How Does the Impeachment InquiryAffect My Investments?

Living with children

Hi Taylor - I read a lot of “market dips as investors weigh impeachment” headlines, and I’m wondering how much this mess might affect my retirement account. Should I be concerned? -

Taylor Kovar

Randy

Hey Randy - This is a great question because the answer is much more involved than those headlines. News sources want you to click on their articles, so the tagline will always be a bit over the top even when the content of the article is pretty unassuming.

From an investment standpoint, we can look at impeachment in a few different ways. First, it’s a big distraction from the other things that actually do have a direct impact on the economy. The trade war with China has much more relevance to all of our retirement accounts than an impeachment inquiry, but we won’t hear as much talk of that while news outlets focus on the latest story. In the meantime, you’ll see much greater rises and falls within the market when trade talks resume or get called off, even if that doesn’t dominate the headlines.

Naturally, markets will move around based on investors' assessment of whether or not the president will remain in office. Many industries and corporations have benefitted from this administration’s economic policies; any fear that these proceedings will impede the president’s ability to govern could have an impact on those market shares. I don’t think every sector will react in the same way, but I

Bulldogs

Howe had a punt blocked which led to an easy Wildcat score when Drake Hurley scored on a 12-yard jet sweep to make it 55-21.

Howe took home the final score of the game on a 36-yard run by Williams with 2:08 left. The Bulldogs nearly scored on the final play of the game as Haley threw a deep bomb to Windon that went through his fingertips in the endzone.

Howe will travel to Pottsboro (60; 2-0) next Friday where they currently have a 9-game losing streak dating back to a 20-13 win back in 2010. Howe hasn't won at Pottsboro since 1988.

do expect to see more down days than up as the process unfolds. Finally, we’ll have to see how long the proceedings drag on. As long as we’re stuck in political gridlock, it should come as no surprise when the market stumbles a little. At the same time, you’ll see examples of how resilient the economy is, as we’ll have days where the news cycle is absolutely bananas and yet the Dow goes up 100 points. While the news ticker might talk about impeachment 24/7, the stock market will continue to react to other stories and events that might not make everyone’s radars.

In the long run, your retirement account is fine. It might seem as though this event drives the country toward undue economic hardship, but much of that could be the market receding as it naturally would. This divisiveness isn’t fun for anyone, but no one should be emptying their IRAs for fear of a full economic collapse. Buckle in and expect some bumps in the ride, but contribute to your retirement as you normally would and trust the markets to persevere. Thanks for the question, Randy!

Taylor Kovar, CEO of Kovar Capital. Read more about Taylor at GoFarWithKovar.com

Disclaimer: Information presented is for educational purposes only and is not an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. To submit a question to be answered in this column, please send it via email to Question@GoFarWithKovar.com, or via USPS to Taylor Kovar, 415 S 1st St, Suite 300, Lufkin, TX 75901.

Continued from page 3

John Rosemond

“What do you do when your baby cries?” I asked the 20something new mom who was already feeling overwhelmed and beginning to slip into postpartum depression. Her mother-in-law had suggested she talk to someone and recommended yours truly.

“I pick him up,” she said.

“You always, when he cries, pick him up?” I asked.

“Yes, always.” “And when you pick him up, then what?”

“Well,” she said, “I try to get him to stop, you know, I walk with him, bouncing up and down, and I sing to him, and I talk to him, trying to comfort him.”

“So,” I said, “he cries, and you walk him and sing to him and bounce him up and down.”

“Yes.”

“And he seems to be crying more and more.”

“Yes.”

“Do you like ice cream?”

“I love ice cream, chocolate chip mint mostly.”

“If you discovered that the only way you could get chocolate chip mint ice cream was to scream at the top of your lungs and jump up and down like a lunatic, what would you do?”

She looked at me for a few moments as the wheels turned. Then, “Oh.”

“Yes,” I said. “Oh. With the very best of intentions, you’re creating an ice cream monster who can’t get enough of your ice cream. The more you give, the more he wants. You use drugs?”

“Do I use drugs? No! I’ve never even smoked pot!”

“Good, but here’s the deal: You’re already setting precedents that may well cause you to become a legal drug user. If you don’t stop thinking that it’s your job to keep your son from crying, then I predict mind you, I flunked fortune telling in graduate school, so this is nothing but a very experienced speculation – I predict you’ll be on at least two psychiatric drugs before he’s three, one for depression and one for anxiety. You don’t want that.”

“No, I don’t want that.”

“Then you have to let him cry, not always, constantly, of course, but sometimes you are just going to have to walk away from him when he’s crying.”

“Walk away? I’ve started carrying him around in one of those front pouches.”

“I bet he loves that.”

“Seems to, yes.”

“That’s fine if you’re going out somewhere, but it’s not fine for you to carry him around in a pouch all day long so that he won’t cry. That’s like putting him on an ice cream drip. Use the pouch only when you’re going somewhere. Furthermore, as soon as he can hold his head up reasonably well, switch to a baby backpack so he can look around at the world while you’re doing your thing.”

“I read an article about high-need babies and he fits the description. It said I should, it said ‘wear him.’”

“That’s attachment parenting bunk-ola. It’s bunk-ola that’s go- ing to make it very difficult for him to accept anything less than being worn by you. Wearing him like you’re still pregnant with him is another bad precedent. Sweetie, babies cry. They cry because that’s what they do. Some do it more than others, but they all need to learn that their mommies are not at the beck and call, and the sooner, the better,for both baby and mommy.”

Family psychologist John Rosemond: johnrosemond.com, parentguru.com.

John Rosemond has worked with families, children, and parents si nce 1971 in the field of family ps ychology. In 1971, John earned his masters in psychology from Western Illinois University and was el ected to the Phi Kappa Phi Natio nal Honor Society.

Howe vs. Rains stats

Howe Rushing: 201 Howe Passing: 215

Rushing: Jalen Thornton 24177, 1TD; Brandon Williams 17-45, 2TD; Austin Haley 6-(21)

Passing: Austin Haley 13-24-0215, 1TD

Receiving: Kolby Windon 286, 1TD; Jordan Jones 4-50; Jalen Thornton 4-27; Brandon Williams 1-24; Arturo Lowder 1-20

Rains Rushing: 374 Rains Passing: 132

Rushing: Mason Songer 16-149, 2TD; Luke Sheppard 20-125, 4TD; Luke Ratliff 6-59; Drake Hurley 434, 1TD; Andrew Balthrop 2-8; Audie MaCree 1 (-1)

Passing: Luke Sheppard 8-13-0105, 1TD; Andrew Balthrop 2-4-027

Receiving: Antonio Villegas 2-65, 1TD; Colt Rivera 2-27; Drake Hurley 2-23; Luke Ratliff 1-7; Dakota Saunders 1-5; Audie MaCree 1-5