The Election and Your Money Part Two

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 18 October 2020

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

In October 2016, I warned that in advance of the presidential election, “you should not make changes to your portfolio in an effort to outfox the tried and true investment strategy of identifying your personal goals and objectives; creating and sticking to a diversified asset allocation plan, using low cost index funds; and rebalancing two to four times a year.” Four years later, I am sticking to that guidance, so let’s just pinky-swear that you won’t try to adjust your investments or time whatever market movement you expect, and I promise not to lecture you about the folly of trying to time the market, OK? To help us break down how the upcoming election may impact your investments, we're joined by Nathan Sheets, Chief Economist and Head of Global Macroeconomic Research at PGIM Fixed Income. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Jill on Money Podcast. It is Sunday October 18th and today we have the
0:09.7	second part of our interview with economist Nathan Sheets.
0:14.3	Yesterday, Sheets helped us understand what the Trump economic policies were all about.
0:20.6	Today, we're turning to Biden. These two interviews are going to give you your big
0:25.6	differences between Trump and Biden. If you need more information about that you can
0:30.6	hop onto the website Jill on Money.com I've been writing about it but mostly I just want you to listen to it
0:36.4	see that there's no partisanship right now from Sheets's perspective he really is very, not so much emotional when he discusses the differences
0:45.9	between the candidates.
0:47.8	So as always, send us an email, if you've got a reaction to this or if you have a question,
0:52.0	our email address, ask Jill at Jill on
0:54.5	money.com here is the second part of our interview with Nathan Sheets so let's move
0:59.9	into the the Biden agenda when it comes to the economy because obviously one of the things
1:07.0	that the pandemic has laid bare are the enormous inequalities that exist you know, whether these are gender wage inequalities,
1:16.5	racial inequalities, all these pieces come to a head almost with the pandemic. So talk about how that informs a Biden administration.
1:28.3	I think it is the motivating thought for a lot of the economic policies that we are in a place
1:37.2	where the inequality is so pronounced that it is impeding and creating headwinds for the growth of the economy.
1:49.6	And specifically, over the last decade or so, the US economy and the global economy have grown more slowly than before.
2:00.0	We ask herself, what's going on? The problem is that there's not enough demand out there.
2:06.2	There's just not enough money that people want to mobilize by spending.
2:11.0	If you move some resources and I think the pandemic has
2:15.8	highlighted this from top income earners to folks in other parts of the
2:22.1	income distribution you create demand. Those higher income folks are
	...

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