In this episode, Brent, Matthew, and Joshua dive into the 2024 election results and discuss how the political changes may impact financial markets, investment strategies, and retirement planning. From analyzing tax implications to exploring market shifts, they offer insights to help listeners make sense of the evolving financial landscape.

[00:01:00] Introduction to the Election and Market Sentiment

• The team discusses initial reactions to the election results.
• Observations on the impact of leadership changes on investor confidence.

[00:04:30] Polling Surprises and Election Trends

• A look at surprising poll results and prediction markets.
• Analysis of how the election outcomes differ from expectations.

[00:08:00] Financial Market Response: Stocks, Banks, and More

• Insight into why bank stocks surged post-election.
• Sectors that may benefit from policy shifts, including banking, value stocks, and technology.

[00:15:00] Potential Tax Changes and Policy Shifts

• How anticipated changes in tax policies could impact portfolios.
• Estate tax discussions and the broader implications for high-net-worth individuals.

[00:20:00] Key Concerns: Inflation, Tariffs, and Economic Growth

• Discussion on possible inflation trends and tariff impacts.
• Exploring potential inflation control strategies and how they could affect future markets.

[00:28:00] Closing Thoughts and Market Outlook

• Brent, Matthew, and Joshua provide their final takes on the election’s long-term implications.
• What investors should consider in their financial plans amid these political changes.

Connect with Evermont Wealth:

• matthew@evermont.com
• joshua@evermont.com
• (909) 296-7977
• Evermont.com
• LinkedIn: Matthew Theal
• LinkedIn: Brent Pasqua
• LinkedIn: Joshua Winterswyk
• LinkedIn: Evermont Wealth

In this episode, the hosts dive deep into the importance of gifting and inheritance strategies. They explore how families can effectively transfer wealth, minimize tax burdens, and create meaningful impact through well-timed gifts. They also discuss the psychological and emotional aspects of giving and how to approach conversations around wealth transfer with loved ones.

Key Topics Covered:

World Series Discussion

The hosts kick off the show with a light discussion about the Dodgers’ return to the World Series and how baseball brings joy and nostalgia.

Negativity and Financial Media

Brent, Matthew, and Josh discuss the pervasive negativity in both the media and in personal financial perspectives, particularly how clients often assume the worst, even when their portfolios are doing well.

Gifting and Generational Wealth Transfer

The conversation shifts to the main topic: gifting. The hosts discuss the emotional reluctance many older clients feel when it comes to gifting money to their children, and how families often struggle with the idea of wealth transfer.

Strategies for Effective Gifting

The hosts explain strategies to minimize taxes when gifting, including gifting shares with low-cost bases to children in lower tax brackets. They also highlight the benefits of front-loading 529 plans for education savings.

Encouraging Gifting as a Positive Legacy

Brent emphasizes the importance of not only gifting financially but also creating shared experiences. He encourages older generations to consider family vacations or experiences while they’re still able to enjoy them together.

How to Start Conversations Around Gifting

Joshua raises the point that families often don’t communicate enough about finances, which can lead to missed opportunities. The hosts offer advice on how to initiate these important discussions with parents or grandparents.

Practical Gifting Examples and Financial Planning Insights

Real-life examples of clients who have successfully used gifting strategies are discussed. The team also explains how to integrate gifting into an overall financial plan without disrupting the retirement lifestyle of the giver.

Wrap Up and Recommends

The hosts wrap up the show with a positive message about the benefits of well-planned gifting, both financially and emotionally. They also share their personal recommendations, including holiday lights and technology tips.

Connect with Evermont Wealth:

• matthew@evermont.com
• joshua@evermont.com
• (909) 296-7977
• Evermont.com
• LinkedIn: Matthew Theal
• LinkedIn: Brent Pasqua
• LinkedIn: Joshua Winterswyk
• LinkedIn: Evermont Wealth

Hosts Brent, Matthew, and Josh introduce the show, focusing on investment strategies, retirement planning, and current events. They discuss the importance of adaptability in volatile times, especially during political and economic uncertainty.

[00:01:00] - Social Media and Distractions

- The team discusses the distractions of social media platforms like Facebook, Instagram, and TikTok, highlighting how modern social media can clutter your life and be a source of misinformation.

[00:03:30] - Political Events and Market Volatility

- Discussion about the recent dock strike, unrest in the Middle East, and how these geopolitical events spooked the market.

- Impact on oil prices and how the market reacts to major global events.

[00:07:00] - Election Talk: Trump vs. Harris

- The team dives into the upcoming election, debating whether the election results will have significant effects on the market.

- Mention of Vegas odds favoring Trump by 3%, followed by speculation on how political changes could impact future market performance.

[00:10:30] - Does Politics Really Affect the Market?

- Brent and Matthew share historical data on how the market performs under Democratic versus Republican presidencies.

- Key stat: Staying invested through different political regimes yields better long-term results than trying to time the market based on elections.

[00:14:00] - How Presidents Impact Market Performance

- Analysis of market performance under different presidents, including Bush, Obama, Clinton, and Reagan.

- Discussion on how long it takes for presidential policies to affect the market and how much control a president really has over economic outcomes.

[00:19:00] - Volatility Before and After Elections

- The hosts discuss how volatility spikes before elections, especially in September and October, and how markets tend to calm down after elections through Inauguration Day.

[00:21:00] - Diversification and Safe Haven Assets

- The team stresses the importance of maintaining a diversified portfolio during times of uncertainty, with safe haven assets like gold and treasury bonds being key components.

- Matthew's take on investing in gold, and whether physical gold or gold ETFs are better options.

[00:26:00] - Thematic and Political ETFs

- The hosts introduce the concept of political and thematic ETFs, where you can invest in companies based on states or political ideologies, like the Texas-only ETF.

- Insight into how political themes can influence stock performance and fund creation.

[00:30:00] - Election Investment Strategies

- Josh shares practical strategies for navigating election-related uncertainty, such as staying diversified, investing in safe havens, and adjusting portfolio allocations as needed.

[00:33:00] - Betting on States: Texas vs. California

- Fun debate on which states would be better for long-term investment, particularly with many companies leaving California for Texas.

[00:35:00] - The Role of Behavioral Investing

- The team discusses how investing behaviorally, with moves like allocating 5-10% of portfolios into gold or state-based funds, can psychologically relieve concerns during election periods.

[00:36:00] - Wrapping Up: Diversification is Key

- Final thoughts on the importance of staying invested and diversified through elections, global crises, and market volatility.

Connect with Evermont Wealth:

• matthew@evermont.com
• joshua@evermont.com
• (909) 296-7977
• Evermont.com
• LinkedIn: Matthew Theal
• LinkedIn: Brent Pasqua
• LinkedIn: Joshua Winterswyk
• LinkedIn: Evermont Wealth