Election Season
Election season can be difficult for investors of all political stripes. Uncertainty abounds. It’s easy to tie a piece of one’s identity to a candidate or party. If they win, we feel like winners. If they lose, we feel diminished. As far as investing goes, however, our candidates’ fates have about as much impact on our fortunes as our favorite sports teams. Election Season There is speculation every election season about who’s going to be in control. The color-coding of red vs blue that was supposed to be temporary has been branded into the country’s psyche, a Terrible Towel for your tribe to twirl. Proposals that are labeled anti-business are soon adopted and re-packaged as protecting American jobs. Negotiations between parties begin with the numbers. One side wants $1 trillion. The other wants $3 trillion. Only when the parties come close to agreeing on the amount of spending do they…