Wealthsmith Financial Planning – 4th Quarter Update -October 31, 2024-Election Edition

Have you had enough of the political signs? Commercials? Facebook posts? Me too!

Well, it is almost here. November 5th is just 5 days away. No matter what happens, I know that I will still be going to work the next day. Of course, given the number of legal challenges that are already being run up to the Supreme Court regarding who is eligible to vote and who is not, we will most likely not know the actual results of the election for some time after the 5th .

So, what does that mean for our investments? What does that mean for the economy? Is Trump going to create greater inflation? Is Harris going to increase inflation? Is Trump going to tank the economy? Is Harris going to tank the economy?

Well, if history is any guide, though we may see some volatility over the next week to three weeks, I doubt we have much if anything to worry about in the long term. Let’s look at some history:

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