Good morning,

As October gallops away with us and we draw closer to the presidential election, we’re hearing from some of you that you’re concerned about the election results in terms of the stock market. We wanted to offer some words of reassurance and clarify our strategies to put your minds at ease.

The truth is, we stick to long term objectives based on our decades of experience and working with hundreds of clients over the years. Our clients have long term plans that allow us to allocate investments together in a way that aligns with their unique long-term objectives. We do this through diversifying in bonds, many other asset classes, and in setting aside needed future income.  Should the markets depreciate in the short term, we take your income distribution from the fixed income allocation of your portfolio when the market goes down so your investments can ride out any instance of the markets going awry.

One of the things to navigate with investments and putting them into cash when you’re worried about an election is timing both that withdrawal and the reentry into the market. You must be right twice!  Cashing out in moments of volatility can mean missing a big run up. Remember, it’s our job to make sure your portfolio is performing at its best and that you have enough to live on. Collectively, we have over 100 years of experience dealing with the emotional side of money management. We’ve seen and been through it all, and can use our experience to your benefit. One thing we’ve learned is that where it feels the worst and hurts the most is where potential opportunity exists. So the election in November will come and then go–know that we have your short- and long-term financial plan all mapped out regardless of the election outcome.

In other good news, it seems that people are increasingly able to travel and take advantage of remote work opportunities. One study on corporate culture found that about ⅓ of American jobs can be done remotely, and another showed that 82% of company leaders plan to offer remote work at least part time after the COVID-19 pandemic is over.

This has been great news for the RV market as families purchased and rented RVs to travel safely during the pandemic all summer long. Now a fall trend is emerging because the ability to do work and school remotely means that people are taking to the road and enjoying the scenery while keeping up with their educational and professional goals.

People are also taking “flexcations”–longer stays and midweek visits–often to atypical fall travel destinations. Whether working or relaxing, it’s wonderful that so many people are taking advantage of this sometimes stressful time to see the sights and enjoy beautiful scenery.

Past performance is no guarantee of future results.  Securities offered through Triad Advisors, member FINRA/SIPC. Advisory Services offered through Obsidian Personal Planning Solutions, LLC. Obsidian Personal Planning Solutions, LLC, and Obsidian Personal Planning Solutions, Inc, are not affiliated with Triad Advisors.