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Investment Insights: What If My Candidate Doesn’t Get Elected?
With the 2024 election looming just a few weeks away, it's difficult to tell which candidate will win. Both candidates have made firm statements regarding their economic plans and policies, and of course, these plans differ based on their parties and goals. But will these economic policies impact your investments one way or the other after someone takes office? What if your candidate doesn't get elected, and the other team's policies are put into play?
The good news is that, statistically, your investments are quite safe.
Investments Remain Steady Through Elections
20 of the last 24 election years have shown steady stock market performance no matter who was elected, Republican or Democrat. In these 20 election years, the S&P 500 continued to provide an average of 11% returns. Over the last century, Dow Jones has provided a steady average of 10% returns, regardless of who was in office.
The reality is that the momentum of the investment market is greater than the political fluctuations of government leadership. Smart investments from last year will likely stay strong, and political policies rarely have a significant impact on them.
The Fed Has the Most Economic Influence
Regarding the profitability of investments and overall economic performance, the Fed has far more influence than the president or their administration. When the president or their lawmaking team releases a new economic policy, the effects are often unpredictable and not as impactful as intended. For example, the Affordable Care Act did not reduce hiring capacity, and the Tax Cut and Jobs Act did not significantly change the business landscape.
However, Fed policy changes have clearly had a more profound impact. Tighter financial policies negatively impacted the first two years of the Trump presidency, while the Obama presidency saw economic growth due to generous interest rates.
This Year, the Focus Is On Taxes
What are the economic policies being discussed by candidates in the coming election? Both candidates focus primarily on taxes that might subtly shift the balance toward large or small corporations or affect the cost of living. Harris focuses on tax deductions for small businesses, while Trump has proposed reducing corporate taxes for domestic-producing companies. Neither system will likely have an overwhelming impact on the long-term viability of your stock portfolio.
Maintain Your Long-Term Investments
The most important thing to remember is that long-term investments provide the most significant advantage when you stick to your long-term strategy. Election years may bring turmoil in many ways, but who is in the White House rarely has a major influence on the long-term profitability of investments or the overall inertial growth of the business sector. If you have invested wisely, your investment strategy can and should remain unchanged. History has shown that those who stay the course consistently see greater returns than those who enter and leave markets with the political winds.
What If Your Candidate Doesn't Win?
Perhaps one candidate is proposing policies that could benefit your portfolio. Maybe the other candidate proposes policies that seem less favorable. We believe that your finances will likely remain steady and long-term strategies will retain their viability, no matter who is elected.
While short-term volatility often spikes around election periods, the market tends to stabilize as uncertainty fades. Instead of reacting emotionally to election results, staying focused on your long-term goals and a well-diversified portfolio is crucial. Elections come and go, but a solid financial strategy can weather any political shift.
Contact us today for solid financial advice to help you invest confidently through the election.
Any opinions are those of Dale Crossley and Evan Shear are not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions, or forecasts provided in the attached article will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected, including asset allocation and diversification.
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Dale Crossley Named to Raymond James 2024 Chairman’s Council
Market downturns are inevitable, and the most successful strategy during these times is to take advantage of potential values and keep your eye on your long-term financial plan.
- "If you wait for the robins, spring will be over.” – Warren Buffet
- “Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.” – Warren Buffet
- "You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets." — Peter Lynch
- “In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.” – Warren Buffet
- "Bad news is an investor's best friend. It lets you buy a slice of America's future at a marked-down price.” – Warren Buffet
- "In investing, what is comfortable is rarely profitable." — Robert Arnott
- "Never bet against America. That is as true today as it was in 1789, during the Civil War, and in the depths of the Depression.” – Warren Buffet
- “The true investor welcomes volatility… a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses.” – Warren Buffet
- “How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” — Robert G. Allen
- "When hamburgers go down in price, we sing the "Hallelujah Chorus" in the Buffett household. When hamburgers go up, we weep.” – Warren Buffet
- “Invest for the long haul. Don’t get too greedy and don’t get too scared.” – Shelby M.C. Davis
- “I will tell you how to become rich. Close the doors, be fearful when others are greedy. Be greedy when others are fearful.” – Warren Buffet
- “A market downturn doesn’t bother us. It is an opportunity to increase our ownership of great companies with great management at good prices.” – Warren Buffet
- “All intelligent investing is value investing. Acquiring more that you are paying for. You must value the business in order to value the stock.” — Charlie Munger
- “The best chance to deploy capital is when things are going down.” – Warren Buffet
- “Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.” – Warren Buffet
- “I love quotes… but in the end, knowledge has to be converted to action or it’s worthless.” — Tony Robbins
CrossleyShear Wealth Management’s Partners, Evan Shear and Dale Crossley, Once Again Named to Forbes Best-in-State Wealth Advisors List
HEATHROW/MERRITT ISLAND, FLORIDA, April 12, 2023 – CrossleyShear Wealth Management (CrossleyShear), a team of premier financial planning and wealth management advisors, announced today that CrossleyShear founding partners Evan Shear and Dale Crossley have been named to the Forbes distinguished list of Best-in-State Wealth Advisors for 2023. This is the third consecutive year both Shear and Crossley have appeared on this prestigious list and the sixth consecutive year that at least one partner has received the honor. Nominees are carefully vetted through research and interviews and assigned a ranking based on an algorithm of qualitative and quantitative criteria. For 2023, Forbes received approximately 39,007 nominations and only 7,321 advisors received the award.
“Dale and I are once again honored and proud to appear on the Best-in-State Wealth Advisors list, but view this as an important recognition for our entire team. Their dedication and commitment to providing comprehensive financial planning and client-centric care is the foundation of our success,” said Evan Shear, Co-Founder and Branch Manager of CrossleyShear Wealth Management and CERTIFIED FINANCIAL PLANNER™ professional. “Above all, we thank our clients for this honor, for consistently placing their trust and confidence in us through market ups and downs,” added Dale Crossley, JD, Co-Founder of CrossleyShear Wealth Management, Branch Manager and Financial Planner – RJFS.
To learn more about CrossleyShear Wealth Management and the team’s financial planning and wealth management solutions, visit CrossleyShear.com. For more information about CSsports, visit CSsports.net.
About CrossleyShear Wealth Management | Since 1998, CrossleyShear Wealth Management has served as a premier financial planning team dedicated to helping provide clients and families with innovative financial solutions and wealth management strategies. With offices in Heathrow and Merritt Island, Florida, the company’s tailored customer care philosophy and customized planning process helps empower its clients to achieve their financial goals and financial independence. Their professional athlete division, CSsports, is exclusively dedicated to serving the unique needs of sports professionals before, during and after their playing careers. Visit CrossleyShearWealthManagement and CSsports.net to learn more.
1515 International Parkway, Suite 2019, Heathrow, FL 32746
407.215.7575
2395 N. Courtenay Parkway, Suite 201, Merritt Island, FL 32953
321.452.0061
CrossleyShear Wealth Management and CSsports are not registered broker dealers and are independent of Raymond James Financial Services. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC.
Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The Forbes Top Wealth Advisors Best-In-State 2023 ranking, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and quantitative data. This ranking is based upon the period from 6/30/2021 to 6/30/2022 and was released on 4/4/2023. Those advisors that are considered have a minimum of seven years of experience, and the algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. Out of approximately 39,007 nominations, 7,321 advisors received the award. This ranking is not indicative of an advisor’s future performance, is not an endorsement, and may not be representative of individual clients’ experience. Neither Raymond James nor any of its Financial Advisors or RIA firms pay a fee in exchange for this award/rating. Raymond James is not affiliated with Forbes or Shook Research, LLC. Please visit https://www.forbes.com/lists/best-in-state-wealth-advisors/?sh=181ba856ab97 for more info.
CrossleyShear Wealth Management’s Evan Shear and Dale Crossley Named Again to Forbes’ List of Top Wealth Advisors
HEATHROW/MERRITT ISLAND, FLORIDA, April 12, 2022 – CrossleyShear Wealth Management (CrossleyShear), a team of premier financial planning and wealth management advisors, announced today that both founding partners, Evan Shear and Dale Crossley, have been named to the Forbes' prestigious 2022 list of America’s Best-in-State Wealth Advisors. Out of approximately 34,925 nominations, the annual ranking spotlights more than 6,500 advisors who are researched, interviewed, and assigned a ranking based on an algorithm of qualitative and quantitative criteria. This is the fifth consecutive year CrossleyShear has been appeared on the distinguished list.
“This honor continues to be a humbling achievement for me, Dale and the entire CrossleyShear team. It’s also a tribute to our clients who place their trust in us on a daily basis. We understand the important role we play in our client lives. It’s this very responsibility that drives our culture and mission,” stated Evan Shear, Co-Founder and Branch Manager of CrossleyShear Wealth Management, and CERTIFIED FINANCIAL PLANNER™ professional. “This recognition is a testament to our team’s commitment and dedication to delivering the very best in care and financial planning to our clients. It’s a passion that continues to be the foundation of our individual and collective success,” added Dale Crossley, JD, Co-Founder of CrossleyShear Wealth Management, Branch Manager and Financial Planner – RJFS.
To learn more about CrossleyShear Wealth Management and the practice’s financial planning and wealth management solutions, visit CrossleyShear.com. For more information about CSsports, visit CSsports.net.
About CrossleyShear Wealth Management | Since 1998, CrossleyShear Wealth Management has served as a premier financial planning team dedicated to helping provide clients and families with innovative financial solutions and wealth management strategies. With offices in Heathrow and Merritt Island, Florida, their tailored customer care philosophy and customized planning process helps empower its clients to achieve their financial goals and financial independence. The company’s CSsports division exclusively serves the unique needs of professional athletes – before, during and after their sports career – providing customized solutions ranging from everyday spending advice and retirement planning to managing investments, insurance and business planning. For more information about CrossleyShear Wealth Management and CSsports, visit CrossleyShear.com.
1515 International Parkway, Suite 2019, Heathrow, FL 32746 | 407.215.7575
2395 N. Courtenay Parkway, Suite 201, Merritt Island, FL 32953 | 321.452.0061
CrossleyShear Wealth Management and CSsports are not registered broker dealers and are independent of Raymond James Financial Services. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC.
Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
The Forbes ranking of Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of seven years of experience, and the algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. Out of approximately 34,925 nominations, more than 6,550 advisors received the award. This ranking is not indicative of an advisor's future performance, is not an endorsement, and may not be representative of individual clients' experience. Neither Raymond James nor any of its Financial Advisors or RIA firms pay a fee in exchange for this award/rating. Raymond James is not affiliated with Forbes or Shook Research, LLC. Please visit https://www.forbes.com/best-in-state-wealth-advisors for more info.
Evan Shear Named Member of Raymond James’ 2022 Chairman’s Council
HEATHROW/MERRITT ISLAND, FLORIDA, November 2, 2021 – CrossleyShear Wealth Management (CrossleyShear), a leading financial planning and wealth management firm based in Merritt Island and Heathrow, Florida, announced today that Evan Shear was recently named a member of Raymond James’ 2022 Chairman’s Council.* A privilege limited to a select few, membership in the Chairman’s Council acknowledges Raymond James’ top achieving advisors. The honor of Chairman’s Council status is earned by financial advisors demonstrating the utmost in fiduciary integrity, coupled with a dedication to providing exemplary client-centric care.
“While I’m personally honored to be named to the 2022 Chairman’s Council, this achievement is truly a tribute to our entire CrossleyShear team and their incredible commitment and passion,” stated Evan Shear, Co-Founder and Branch Manager of CrossleyShear Wealth Management, and CERTIFIED FINANCIAL PLANNER™ professional. “Our clients expect and deserve the very best in service and performance. It’s our passion to not only take excellent care of our clients and families, but to provide each with the financial confidence their goals are always within reach, no matter what life brings them. It’s what inspires us on a daily basis. This recognition is a testament to that commitment.”
Evan Shear, together with Dale Crossley, founded CrossleyShear in 1998 and has spent the last 25 years building comprehensive financial plans and providing time-tested wealth management strategies. CrossleyShear manages more than $700 million** in client assets and offers a wide variety of services, including retirement planning, investment and asset management, trust and estate planning, education planning and executive wealth management. The company also serves the complex financial and wealth management needs of sports professionals through CSsports, a division of CrossleyShear Wealth Management.
To learn more about CrossleyShear Wealth Management and the team’s financial planning and wealth management solutions, visit CrossleyShear.com. For more information about CSsports, visit CSsports.net.
About CrossleyShear Wealth Management | Since 1998, CrossleyShear Wealth Management has served as a premier financial planning team dedicated to helping provide clients and families with innovative financial solutions and wealth management strategies. With offices in Heathrow and Merritt Island, Florida, the company’s tailored customer care philosophy and customized planning process helps empower its clients to achieve their financial goals and financial independence. Their professional athlete division, CSsports, is exclusively dedicated to serving the unique needs of sports professionals before, during and after their playing careers. Visit CrossleyShear.com and CSsports.net to learn more.
About Raymond James Financial Services
Raymond James Financial Services, Inc., is a financial services firm supporting more than 4,300 independent financial advisors nationwide. Since 1974, Raymond James Financial Services Inc., member FINRA/SIPC, has provided a wide range of investment and wealth planning related services through its affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both broker/dealers are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF), a leading diversified financial services company with approximately 7,900 financial advisors throughout the United States, Canada and overseas. Total client assets are $824 billion*.
Trust services offered through Raymond James Trust, N.A., a subsidiary of Raymond James Financial, Inc. CrossleyShear Wealth Management and CSsports are not registered broker dealers and are independent of Raymond James Financial Services. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC.
*Membership is based on prior fiscal year production. Re-qualification is required annually. The ranking may not be representative of any one client’s experience, is not an endorsement, and is not indicative of an advisor’s future performance. No fee is paid in exchange for this award/rating.
**As of 10/20/2021.
Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
1515 International Parkway, Suite 2019, Heathrow, FL 32746 | 407.215.7575
2395 N. Courtenay Parkway, Suite 201, Merritt Island, FL 32953 | 321.452.0061
Securities are offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. CrossleyShear Wealth Management is not a registered broker/dealer and is independent of Raymond James Financial Services.