Skip to comments.The Nightmare For Financial Advisers (their biggest fear is Hillary Clinton in the Oval Office!)
Posted on 01/14/2008 11:55:43 AM PST by jdm
Which spectre haunts financial advisers the most? Terrorism? Global unrest? Not even close. According to a survey of over 200 financial advisers taken in December, their biggest worry is that Hillary Clinton will win the presidential election in November:
Nothing worries financial advisers more than the prospect of a Democrat's being elected president in November, according to a quarterly poll by Brinker Capital Inc.
The fourth-quarter edition of the Brinker Barometer, which polled 236 advisers in December, found that 22% indicated that a "Democrat in the White House" worried them more than all other economic or geopolitical concerns.
Rounding out the list of concerns was "global unrest" (15%), "U.S. economic growth" (15%), "a terrorist attack" (13%) and "a recession" (13%).
They're less concerned about recession than dealing with the economic policies of a new Clinton administration. They fear that a big increase in taxes will erode equity investments, especially given the proclivity of Democrats to target equity funds for new taxes to pay for their increased spending. Eighty-one percent feel that Democrats will raise capital gains taxes, income taxes, and dividends.
Interestingly, Rudy Giuliani gets the biggest endorsement in the survey. One might have expected Mitt Romney, with his extensive experience in investments, would have generated the most enthusiasm.
Democrats will raise capital gains taxes, income taxes, and dividends.
Big shock there.
Most of my investments will be moving offshore between an unfavorable election and the inauguration.
But I will take a hit on real property. Too bad for me, but no more taxes from me, either.
This brought back memories.
During the Al Gore/GW fiasco in the Florida recount, I remember nervously watching the daily news to see which way the wind was blowing.
Whenever the news was good for Gore, the market dropped.
Whenever Bush won a battle, the market went back up.
Boy, howdie...ain't that the truth...
RATES! Democrats will raise rates which raise taxes...because they do not understand this basic principle...YOU CANNOT TAX YOUR WAY TO PROSPERITY!
Don't worry, elect a democrat and you will get them all!
This is news?.....Hillary will ban financial advising as anti-socialist!
“the nightmare for financial advisors.”
the troubling thing is that more than fifty percent of the electorate love her, adore her, and place her on a pedestal and will make her the next president.
(holy moly and heil hillary! !!!)
The bottom line is that the people need to wise up to the very serious problem of constitutionally unauthorized federal spending by spending-happy government leaders carrying on the dirty spending practices of FDR; Hillary Clinton's federal spending plans are as good an example as any. The people need to quit sitting on their hands and petition lawmakers, judges and justices who are not upholding their oaths to defend the Constitution, demanding that they resign from their jobs.
They are most concerned with Dims raising their taxes, not OUR taxes.
My investments will return a profit near zero in those scenerios, and capital gains on real will push down much of the rest.
I can move investments offshore in that case, but one must be prepared for that.