A seasoned financial guru has revealed the four financial moves he plans to make if Kamala Harris wins the 2024 presidential election.
Sean Bryant warned that there will be a “guaranteed impact” on the US stock market regardless of who wins the White House in November – Trump or Kamala Harris.
If the Democratic nominee wins, Bryant has a four-part plan ready to protect his money: investing in renewable energy, deferring student loan payments, infrastructure and real estate.
The first step Bryant wants to take is investing in renewable energy in case Harris wins and Trump loses.
During his time as president, Biden has focused on reducing the country’s use of fossil fuels. Bryant believes that if the Democratic Party wins the race, investors should expect the initiative to continue.
Sean Bryant (pictured) has made a plan to protect his money if Kamala Harris wins the 2024 presidential election in November
Bryant noted that no matter who wins the White House in November — Donald Trump or Kamala Harris — the choice will have a “guaranteed” impact on the U.S. stock market. (Pictured: Trump at a rally in Minnesota on July 27)
Trump has promised that if he wins in the fall, he will work to expand oil production and roll back Biden’s $20 million Inflation Reduction Act.
As for specific renewable energy companies to invest in, Bryant recommended Tesla and First Solar.
First Solar has been facing headwinds from lower demand due to higher interest rates. But with a Democratic White House, Bryant said it would be wise to invest in the $24 billion publicly traded company.
Dennis Shirshikov, an associate professor of finance and economics at the City University of New York and head of growth at vacation rental company GoSummer.com, also believes investing in renewable energy is the right thing to do.
“If Trump loses, it is likely that a Democratic administration will prioritize green energy initiatives and provide substantial federal support and incentives for the renewable energy sector,” Shirshikov said. Go to Bank rates.
‘Investing in companies specializing in solar, wind and other renewable energy sources can yield significant returns.’
After Joe Biden announced last week that he was dropping out of the presidential race, he endorsed Vice President Kamala Harris as his successor as the Democratic nominee. (Pictured: Harris boards Air Force Two on July 27)
Bryant has also decided to defer paying off his student loans if Harris wins the White House.
Since Biden became president, he and Harris have promised to forgive and alleviate her student loans, and if she is elected, that will likely remain the case.
Brian Kuderna, author and founder of Kuderna Financial Group, plans to leave his student debt alone.
“If Trump loses the election, I will postpone refinancing my student loans,” he said.
According to the U.S. Treasury Department, Americans owed a total of $1.77 trillion in federal and private student loan debt as of the second quarter of 2023. Loan tree.
“The Biden-Harris administration has promised student loan relief and forgiveness from day one, so if Harris is elected, she will likely implement some reforms — but these would only affect federal student debt, not private loans,” Kuderna added.
The third step Bryant wants to take if Trump loses concerns infrastructure.
One of the most notable initiatives of President Biden’s administration during his term was the passage of the Infrastructure Investment and Jobs Act.
The bill, which passed in November 2021, allowed bipartisan legislation to invest in repairing the nation’s roads, bridges, airports and other top priorities with a budget of $1.2 trillion.
Shirshikov said: “If Trump loses, we could see an increase in federal spending on infrastructure as part of the economic stimulus measures.
‘Infrastructure investments typically include upgrades to roads, bridges, public transportation and renewable energy infrastructure. Companies involved in construction, engineering and materials could see an increase in demand.’
The last aspect Bryant discussed is real estate, which is a hot topic in the US as rental and purchase prices have skyrocketed in recent years.
Bryant has also decided to delay paying off student loans if Harris wins the White House, as she and Biden have promised Americans student loan forgiveness and relief. (Pictured: Biden at Joint Base Andrews in Maryland on July 23)
During election years, real estate has “always been a good hedge against inflation,” he said.
Venkata Jagadish, a real estate investor and founder of Jay Buys Houses Group, agreed with Bryant.
‘If Trump loses, we may see shifts in tax policy, regulatory frameworks and interest rates. These changes could create new opportunities in the real estate market.
‘I am particularly looking to expand my portfolio of rental properties and invest in commercial real estate sectors such as healthcare and logistics, as these sectors have shown resilience and growth potential.’
On Sunday, President Joe Biden, 81, announced in a letter that he was withdrawing from the race and endorsed Vice President Kamala Harris to succeed him as the Democratic nominee.
It took Harris less than two days to secure enough delegates to become the presumptive Democratic presidential nominee.