Will the election hurt my finances?

Chaos and uncertainty overshadow this year’s election more than other years. There is a run-off election in Georgia for control of the senate and a disputed presidential election. Are you concerned about the security of your finances? 

A recent study found 93% of investors believe presidents influence performance in the stock market. Another 84% expect the results of the election to impact their investing habits.

Life is Ruined! The Country is Doomed!

You may have fallen into the common political way of thinking. It’s an all-or-nothing, catastrophic mentality. You might believe, in this bipartisan country, if the other side wins, all is lost. Your life is ruined and the country is doomed.

Comfort may be found in an article on Kiplinger. It notes, “Historically speaking, elections have made little impact on long-term investment returns. Capital Group economist Darrell Spence says, ‘There are many other variables that determine economic growth and market returns and, frankly, presidents have very little influence over them.’”

Robert R. Johnson, a Professor of Finance at the University of Omaha, was quoted in an article on Forbes as saying, “The bottom line is that the president gets too much credit when the economy is booming and too much blame when the economy is lagging.”

Investing Requires A Long-Term Strategy

Regardless of election outcome, you need to keep things in perspective. As chaotic as it seems right now, elections are short-term events. Personal retirement planning and investing require a long-term strategy.

Johnson continues, “Yes, who wins the presidential election matters. It matters differently to different people. But it doesn’t matter to the market overall.”

“If you have a long-term perspective, don’t worry about the influence of politics on the markets. And, if you don’t have a long-term perspective, you might want to try and get one.”

Investing and Algorithms

For decades, investors have had access to trading using algorithms. However, for many years, only professional traders and affluent individuals were able to use the algorithms. This gave them a definite advantage over average investors. 

Kelly Korshak had a successful trading career on Wall Street using A.I. technology. But he left that career and created iFlip to close the investment gap. This gave the average investor the opportunity to apply A.I. technology to personal and retirement investments.

With his 30-plus years of expertise in the markets, Korshak recently reported, “The market is going up and likely will continue to do so because regardless of the winner of the presidential election, the market knows two things:

  1. The Fed will keep Interest rates low for at least another two years as the economy recovers so unemployment continues to decline.
  2. Expect more stimulus coming from the government, which will cause a forceful tailwind. This will lead to excess, but not in the short run. Hold your positions.”

Korshak also mentioned that as a vaccine is introduced, travel and leisure will recover. Along with energy stocks, those equities are low now. Expect to see them regain their worth over the next couple of years. 

This isn’t dependent on who is elected. But it will require you to own the stock now and just wait for their value to return.

See Also: Election Investing Landscape: Do Nothing

iFlip’s A.I.

Buy low and sell high. That’s what every investor wants to do. iFlip is the smartest way to invest in your future. Using the best algorithmic trading software, iFlip’s A.I. SmartFolios are long-term investments. 

With 10 SmartFolios to choose from, you’ll find one that fits your risk and investment style. Two of them even offer some stocks mentioned earlier by Korshak. Those undervalued now, but expected to regain their value in a couple of years.

iFlip’s A.I. SmartFolios are self-driving. They use machine learning to buy, sell and hold positions based on market risk. You won’t find that when robo trading with companies like Robinhood, E*TRADE or Betterment.

Ignore the chaos spread by the elections. Instead, use it to your advantage in your personal retirement planning. Hop over to iFlip and learn how algorithmic trading software is available for your desktop or as the best mobile stock app. Sign up for an account today.

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Zero-dollar ($0) commissions are available for self-directed Individual cash or margin brokerage accounts that trade U.S. listed securities via mobile devices and via web interface. To obtain the commission and fee schedule, please see our website at www.iflipinvest.com. Note that certain Flip Investor Inc. Product features listed are currently in development and will be available in the near future. System execution price, speed, response time, liquidity, market information, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors. Some of the information provided show hypothetical results which may or may not represent live performance. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns.  Keep in mind that while diversification and the use of algorithms may help manage risk it does not assure a profit, or protect completely against losses, in a down market. There is always the potential of losing money when you invest in securities, or other financial products.  Investors should consider their investment objectives and risks carefully prior to investing.

Past performance is not indicative of future performance. iFlip data results assembled using various Flip algorithms applied to the equities listed on this webpage (if any). Results compiled for each equity and each algorithm assume a 10,000 initial investment beginning on Jan 1st 2005. A $0.01 / share commission applied. All iFlip price assumptions are based on the opening price of each day as found in Yahoo finance. Yearly NAV data points compiled by compounding annual returns using standard year over year accounting. S&P500 results are derived using the SPY as a proxy. The data on this webpage is not intended as a solicitation. Always seek professional advice for suitability.

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Doug Adams - COO

Doug Adams has more than 30 years of experience as an executive in the IT industry. He has demonstrated success helping companies grow profitably with high degrees of customer satisfaction. 

He has a passion for developing talent and building high performing teams. Most recently as a Senior VP at FusionStorm, he helped grow the company from $440mm to over $1bb in sales and improve profitability 1500% (15x) over 7 years. Prior to that he was at Oracle for 14 years where he served as a Vice President in their North America Consulting Division. 

He had responsibility for a variety of software and technology practices with a team of over 400 consultants. He has also held leadership positions at IBM and Andersen Consulting (Accenture), and holds a BS degree from Cal Poly, San Luis Obispo in Industrial Engineering.

Ed Sweeney

Ed Sweeny - Board Member

Ed Sweeney is a partner and a founder of RCM Alternatives. Previously, he was a Managing Director of Trading at TD Options, LLC, a subsidiary of TD Securities until 2006. 

He is also a founder of Starboard Specialty Funds, LLC. which is an active fund specializing in private and publicly traded bank equities.
He was also a co-founder of a trading technology firm, Ragnarok Systems, and also worked for O’Connor & Associates and at Swiss Bank Corporation as a director of fixed income trading.
Mr. Sweeney graduated with an M.S. and B.S. in Mechanical Engineering from MIT, has a J.D. from John Marshall Law School and holds a Series 7, 24 and 63 licenses.

Karla Dennis

Karla Dennis - Board Member

As seen in Forbes Magazine, Karla Dennis is an expert tax and business strategist. As an enrolled agent, Karla is licensed to represent taxpayers in all 50 states. She holds a Masters in Taxation and Business Development and is the author of two books, Tax Storm and Against the Odds. 

She has been featured in various media outlets such as, KTLA, Forbes, MSNBC, Yahoo! Finance, and SmartMoney marking her the ultimate tax and business expert.

Thomas Shippee Bio

Thomas Shippee - Consulting Board Member

Thomas P. Shippee is a financial services investor and industry expert. His early years he earned a Bachelor’s degree in Economics at Bates College and an MBA at Pepperdine University.   

For the last 35 years he has served in various positions including CEO of Wells Fargo Financial whereupon he oversaw all US and Canadian consumer and commercial business finance operations from Des Moines, IA.  He currently spends his efforts in the consumer financial services industry counseling and working for small privately held businesses.  

David Bay Bio

David Bay - Consulting Board Member

David is a Kentucky native graduating with a degree in Music Education at University of Kentucky and a Masters degree in Education from Xavier University. His early years were spent excelling as band director leading his group to breaking records, honors and 3 straight years of placing in state wide competitions. 

In 1988 David started a new life of entrepreneurship. Since then his natural ability to lead and passion for growing people has stretched him to employ over a hundred employees and operating several businesses over several industries including real estate, heating oil, farm gas, commercial lubricant, consulting, skilled nursing care, convenience store and restaurant business.  

Marc C

Marc Chesley - Consulting Board Member

Marc Chesley is a software industry pioneer with a passion for growing people and companies. He is a recognized innovator and operational leader. As former CTO at Infusionsoft, Marc helped grow the company from startup to over $100mm in revenue. He has led as CEO and President of many fast-growth software companies. 

Marc was recognized as Arizona CIO of the Year by the Phoenix Business Journal and the Arizona Technology Council.  The Society for Information Management awarded him Arizona IT Leader of the Year. He currently works as the COO at Paradox (fast-growing software firm) managing product teams, engineering teams, business development teams and serving as general counsel.

Kelly

Kelly Korshak - CTO

Kelly attended Stanford and subsequently the University of Chicago and has a graduate degree in mathematics.  He spent 30+ years on Wall Street, investing over $4 Billion assets for institutional banks and funds including Deutsche Bank, Morgan Stanley, Diamondback Capital, Brevan Howard and Tudor Group. 

His strategy to investing is built around the approach that mathematical algorithms produce superior risk / reward in the stock market.  This algorithmic intelligence (AI) approach led him to retire from Wall Street with his family in Arizona to start up his own company “Flip Investor”.  

His dream is to empower all individuals to grow their wealth through AI investment technology.

Randy Tate

Randy Tate - CEO

Randy spent his earlier years as a successful collegiate athlete and then self-made entrepreneur.  He grew an athletic apparel company to over $5M+ in revenue, then sold it to a publicly traded sporting conglomerate, Sports Chalet. 

For the last 10+ years he has trained thousands of employees and business owners on how to market effectively, grow sales and build sustainable growth in their companies.

His passion for technology led him to one of the fastest growing software companies called Infusionsoft, which peaked with over 150,000 software users.  As the VP of Business Training for customers, he developed and oversaw the expansion of the Elite Business Education curriculum program.

Since then he has led as the co-founder and CEO of iFlip, SAAS Financial Technology Company.  His passion is to empower all individuals to grow their wealth for the future through the use of AI investing technology.