A client reached out this week and said, "This is going to continue until ____________ destroys our democracy." I left out Trump or Biden because the statement's essence remains unchanged. If I had to poll our clients or America at large, the split would likely be near 50/50. Over the weekend, we could potentially add Kamala Harris to the list, but our response at Members’ Wealth remains the same.

I responded to the client, "Perhaps it's different this time, but I've been hearing for 30 years that this is the most important election of our lifetime and that the other guy will destroy the economy and markets. I have yet to experience such destruction and do not foresee the end of American democracy or our capital markets. There will be normal volatility and ups and downs, and at Members’ Wealth, we will continue to try to preserve and grow our client's wealth so it can endure as the environment continually evolves."

At Members’ Wealth, we work to elevate family wealth plans with simplified, forward-thinking solutions, allowing them to focus on growth, relationships, and adventure—regardless of the political climate, market climate, or the actual climate. We cannot blame the weather or the president for not achieving our client's goals. We hold ourselves accountable. We do, however, try to seek every opportunity to potentially capitalize on short-term mispricing due to short-term volatility, benefiting our clients' investment portfolios.

And just like 60 minutes would, I will end with some wisdom from Andy Rooney -

“It’s just amazing how long this country has been going to hell without ever having got there.”

The information published herein is provided for informational purposes only, and does not constitute an offer, solicitation or recommendation to sell or an offer to buy securities, investment products or investment advisory services. Nothing contained herein constitutes financial, legal, tax, or other advice. These opinions may not fit your financial status, risk and return profile or preferences. Investment recommendations may change, and readers are urged to check with their investment adviser before making any investment decisions. Estimates of future performance are based on assumptions that may not be realized. Past performance is not necessarily indicative of future returns or results. No representation is made as to the accuracy, completeness or timeliness of the information in this material since certain information herein is based on or derived from information provided by independent third-party sources. There is no duty to update this information. Illustrations provided are for presentation purposes only. Actual investment experience will vary with stock selection and changing market conditions. Investment advisory services offered through Member's Wealth, LLC, a registered investment advisor. The Dow Jones Industrial Average (DJIA) is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The S&P 500 index is designed to be a broad based unmanaged leading indicator of U.S. equities and is meant to reflect the risk/return characteristics of the large cap universe or representative of the equity market in general. The National Association of Securities Dealers Automated Quotations (NASDAQ) is an American stock market that handles electronic securities trading around the world. The Russell 2000 index is an index measuring the performance of approximately 2,000 small-cap companies in the Russell 3000 Index, which is made up of 3,000 of the biggest U.S. stocks. The Russell 2000 serves as a benchmark for small-cap stocks in the United States. Visit www.russell.com/indexes/ for more information regarding Russell indices. The MSCI EAFE Index is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the US & Canada. The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global emerging markets. The Bloomberg US Aggregate Bond Index, is a broad base, market capitalization-weighted bond market index representing intermediate term investment grade bonds traded in the United States.

About the Author – Dane Czaplicki, CFA®

Dane Czaplicki is CEO of Members’ Wealth, a boutique wealth management firm that offers a comprehensive approach to serving individuals, families, business owners, and institutions. The firm’s goal is to preserve and grow its clients’ wealth to endure over time, while thoughtfully evolving its strategy to suit an ever-changing world. With over 20 years of wealth management experience, Dane and the Members' Wealth team thrive on bringing clarity and confidence to clients' unique situations. He believes everyone needs sound financial advice from someone whose interests are aligned with theirs, and is determined to put service before all else.

Dane received his MBA from The Wharton School of Business at the University of Pennsylvania and his bachelor’s degree from Bloomsburg University. Outside work, he enjoys spending time with his wife and kids, hiking and camping, reading, running, and playing with his dog. To learn more about Dane, connect with him on LinkedIn.

To get in touch with the Members’ Wealth team today, I invite you to email info@memberswealthllc.com or call (267) 367-5453. 

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