Ep.167 – Paul Fenner – Is the Election Over Yet? 

Podcast
Written By Paul Fenner

By the time this episode is released, I sure hope we have an answer to who won the 2024 presidential election. 

I wanted to take a few minutes to explain my strategy of how I have handled this current election cycle, highlighting what I have done and, more importantly what I have not done.  

While tuning out the noise of the election is hard, patience and long-term strategies must win out vs. over-reactive decision-making based on political outcomes.  Market performance is not solely dictated by what party is in power but rather by fundamental company performance and economic indicators.  

I encourage you to focus on your financial plan and the best ways to achieve it through our spending, savings, and investment strategies. 

Connect with Paul 

Contact Paul here or schedule a time to meet with Paul here. 

Follow Paul on LinkedIn, Instagram, and Facebook. 

And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics. 

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1 Big Idea to Think About

  • Successful portfolio management often requires patience and a focus on long-term fundamentals rather than reacting to short-term political or economic events.

1 Way You Can Apply This

  • Apply a long-term perspective in investing by focusing on the strength of individual companies and sticking to fundamental research rather than reacting to political or economic events. This approach, as Paul Fenner advises, helps avoid impulsive decisions and allows time in the market to work in your favor, rather than making quick bets on unpredictable market shifts.

1 Question to Ask

  • What steps can I take to better understand the fundamentals of my investments rather than making decisions based on macroeconomic predictions?

Key Moments From the Show 

  • 00:49 Importance of sometimes doing nothing in portfolio management.

  • 01:49 Avoiding predictions based on election results; example from 2016.

  • 02:43 Earnings season insights; mixed corporate performance in the same industry.

  • 04:01 Long-term focus over short-term macroeconomic predictions.

  • 05:19 Emphasis on fundamental research with technical analysis for investment decisions.

  • 05:47 Emotional impact of elections will pass, focus on what's truly important.

  • 06:51 Reflecting on individual purpose, family support, and best investment strategies.

Resources Featured in This Episode: 

Why You Should Keep Politics Out of Your Portfolio 

The Impact of Politics on Financial Planning: Navigating Market Trends 

 

Paul Fenner
Next

Ep.166 – Dr. Teryn Clarke – Building Healthy Habits: Overcoming Fear and Anxiety Through Tiny Changes