Since the mid 1940s, there have been constant changes in our Government Administrations. With those changes came different economic philosophies that helped decide the drumbeat on Wall Street for the following 4 or 8 years. I believe it is important to realize that Wall Street doesn’t very much care about who is sending them money or why. Wall Street is a transactional place. Whether money is being sent through them to follow a visionary dream of flying cars, or it is going towards an all-union infrastructure project that is completely government run, Wall Street is happy.
So, we have changed seasons once again and we don’t quite know what to expect from the current Administration. As each season since President Truman has shown us, it may very well involve the expansion of government run programs and possibly large-scale government run projects. I, for one, am hopeful for some positives out of this next four years with infrastructure being one of them. I will also remain optimistic that Americans on every level prosper and maintain the freedoms that those before us have died to keep sacred.
Let us end this blog where we started. Wall Street doesn’t care where the money comes from. They are there to do so many additional things. They make markets where there were none, they take companies public whether they look good on paper or not, and they make many good things happen that would seem too dicey for the average investor to go in on. The money managers we hire for your investments take it from there. They create the strategies that we, as advisors, deliver to our clients’ financial plans and carefully select the companies and sectors to invest in. We, as advisors and managers, have a fiduciary duty to act in the best interest of our client. Your money is being managed with careful hands because if you are doing well so is your manager or your advisor. We all have an intrinsic interest in your success. We are all incentivized to see you reach your personal financial goals.
In this new season we will continue to keep you informed and advise you to the best of our abilities. We appreciate the privilege to serve you and look forward to our next meeting with you.
If you’d like to make an appointment to go over your options or answer questions, we’re happy to help.
The views and opinions expressed herein are those of the author(s) noted and may or may not represent the views of the Lincoln Investment Companies.