'Your papers, please' must never be heard in America
Independent voices from the TWT Communities
For financial planners such as Graystone Consulting's Robert Scherer, it's hard to talk about investing these days without fielding dozens of questions from concerned clients about the "fiscal cliff."
"They are less inclined to own stocks in economically sensitive companies," he said.
"To make changes based on an election outcome or the fiscal cliff, to me, is unreasonable," said Mr. Vaughan, the managing director of Morgan Stanley's private wealth management division in Menlo Park, Calif. "I think the uncertainty of people's portfolio returns as a result of the fiscal cliff creates more conversations with current clients.