It’s Here

The day we have been waiting for has arrived. Over the next 24 to 48 hours (hopefully the next 24) the decision we have been waiting for will be made. However, as I have told clients for many years , who is President of the U. S. is not nearly as important as we are led to believe. In the election season, this statement falls on deaf ears as the doom and gloom crowd preaches a doctrine that in most part has no basis. Presidents really don’t make a major difference; in reality, the President and the bias of the Congress is nothing more than a composite of the country. So whoever is elected, there is no doubt they have to get the economy back on a growth trend and the budget deficit under control. The next President is going to have a much easier time than the last one has. The fraud and leverage of the last 12 years has been paralyzing…maybe we learned some lessons. We may be on the verge of tremendous growth based on the signs of recovery becoming evident.

However, this will all depend on what is now a lost art of Statesmanship. The last time we experienced what Washington, Jefferson and Franklin exhibited was as they framed this wonderful country. The modern day example was Regan. Hopefully, whoever is sitting in the oval office leads with the “country first” and not personal agendas. Each candidate will have this opportunity, but we will just wait and see who shows up for the challenge.

Looking forward to a long night.

Bill

Advertisements

About billriley

Chief Executive Officer, Chief Compliance Officer A co-founder and shareholder, William Riley is a 33 year industry veteran, who observed, many years ago, that over time institutional investors typically outperform individual investors while accepting less risk. In his role as Chief Executive Officer, Bill works tirelessly to make the wealth management strategies used by the world’s wealthiest families and largest institutions available to our firm’s individual clients. Bill combines fundamental and technical analysis to minimize investment portfolio risk and maximize potential returns. He uses a variety of non-correlated asset classes, including alternative investments, to minimize portfolio volatility and seek absolute returns in down or flat markets. Finally, Bill believes in a comprehensive approach to wealth management that fully coordinates and seamlessly integrates portfolio management, risk management and asset protection, trust, estate, tax and charitable planning. Prior to co-founding Riley Wealth Management ,LLC, Bill held management positions at Merrill Lynch, UBS, Raymond James, Paine Webber and J.C. Bradford. Bill founded Fort Worth branches for Raymond James and J.C. Bradford. Prior to entering the financial services industry, Bill ran his families closely held businesses. Bill’s experience operating family businesses combined with his wealth management experience makes him uniquely qualified to advise entrepreneurs and business owners on a variety of matters including complex and sensitive issues relating to business succession. Bill’s degrees and designations included a Masters Degree in Business Administration (MBA), the Chartered Financial Consultant designation (ChFC), the Chartered Life Underwriter designation (CLU) and the Wealth Management Specialist designation (WMS). A Fort Worth native, Bill is a TCU alum and active in many civic and charitable organizations. Bill and his wife, Marsha, now reside in Colleyville, and they have four grown children and four grandchildren. When he is not working on portfolios or studying financial markets, Bill can be found on the golf courses of Ridglea Country Club.
This entry was posted in Uncategorized. Bookmark the permalink.