President doesn’t affect investment income
Letter to the Editor,
I am responding to the June 15 Letter to the Editor by Sue Froelich.
Sue claims that her retirement income is affected by whomever is president at the time. In the context of the markets, claiming that the president affects investment income is just noise.
A president has no direct control over the stock market due to many variables. An example is the COVID-19 pandemic which caused a market crash.
Stock market prices are determined by business fundamentals which are not directly controlled by fiscal policy. Investors should ignore comments by anyone that a political party or president would be able to make your investments increase in value.
Robert Boyer
Wooster
Letters to the Editor must be 300 words or less, should include name and place of residence, and include no personal attacks. Letters will be published based on availability of space, and AloNovus Corp. reserves the right not to publish and to edit for clarification purposes. Letters should be emailed to Editor Mike Plant at mplant@alonovus.com.