who wear the White Code get a fair shake on Wall Street.
0:06.0	We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011.
0:12.0	Here is your host, Dr. Jim Dolly.
0:18.0	This is White Code Investor Podcast 182, Elections in the Market.
0:22.0	This podcast is sponsored by Bob Bionny, and Dr. DisabilityQuotes.com.
0:26.0	He's an independent provider of disability insurance planning solutions to the medical community in every state, and at a long time White Code Investor sponsor.
0:33.0	He specializes in working with residents and fellows earlier in their careers to set up sound, financial, and insurance strategies.
0:39.0	If you need to review your disability insurance coverage, make sure it meets your needs.
0:43.0	Or if you're just haven't gotten around getting this critical insurance in place, contact Bob at drdisabilityquotes.com today by email info at drdisabilityquotes.com
0:53.0	Or by calling 973-7719-100.
0:58.0	Welcome back. It's the 13th of October when I'm recording this. It'll be running on the 29th of October, just before Halloween.
1:05.0	So happy Halloween to all of you, and I hope you don't pick up anything with your treats this year.
1:11.0	Here are a lot of neighborhoods are kind of canceling the trick or treating. I'm not sure what they're going to do around here.
1:16.0	Probably some sort of modified version I suspect.
1:19.0	But thanks for those of you who are working. It's not easy work. It hasn't been this whole pandemic.
1:24.0	Things are the worst now in Utah as they have been the whole time. So we're starting to wonder if this is going to get really bad.
1:31.0	Still, you know, most shifts I go, I don't see a COVID patient, but they're telling us that our ICUs are filling up.
1:37.0	And we're certainly having, you know, 10 times the number of cases we were having last June.
1:42.0	So those of you on the front lines, thanks for what you do. And for those of you who are done the front lines, thanks for what you do.
1:47.0	It's not easy either.
1:49.0	All right, a quote of the day today comes from Thomas J Stanley PhD.
1:53.0	You may recall him from the millionaire next door. He said at the end of the day, success cannot be purchased.
	...

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