Compass Watch
In less than one month, Americans will head to the polls to elect the next president. While the outcome is unknown, one thing is certain—there will be a steady stream of opinions from pundits and prognosticators about how the election will impact the market.
Over the course of 2020 investors experienced new market highs (February), new market lows (March), and then a return to new market highs (November). Investors also witnessed a global pandemic, national civil unrest in response to the death of George Floyd, many workers transitioning to work-from-home, and a presidential election.
There is an old adage: “People don’t plan to fail, they just fail to plan.” Planning for a transition is an important service we provide at Compass. Many advisory firms have attempted to become comprehensive “financial planners,” providing one-stop legal and tax-related advice to their clients, as well as selling them insurance and expensive investment products and services.