Watching the market’s reaction to the surprise Donald Trump victory over the last week has been a lot like riding Space Mountain. The first fourteen hours had a 1,000-point swing in the Dow, a phenomenon we wrote about last week.
Harris Financial Advisors recently held a series of presentations in conjunction with the Miller Center, a non-partisan public policy think tank. We listened to secret recordings from the Kennedy, Johnson and Nixon administrations and discussed their relevance to the recent Presidential election.
Watching the election results I am overcome with a feeling of déjà vu. The Brexit vote was a shock for many of the same reasons as tonight’s results are a shock – the polls predicted a Clinton victory just as a Brexit Stay victory was predicted.
Reflecting back on 3rd quarter asset class performance, disappointments were few and far between. Stocks provided solid returns across the globe, as domestic and global bonds inched forward. Real estate’s climb paused and commodities retraced earlier gains. Investors welcomed the mostly upward trend as last quarter ended with volatility surrounding Brexit.
When I first started as a summer intern with Harris Financial Advisors (HFA) in June 2016, I had no idea what to expect. I didn’t know what a Registered Investment Advisor (RIA) was, how to approach the management of a client’s wealth, or any part of the intricate operational process that provides the backbone for everything we do to best serve the client.
On: Jun 3 2016 | Category: College Planning
Have your estate planning attorney draft documents for your college-bound child to make her wishes known and to appoint an agent to make healthcare and financial decisions in the event of a disabling event or accident.