We are about to elect a new president - and what an election season!!! I stay tuned into the news daily. But how will a new president affect your wealth in 2017? Probably not much. The riding affect will be the financial markets. No matter who becomes president, the US and world markets will have to face many challenges. Investors must consider these when allocating their portfolio. The basic question investors face is "how should I be invested"? What should my portfolio look like in order to be well positioned for 2017? My view is that 2017 will offer little upside in terms of equity returns, and significant downside as markets come off of about eight solid years of equity returns, 2016 notwithstanding (Dow up only 3.25% for 2016 - but it's up!). Downside in a correction can be significant 20 -40%. There are many signs that we are due for a correction (corporate earnings not supporting prices, long period of low interest rates propping up markets, failure to reach new highs, increasing leverage....). It isn't a certainty, but investors should be cautious - bake this increasing down-side risk into their asset allocation strategies. Stay Tuned!