All change: let the executive orders begin!
16 January 2025I hope that the New Year is running according to your plans for 2025 and the months ahead. November 2024 saw the race for the White House reach its conclusion, and 20 January 2025 will see the 47 th President of the United States of America sworn in (always a spectacular event). A momentous day for the 45th US President, Donald Trump.
Many have an opinion on the new President, and this will have an influence on the way we think, both positively and negatively. It might be argued that many will be 'looking West' from an economic perspective over the next few years. Some will be aware that many US (and global) equity markets rallied at the time of the election results, and this has continued (although as ever, not a guarantee of future performance).
In the same recent period, a number of regional conflicts have started and ended, and others continue to rage as a 'land-grab' seems to be occurring by some states, perhaps in preparation for the new US regime upon us. What seems to be guaranteed is change and I am sure many Executive Orders will be issued from the Oval Office in the weeks, months and years ahead.
Change can be viewed in many ways, but embracing change (however you achieve this) is usually important. Change can also reflect on the way that you allocate your funds within your pension, ISA and investment arrangements to meet your needs and objectives as your position also changes. We all move through life phases and personal change occurs, along with the external factors that we all experience.
Reviewing your financial planning for your business, retirement and investment objectives regularly can be important to ensure that any existing arrangements meet with your plans at each point. Changes can be made where required to adjust plans, although this may not always be needed if the strategy continues to fit with your aims and objectives.
Whatever your personal plans are for 2025, I hope that the year ahead is successful, however you measure this. Particularly as we start the approach to the end of this current tax year (2024/2025), take time to review your plans and perhaps issues a few of your own 'Executive Orders' for your financial planning as you look forward.
No individual advice is provided during the course of this blog.
Keith Churchouse FPFS
Director
CFP Chartered FCSI
Chartered Financial Planner
Chapters Financial Limited is authorised and regulated by the Financial Conduct Authority, number 402899
