Скачать или смотреть Trump vs. Harris: What This Election Means for Your Money

Mike dives into one of the biggest questions on everyone's mind as the election approaches: how will the outcome affect your portfolio and personal economy? It's easy to get caught up in wondering what will happen if one candidate wins over the other, but the reality is that there's more to it than just who becomes president. Control of the House and Senate is just as important because, without it, even the president can't push forward major policy changes that could impact the markets.

You’ve worked hard to build your nest egg, and protecting and growing it is likely a top priority, especially with concerns like inflation, taxes, and where your income will come from in the future weighing heavily on your mind. The election will likely play a role in all of these areas, but there are nuances to consider.

If Trump wins and Republicans control either the House or the Senate, markets could respond positively, especially with the potential extension of Trump tax cuts, which are currently set to expire in 2025.

On the other hand, if Harris wins and the Democrats control both the House and Senate, you might want to prepare for the potential impact of tax increases and other policies that could be less favorable for the stock market.

Mike breaks down these potential scenarios, focusing on the importance of tax policy and market reactions based on which party holds power.
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⏱Timestamps⏱
0:00 - What’s going to happen?
1:04 - If Trump wins
2:02 - If Harris wins
2:39 - How to react