Investors don’t seem to be scared away by the new administration’s policies in Washington. In this episode of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, Certified Financial Planner™ Professional Tom Kennedy takes a dive into the pros and cons of President Biden’s policy changes. He examines the sectors impacted by the vaccine rollout and stimulus, what increasing the corporate tax rate might look like, and the potential for breaking up big tech.
Host Bio: Tom Kennedy
Tom joined Global Wealth Advisors (GWA) in 2018 and became a managing partner in 2021. He serves as our host of Your Money Momentum, a GWA podcast on financially related topics. He also serves as host of the Ask Tom Anything Facebook page, a GWA program sharing video updates, commentary on hot topics, and fielding questions.
Tom graduated from the University of Colorado at Boulder with a Bachelor of Science in Finance and holds the CERTIFIED FINANCIAL PLANNER™ certification which is awarded by the Certified Financial Planner Board of Standards, Inc. He also earned the Climate Change and Investment Academy Certificate through a partnership between Columbia University’s Earth Institute and Alliance Bernstein. Additionally, he holds FINRA Series 6, 7, 63 and 66 securities registrations with Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Advisor.
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3:32 New Biden policies
5:00 Sectors impacted by vaccine rollout
6:45 Stimulus impact on economy, inflation, and consumer spending
9:32 State and local stimulus injection
11:31 Infrastructure bill opportunities
13:25 Effect of higher corporate tax rate
16:35 Breakup of big banks
21:52 Breakup of big tech
25:01 Regulation of big pharma
27:11 Biggest concerns and opportunities
Listen in to Your Money Momentum published every other Friday, just in time for your morning commute.