Election Year Voodoo?

By John R Burch, CFP®, CKA®

Many conversations have been had over the last couple of months about witches and warlocks, and I’m not speaking of the time honored tradition of candy gathering that happens in a week or so.  The national political scene is my point of reference and I certainly do not mean anything personal in the allusion.  Rather, some of the conversations I have had with clients and colleagues tend nearly to the point of formulaic spell-binding about how the financial markets, and thus their personal financial condition will be impacted (not might mind you) with a change of administration and power.  Oh, by all means, political winds blow and can impact markets, economies and financial decisions.


But, a wise steward must ask, does this necessarily impact the way I manage the resources with which I am entrusted?    My answer is… not really.


There are certainly ample studies that would support “thus-and-such” results to an investment portfolio when an administration changes, and “thus-and-such” results if the parties in power are split, and “thus-and-such” may happen if power is consolidated by a single party.  If you really need to know, explore the myriad of combinations on a web search.  While you might consider these historical patterns, along with other market factors that influence the value of both financial wealth, real property and incomes, the wise steward would better default to timeless principles that govern one’s perspective on wealth through all periods of time both stable and un-stable, calm or contentious.


For example, the principles of spend less than you earn or give generously can apply in all political environments.  The wisdom of borrow cautiously/re-pay debt quickly or properly insure risks that may derail your long term financial plan do not necessarily hinge on who is elected or what policies are changed.  The investment strategy of diversification and harvesting cash flow is consistent with any economic condition.  The concept of wealth accumulation through steady and methodical saving (not get rich quick schemes) can work in all political and economic seasons.   No matter the election result, choosing, preparing and properly transitioning wealth to the next steward(s) must always be a careful and intentional concern.


I am grateful that, as an American, I have a voice in my government.  I encourage you to dispel the belief that the results of the upcoming election should change your stewardly approach to money and wealth management.  Go and exercise your personal rights and vote your conscience in the upcoming election for every office you have the opportunity to influence.  Then walk away from the voting booth with confidence that your individual financial plan will succeed when you adhere to these timeless principles.


If you need to revisit some or all of these basic financial planning principles, let’s have a review and get back on track.  Thank you for the privilege to serve you.


For further study, please see the following references that support these principles:

1Thessalonians 4:11-12; Philippians 4:11; Proverbs 22:7, 26-27;1 Timothy 5:8; Ecclesiastes 11:1-2; Proverbs 28:20; Luke 15:11-32



“This material is intended to be educational in nature, and not as a recommendation of any particular strategy, approach, product or concept for any particular advisor or client.  These materials are not intended as any form of substitute for individualized investment advice.  The discussion is general in nature, and therefore not intended to recommend or endorse any asset class, security, or technical aspect of any security for the purpose of allowing a reader to use the approach on their own.  Before participating in any investment program or making any investment, clients as well as all other readers are encouraged to consult with their own professional advisers, including investment advisers and tax advisors.  Camelot Advisors can assist in determining a suitable investment approach for a given individual, which may or may not closely resemble the strategies outlined herein.”


“Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client’s investment portfolio.”


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