Last week we discussed the perceived negative economical outlook following the election, so let’s take some time to ease your minds. As the adage says, “This Too Shall Pass.” Some of our clients agree:
President John Hillis, Hillis Financial Services
“If we had to emphasize one mantra on investment it’s the importance of maintaining a long-term perspective. Investors need to do their best to block out the hype of the Presidential Election and keep their emotions in check. Over the long term, the economic cycle and market fundamentals are far more important drivers of the stock market than politics. Politics can have a short-term impact, but in general a focus on long-term economic and market fundamentals will help investors achieve their investment goals.”
Director of Investments Brian Tall, Brighton Jones
“The upcoming US Presidential election is perhaps the most divisive anyone has experienced. As details of the candidates’ plans for office emerge, we will hear of studies that suggest the economy will plunge or prosper. The reality is that economic studies are better at explaining the past than they are at predicting the future. Just look at the recent referendum vote in the United Kingdom. Economists, central bankers, and financial institutions warned the British public of dire consequences should they vote to leave the European Union. Well, they voted themselves out of the European Union and nothing happened…except for a double-digit rally in global equity markets! We believe investors will be best served sticking to their long-term plan—of course, assuming their current investment strategy is well-diversified across companies, sectors, regions, and asset types.”
About the Businesses:
Hillis Financial Services is an independent, personal wealth planning firm focused on managing the “irreplaceable assets” of its clients, families and individuals, many of whom are small business owners. The team has more than 70 years collective experience in managing portfolios.
Brighton Jones is a wealth management fund based in Seattle, with offices in Portland, San Francisco, Scottsdale, and Washington, D.C. The company has been recognized as one of Barrons’ “Top 100 Independent Wealth Advisors,” one of Forbes’ “Top 50 Wealth Advisors,” a “Top 100 Fee-Only Wealth Management Firm” by CNBC, and one of Seattle Business Magazine’s “Best Place to Work.”