Expert Retirement and Financial Advisor Mark Kinney Discusses Potential Changes for Investing Under the Trump Administration
Seasoned retirement and financial strategist, Mark Kinney, highlights President Trump’s proposals that may benefit different market segments.
Lee, Massachusetts—February 1, 2017—Founding partner of Toole, Kinney & Company, Inc., Mark Kinney, CFP®, published a new article entitled, “Preparing Your Portfolio for Investing During the #Trump Presidency.” In the article, he discusses how Trump Administration policies, if enacted, could benefit investors.
Mark writes, “President Trump made it clear during his campaign that he has an “America-first” business philosophy, which could certainly aid domestic production of goods and services. Regardless of whether you agree with his methods, the reversals of Carrier, Ford, and most recently Fiat/Chrysler to shift manufacturing to Mexico, turned out to be not only good public relations for Mr. Trump, but those companies involved as well. While this alone may not be sufficient to increase stock prices for those firms, the growing sentiment to “buy American” may certainly have an impact on those electing to produce domestically rather than abroad.
Tax Cuts – Two words that never fail to generate heated discussion form both sides of the aisle. Regardless of which side you’re one, there is one point both can agree on: money is like water – and will always take the path of least resistance. While economists disagree on this, undeniable evidence of this can be seen in the countless corporations that have moved operations and retained trillions of dollars outside our borders.
As such, one proposal that is bound to influence corporate behavior, profits, domestic job creation, and thus increase the overall tax base, is the proposed reduction in the corporate tax rate from 35 percent to 15 percent. Confirmation of this can be seen with a quick skip across the pond. Ireland, with one of the lowest corporate tax rates in the developed world at 12.5%, enjoyed a 26.3% growth rate in 2015, compared to the United States at only 2.4% during the same period.”
The entire article can be found at: http://www.kinneywealth.com/preparing-your-portfolio-for-the-trump-presidency/
About Mark Kinney
Mark D. Kinney, CFP®, has been advising clients for close to 30 years on how to maximize their retirement income in a sustainable, repeatable, and verifiable manner, while minimizing risk exposure to the daily turbulent financial markets. His keen insights into conservative and income generating investment options have been invaluable to those approaching or currently in retirement. In addition to his decades of experience and financial know-how, he held Series 7 and 63 FINRA Securities registrations for over 25 years, holds several insurance licenses, and has held the Certified Financial Planner™(CFP®) designation in good standing for 20 years.
After successful careers with a number of reputable financial institutions, Kinney established Toole, Kinney, & Co., Inc., in 1999. Kinney has been cited on such national news outlets and financial publications as CNN.com, Fox Business, NBC, Wall Street Select, and The Miami Herald. He remains active in several area charities, has participated in several marathons, including the Boston Marathon in 2013 and 2014, enjoys all activities outdoors, and currently lives in Stockbridge, Massachusetts.