Understanding the Impact of the 2024 Elections on Your Investment Portfolio with Mike Smith (Ep. 26)
How can political shifts influence your investments?
In this episode, David welcomes back Mike Smith to navigate the murky waters of a post-election financial landscape and dissect the implications of the recent political power shift. With both the Presidency, Senate, and House now under one party’s control, the duo explores what this means for the markets, tax laws, and investors’ portfolios. David and Mike dive into a conversation that’s sure to enlighten retirees and investors alike, touching on critical topics such as market fluctuations, party control, and planning amidst policy changes. Tune in to understand the potential economic and market impacts of tariff changes, Trump tax cuts, and the ongoing AI and industrial infrastructure boom.
David and Mike discuss:
- (01:30) The effects of a single-party government on the stock market
- (04:06) Tax considerations and the likelihood of corporate tax changes
- (06:22) The economic impact of tariffs and deregulation
- (08:19) Predicting market corrections and the importance of staying informed
- (11:08) Why we might anticipate a market correction
- (18:33) Practical advice on navigating market volatility and potential tariffs
- And more
Resources:
- Book a consultation with us at www.rvawealthmanagement.com
Connect with David Koren:
Connect with Mike Smith:
- RVA Wealth Management
- LinkedIn: Michael Smith
- mike@rvawm.com
- (804) 622-1728
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