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Politics and your Financial Plan: Episode 104

Politics and your Financial Plan: Episode 104

Released Thursday, 18th April 2024
Good episode? Give it some love!
Politics and your Financial Plan: Episode 104

Politics and your Financial Plan: Episode 104

Politics and your Financial Plan: Episode 104

Politics and your Financial Plan: Episode 104

Thursday, 18th April 2024
Good episode? Give it some love!
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Summary

In this episode, I look at the relationship between politics and the stock market. Please do not get caught up in the news cycle. You'll find that even though our current form of politics tends to be zero sum we are resilient people at the end of the day. I also provide some data about returns over time and walk through some of the events that happened over that period.  


Takeaways

  • Don't get too caught up in the news cycle and remember to gain perspective.
  • Politics can be idolatrous and may not have a significant long-term impact on the stock market.
  • Diversification and long-term investing are key to navigating market fluctuations.
  • Historical events have not significantly affected the long-term trajectory of the stock market.


Chapters

00:00
Introduction

00:58
The Relevance of the News Cycle

02:55
The Resilience of the Nation

03:24
The Data on Stock Market Returns

06:21
Historical Events and Market Performance

08:19
Politics and the Market Over Time

09:18
Don't Make Rash Decisions

09:48
Conclusion



Music by bensound.com




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From The Podcast

The Intangible Balance Sheet Podcast

Most people are familiar with their own balance sheet. As soon as we buy our first car house, we become aware of it. If you're of a certain personality type, you may track it quite a bit. But I'd submit to you that we're unconsciously aware of another balance sheet as well. And this one is pretty tricky to measure and even harder to manage. Sometimes, we often find it hard to put into words. But this is real. I call this our intangible balance sheet. What I mean by this is those life principles, experiences, memories, that given any amount of money, we wouldn't trade. They're the memories that bring tears of joy to our faces, because we simply just can't imagine life without them. We feel fortunate to have had could be our first jobs proposals, wedding days, birth, struggles, anxieties, fears, hindsight. It's all those things that melt into a memory that brings a distant stare and a smile to our face. showing those things that have made us us. That's what I'm talking about when I talk about the intangible balance sheet. It's those moments in life that may be financially irrational, but are indispensable parts of our life. So, these episodes are focused on stories that bring us joy, happiness, fulfillment, ultimately, may hold necessary keys that will direct the future of our family, friends, and neighbors. So listen in with us as we uncover some of those stories that are meaningful to our guests. And maybe you'll uncover hidden value on your own intangible balance sheet.Music by bensound.com

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