{"id":96120,"date":"2016-09-28T16:08:04","date_gmt":"2016-09-28T20:08:04","guid":{"rendered":"http:\/\/countingpips.com\/?p=96120"},"modified":"2016-09-28T16:08:04","modified_gmt":"2016-09-28T20:08:04","slug":"clinton-or-trump-either-way-americans-need-to-review-their-money-plans","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/09\/clinton-or-trump-either-way-americans-need-to-review-their-money-plans\/","title":{"rendered":"Clinton or Trump: either way Americans need to review their money plans"},"content":{"rendered":"
September 28, 2016<\/div>
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By George Prior<\/em><\/strong><\/p>\n

Whoever gets the keys to the White House, change is on its way and Americans need to act now to shore-up their finances, affirms the boss of one of the world\u2019s largest independent financial advisory organizations.<\/p>\n

Nigel Green, founder and CEO of deVere Group, is speaking out after the first presidential debate between Hillary Clinton and Donald Trump.<\/p>\n

He comments: \u201cThis race to the White House is too tough to call.\u00a0 But one thing is for certain: this unusual election cycle has changed U.S. politics and this will impact how Americans create, grow, maximise and protect their finances moving forward.<\/p>\n

\u201cWhether it is Clinton or Trump who gets the keys to the White House, change is on its way. Americans need to act now to shore-up their finances. Failure to act sooner rather than later could mean missing out on important opportunities and hitting some avoidable pitfalls.\u201d<\/p>\n

Mr Green continues: \u201cShould Trump win, there is likely to be an immediate negative shock in the financial markets due to increased levels of uncertainty and a shaking up of the status quo.\u00a0 In response, it can be expected that the Fed will hold off implementing another interest rate hike until 2017, giving another short-term boost to equities.<\/p>

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\u201cIn the longer-term, Trump could preside over looser fiscal policy, including increasing the defence budget and cutting taxes.\u00a0 This would constitute a demand uptick for the U.S. economy.<\/p>\n

\u201cThat said, he has some controversial protectionist policies that could impede real, sustainable economic growth.<\/p>\n

\u201cShould Clinton win, the financial markets are likely to immediately bounce as they breathe a collective sigh of relief \u2013 they highly value the continuity she represents.\u00a0 In response, it can be expected that the Fed will raise rates this year, which will be a short-term boost to Treasuries and put equities under pressure.<\/p>\n

\u201cHowever, any financial malaise that could potentially be created is likely to be tempered by the markets\u2019 general sense of relief.<\/p>\n

\u201cThat said, even with Clinton there would be\u00a0changes ahead. For instance, like Trump, she has also jumped on the anti-globalisation bandwagon and this could damage longer-term economic growth.\u00a0 In addition, tax hikes are likely to be on their way for wealthier American families.\u201d<\/p>\n

Mr Green goes on to say: \u201cChange is around the corner.\u00a0 Whatever happens, there will be key opportunities you will want to take advantage of and risks you will want to mitigate.<\/p>\n

\u201cThe best advice right now is to review your financial strategy to ensure the changes will be beneficial to your wealth.\u201d<\/p>\n

Nigel Green, the deVere Group CEO, concludes: \u201cInvestors should be ensuring that their portfolios are properly diversified, they should be aware of their tax liabilities and how they could change and, most importantly, they should seek professional independent advice.<\/p>\n

\u201cVigilance is crucial at the moment.\u00a0 Complacency should not be an option if you\u2019re serious about growing and protecting your wealth.\u201d<\/p>\n

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deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.\u00a0 It has a network of more than 70 offices across the world, over 80,000 clients and $10bn under advisement.<\/em><\/p>\n

www.devere-group.com<\/a><\/p>\n

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By George Prior Whoever gets the keys to the White House, change is on its way and Americans need to act now to shore-up their finances, affirms the boss of one of the world\u2019s largest independent financial advisory organizations. Nigel Green, founder and CEO of deVere Group, is speaking out after the first presidential debate […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-96120","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=96120"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96120\/revisions"}],"predecessor-version":[{"id":96121,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96120\/revisions\/96121"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=96120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=96120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=96120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}