01494434544 info@pwwpl.com

‘Four More Years!’ – Has Trump done it again?

4th November 2020

In what is starting to look like a potential re-run of the 2000 Presidential Election, we appear to have a race that is too close to call. Once again defying the polls, Donald Trump has unquestionably done better than predicted, with bookmakers still undecided as to who will take a seat in the White House for another four years.

In the event that Trump does win, this looks like being the second consecutive Presidential election that the winner has not obtained the most votes and the third time this has happened in the last six elections. (Before then, it hadn’t happened since 1888).

So, what does this all mean for us in the UK and for investors in general?

Well, concerning the UK, we clearly remain in limbo until we understand exactly who we will be talking to going forward. Boris Johnson has intimated many times that there is a US/UK trade deal on the table.  Whether this remains so if Biden wins is another matter, but at present, no more can be done with that until the Presidential result is confirmed. Therefore, will this delay affect our negotiating position with the European Union as we head to deadline day at the end of the year? This depends on how long the delay is, of course, but all we can do is wait and see.

Biden has already implied that there would be no trade deal if there is a hard Irish border. He also favours European unity. Does this naturally point to a Donald Trump win being better for the UK? Frankly, we don’t know.

However, that is the important point. Stock markets will simply do what stock markets do, irrespective of US Presidents. The likes of Mr Trump may generate short term movement with comments about this or that, but ultimately, history has shown two things.

Firstly, the performance of global stock markets is affected much more by matters outside the White House than inside. Whilst the general feeling is that a Republican President will offer a better return, the performance of the US stock market was better under Barack Obama’s first term than it has been under Donald Trump’s. However, that is surely much more to do with circumstances and timelines than anything else.

Secondly, and more importantly, irrespective of who lives in the White House, the most suitable circumstances for any form of long-term investment is a multi asset, risk rated portfolio. Our mantra continues to be ‘time in the market’, NOT ‘timing the market’.

Naturally, we will continue to have conversations with our Investment partners concerning the implications of both the result and any delay in this result, but we remain committed to long term multi asset risk rated portfolios.

As a nation, we are having to manage the implications of a worldwide pandemic at present, so surely the small matter of another bizarre US Presidential election over the pond is the least of our problems.

In the meantime, if you have any questions concerning this or any other matter, please do not hesitate to contact us.









ABI Guide - Health and safety for small/medium sized businesses

Good health and safety standards help you to run your business successfully.

Aviva Motor Fleet Advice

Employers are legally responsible for employees who drive whilst at work.

Budget 2013

The 2013 Annual Budget Statement painted a somewhat bleak economic picture, alleviated by a few crowd-pleasing bright spots.

Budget Summary

Despite some speculation that Budget 2012 may have brought some unwelcome surprises in the

Charity Fundraising by PWW

This year for the first time, staff at P W White and Partners attended the Amersham carnival on 13thJuly in the glorious weather with temperatures of over 30 degrees C.

Dilnot Report on Long Term Care

Since 2004, the number of Britons aged over 85 has risen by two-thirds, and demand for care has outstripped supply. The UK's elderly population will continue to expand.

Disclosure of all the facts

Are you aware of yourresponsibility to disclose what is considered ‘material’ information inrelation to your Insurances?

Driving Licences and Driving Other Cars Third Party

If you are aged under 70 the chances are that your licence has not expired as driving licences generally expire at 70 unless extended.

Flood Advice from insurers

Insurers risk surveyors have been busy visiting the impacted areas across the UK and one of them yesterday in a flood

Floooding and Commercial Premises

Recent flooding events experienced across the UK, particularly over the last decade, have shown the devastating impact that flooding can have on property, businesses and individuals.

GAP Cover for new & used Cars

P W White & Partners Ltd now have the facility to provide GAP cover when you purchase a new or used (up to 7 year old) car from a dealer.

Have you provided your ELTO details?

ELTO is the Employers Liability Tracing Office which was set up so that all businesses (subject to a few exclusions)

Important information that could affect the validity of your cover

Any intended alteration or extension to your property – personal or commercial, i.e. creating an additional bedroom, bathroom or shower room

Intestacy changes from 1 October 2014

The Inheritance and Trustees' Powers Act 2014 announced some key changes to the intestacy rules.

Motor Insurance Database

If you run a motor fleet have your details been entered on the MID?


From July 1 2014 all ISAs will become New ISAs (NISAs).

Paper driving licence changes

From January 2015, the DVLA will no longer issue the paper counterpart to the photocard driving licence.

Pension Lifetime Allowance Limit (LTA)

In 2006 the Government introduced a cap on the value of Pension Pots.

Tax Disc Changes

The new rules, which came into effect on 1stOctober 2014, mean it will no longer be possible to transfer tax when a vehicle is sold.

What is the Retail Distribution Review (RDR)

The implementation of the Retail Distribution Review (RDR) is one of the biggest overhauls of financial regulation since the Financial Services Act of 1986.

Whiplash Reforms

The first stage of the government’s whiplash reform programme was introduced on 1st October 2014

Why to use an Independent Financial Adviser

You may have noticed the recent media coverage following the findings by Which?

Your choices at retirement

When you reach retirement age, with interest rates at historic lows, your most important choice will probably be between

 FSB member logo   Link to Cobra Network website        Click here for the BIBA website

P W White & Partners Limited is authorised and regulated by the Financial Conduct Authority. Financial Services Register No: 126673 http://www.fca.org.uk/register.

P W White & Partners Limited Registered Address: Suite 1, Sycamore House, 1 Woodside Road, Amersham, HP6 6AA. Registered in England & Wales, No. 933961.

Neither P W White & Partners Limited nor its representatives can be held responsible for the accuracy of the contents/information contained within the linked site(s) accessible from this page.

The Financial Conduct Authority does not regulate National Savings or some forms of mortgage, tax planning, taxation and trust advice, offshore investments or school fees planning.

The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk.

The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK.

Please read our Privacy Statement before completing any enquiry form or before sending an email to us.