Newsletter

Welcome to our first newsletter! Thank you for taking the time to see what’s new at Illuminate Financial Group.

With November right around the corner, it is a wonderful time to express gratitude and the strong bonds we cherish within our community. We wish you a wonderful Thanksgiving with friends, family and loved ones.

How Elections Affect the Economy

A common question we receive is how the presidential elections affect your investments. This is an excellent question as we consume media with so many outlandish political ads. Historically, election years have heightened market volatility due to the uncertainty surrounding potential policy changes from a new administration. The markets often react to the anticipated economic policies of the candidates, leading to fluctuations in the stock market. As an example, sectors such as healthcare, energy, and finance may experience more pronounced movements based on the proposed regulations and reforms by the candidates.

Consumer and business confidence can shift in response to the political climate, which in turn can influence spending and investment decisions. A candidate’s stance on key issues like taxes, trade policies, and government spending can alter economic growth projections. For example, promises of substantial infrastructure spending or tax cuts can enhance economic optimism, whereas concerns over trade restrictions or regulatory changes might dampen growth expectations. Investors must also consider a new administration’s ability to pass legislation through Congress. If Congress is too divided to act on any meaningful legislation, it may neutralize the candidate’s ability to positively or negatively affect the economy.

It is considered crucial to maintain a diversified portfolio and avoid making impulsive decisions based on short-term market movements. While the election outcome can cause temporary market disruptions, long-term investment strategies remain unchanged and anchored in your personal financial goals. By keeping a balanced approach and staying informed about policy changes, we will help navigate the uncertainties of election cycles so you can be confident your investment strategy remains resilient amidst political shifts.

https://www.lpl.com/research/election-central.html

We are excited to announce the birth of Cam and Erin’s first child! Colton Sommer was born on August 1st, 2024 and is a perfect addition to their growing family of three. Cam and Erin met at Portland State University where they were both college athletes and recently celebrated their third wedding anniversary.

Cam officially joined IFG in June and we are thrilled to have him part of the team. His main area of focus is helping individuals and families with their financial planning needs, with an emphasis on PERS employees and educators. Cam strives to be patient and educate his clients as much as possible to provide the best strategies, showing full transparency every step of the way. Please help us welcome Cam to the team by saying hello when you see him at our office, we truly are thankful he is part of our growing team!

Members of Illuminate Financial Group are committed to giving back to
various charities and community organizations, however in no way does
this constitute an endorsement or solicitation.