By Jill Sperling

Investment advisor says Trump win could be good for U.S. economy

Nov 9, 2016 | 3:02 PM

KAMLOOPS — Election night made for a volatile few hours for the world markets, and that has some people wondering what to expect once Donald Trump is sworn into office.

Around 11 p.m. Tuesday the futures were down about 800 points for the American markets, but opened up 300 points positive today. 

Mark Bertoli, investment advisor with Abbott Wealth Management, says it’s important for people not to get caught up in what the markets are doing over the short term. 

“I’m not saying that there’s not going to be volatility,” Bertoli said, “but i think you need to look through and say what’s going to happen with the economy in the long run, because that’s what the markets judge is the performance of the economy overall.” 

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Donald trump has proposed lowering the corporate business tax, a plan Bertoli says reflects the economic policies of former president Ronald Reagan.

“As a result of lowering corporate tax and creating more jobs in the 80s, Reagan, in the second year of his term, there was one of the largest booms in the U.S. since the depression. This could, by lowering tax on some corporations, could create a lot of jobs and be good for the U.S. economy.”