The Election Burn

Recently, the State of Hawai’i has reopened to visitors and with that, I am reminded of the days when the most dangerous aspect for our guests to confront was not Covid-19, but simply, a painful sunburn. Every year, without fail many tourists eagerly flee their cold winter homes for the sunny skies and warm waters of Hawai’i- the good old days…

Subsequently, many of these visitors lay out under the intense tropic rays too long and end up with a painful sunburn instead of the Coppertone tan they see on their favorite celebrities (spray tan, by the way, but I digress).

As election day 2020 approaches, the media blitz has created what can feel like blinding and scorching sunshine glaring down onto all of us investors. I have noticed that more and more investors are spending excessive amounts of time trying to predict Investment implications from this election.

Similar to the sunburnt tourists, investors may be ‘sunbathing’ a bit too long under the glare of the media conjecture while foregoing common sense civic precedents.

Presidential and congressional elections are consequential but not solely based on which party wins power. It is the policies that politicians create and the legislation that gets passed that can have an effect on the Investment Markets and differing industries to varying degrees.

As a financial advisor, it is times such as this that I want to share a sage piece of advice in regard to this election in particular…Do not worry too much about which party wins the election, but instead focus on the potential impacts of legislation that actually gets passed.

Just like the “Malihini” visiting our beautiful state, don’t forget to take a break from sitting on the beach as the sun burns your skin (turn off the news!). Go jump in and enjoy the coolness of the ocean. And if you are intimidated by ocean surges & waves (market changes), get out and ask the lifeguard on duty (your personal financial advisor) for his or her guidance, but don’t forget the sunscreen!

Any opinions are those of Taylor Easley and not necessarily those of Raymond James.

Investing involves risk and investors may incur a profit or a loss.