Election Day 2020 – My thoughts and what you need to focus on
/in Economy, Election /by adminWhat’ll happen with the outcome of the election?
/in Behavioral Finance, Economy, Election, Financial Planning, Stock Market /by adminHi, I’m Jamie Lima with Woodson Wealth Management, and I’m here to help you keep cool, calm, and collected in these uncertain times.
I’ve been hearing many questions and concerns from folks about the upcoming elections, especially in light of the President’s previous COVID situation, and the turmoil in Washington.
Trump supporters are worried about a Biden win.
Biden supporters are nervous about a Trump win.
Whichever side of the political divide you sit on, you might be anxious about who is going to win and what it could mean for your money.
I get it. Emotions are running high, and the way things are going this year, it seems like anything could happen. I’m not here to make predictions, but I can offer some insight.
So… will it actually be the end of the world if “the other guy” wins? Here are three things to keep in mind.
One: We can expect market volatility because we’re in uncertain times. The good thing is that we can prepare for that volatility and mentally get ready.
Two: Even if the other guy wins, his ability to change regulations really depends on what happens with the House and Senate. If the two branches of government remain split, we probably won’t see major changes any time soon.
Three: While the election is top of mind right now, it’s not the only thing driving markets. We’ve got a pandemic, an economy recovering from a recession, and a society undergoing major shifts. My job is to keep an eye on all of that, so you don’t have to.
I can’t predict who will win or what will happen next. But, I can help you work through scenarios and make plans for an uncertain 2020 and 2021.
If you have questions about how the elections might affect your portfolio or you’d like to talk one-on-one, please use the form below to send me a message. I’ll respond personally.
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/in Behavioral Finance, Economy, Financial Planning /by adminHi, I’m Jamie with Woodson Wealth Management, and I’m going to help you make better decisions when the world is uncertain.
Cryptocurrency, COVID and Economic Uncertainty: Here’s Where Things Stand in Fall 2020
/in Currency, Economy, Investments /by admin
Bitcoin made its debut in 2009 and has grown exponentially since. As of mid-September, Bitcoin was valued at a little over $10,800 per coin.1 Cryptocurrency and the blockchain technology has continued to gain popularity over the past decade, and investors are still turning to this alternative market in 2020. As we continue experiencing a year of financial uncertainty, here’s where the world stands when it comes to cryptocurrency.
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As a Californian, you’re no stranger to high taxes. In fact, California comes in at number one for the country’s highest income tax – 13.3 percent.1 And if you’re a high earner, you could be subject to an even bigger tax hit soon with the country’s first proposed wealth tax.
Will the election tank the market? Here’s what you need to know!
/in Economy, Election, Investments, Stock Market /by adminHi, I’m Jamie Lima with Woodson Wealth Management, and I’m here to help you stay level-headed — even in times of chaos.
The 2020 election is coming up fast, and I’ve had worried folks ask me: Will it tank the market?
In this video, I’ll give you three things to keep in mind so you can plan for uncertainty. 2020 has been wild, to say the least. And the upcoming election could be one of the most divisive races we’ve ever seen.
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/in Budgeting, Financial Planning, Retirement Planning /by admin
Your mindset and goals continually evolve over time. At age 25, you might be focused on paying off student loans and saving up for your first home. Your career is just getting started, and post-work years are well into the future. At 50, however, you’re starting to imagine a time when the career hustle won’t be a part of your life anymore — and neither will your usual income setup. Just as your life changes, your investment decisions may develop as well.
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/in Economy, Financial Planning, Recession, Retirement Planning /by adminHi, I’m Jamie Lima with Woodson Wealth Management, and I’m here to give you the antidote to fear and uncertainty by taking action.
One of the foundations of a solid financial plan is RESILIENCY, which is the ability to get through a crisis without derailing your future.
