Election Shenanigans… Here’s What You Can Expect After the Election
Money Tree Investing
Money Tree Investing Podcast
4.6 • 658 Ratings
🗓️ 6 November 2024
⏱️ 45 minutes
🧾️ Download transcript
Summary
The election just happened and that means there will be some shenanigans after the election! Today we talk divisiveness in political discourse, the inefficiencies in government spending, and the challenges posed by increasing national debt and interest payments. The inefficiency in government spending and decision-making extends across the board so you need to be aware of your own finances and investments. Focus on your pragmatic investment strategies amidst economic uncertainty, especially after the election, and you'll be on a better track.
Today we discuss...
- How politics is largely unhelpful for investing discussions.
Today’s society often discourages open, contradictory opinions. - Election results are here, and market stability would benefit from a decisive winner.
- Government spending has increased while private sector growth lags.
- Government debt interest payments have surpassed national defense spending.
- The economy faces challenges as more jobs shift to government, education, and healthcare.
- Older generations dominate U.S. power structures, limiting opportunities for younger leaders.
- Economic solutions are limited to either growth, inflation, or reduced spending.
- The government, healthcare, and education sectors often suffer from inefficiency due to regulation.
- Technological advances in housing and nuclear energy are slowed by regulatory oversight.
- Crypto has been highly volatile, though fixed-income investments have also been risky in recent years.
- Significant donations from the crypto sector went to both political parties in the last election cycle.
- The market’s response to election results is likely stable unless there is a contested outcome, which could trigger volatility.
Today's Panelists:
Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners
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For more information, visit the show notes at https://moneytreepodcast.com/after-the-election-657
Transcript
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| 0:00.0 | Welcome to the Money Tree Investing Podcast. |
| 0:04.0 | Stock market, wealth, personal finance, value stocks, invest in your life. |
| 0:10.0 | Hello, Smart Money Tree Podcasts listeners. |
| 0:13.0 | Welcome to this week's show. |
| 0:14.0 | My name's Kirk Chisholm. |
| 0:15.0 | I'll be your host and I'm joining with my good friend Doug Hagrin. |
| 0:17.0 | Hey Doug. |
| 0:18.0 | Hey, Kirk. |
| 0:19.0 | We are alive and no guns pointed at us today. It seems like it is for everybody else. |
| 0:23.0 | So as for now, before the election, we're still alive. |
| 0:26.5 | I'm warning today. I'm getting political. |
| 0:28.4 | I'm in my bunker, Doug. I've got my shirt. I'm hiding up in Vermont in the woods of Vermont with my Vermonter shirt. |
| 0:35.0 | I'm hiding in plain sight from all the cuckoo's out there and there's plenty |
| 0:38.3 | of them going to election. This is the pre-election special. I have to say as a disclaimer, we don't |
| 0:44.3 | want to talk politics in the show because politics is virtually useless when it comes to |
| 0:48.5 | investing. It's not helpful. All it does is anger people or put you in an echo chamber. You either can hear what you want |
| 0:55.3 | to hear or you get mad because you don't agree. We don't live in a society anymore that values |
| 1:00.5 | contradictory opinions. And that's sad, frankly. It's sad that we can't have a rational |
| 1:06.9 | conversation with the other side and have a discussion about something that is so important, |
| 1:12.2 | like the direction of our country. I don't know when that went off the rails, but sometime in the last |
| 1:16.4 | 10 years, and frankly, I think we need to get back to that. So I would toast to that, but I don't |
| 1:22.1 | have any alcoholic beverage. I'm saving that for tomorrow during the election. Well, I'm already |
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