Author Topic: Can you love the Biden stock market but hate Biden? What are you doing?  (Read 3371 times)

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Offline banddag

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I still get paper statements.  Shocked to see how my funds have gained over the last year. 30-35% is common and I have moderate risk funds.

What will happen if Trump gets in? Wall Street does not like Trump at all. Worried about his tariffs, shutting off global markets etc.

What are you all doing? Sticking it out or pulling profits and moving out of market?

I know a much needed correction is coming. I was debating to pull some money and put in a 5.25% CD for 6 months or a year. We are in our early 60's and could easily live another 35+ years.

Ni matter how much you want it to happen inflation is going to be around fpr a long time even if Trump gets back in. Maybe not as bad but enough to keep prices higher/er
« Last Edit: July 10, 2024, 03:49:31 pm by banddag »

Offline 240B

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Most of the stock market gains are false indicators driven by Biden's out of control inflation.
The stock market is not "gaining value". It is simply inflating like every thing else.

Also if Biden wins, his shadow government who controls everything, will implement punishing capital gains taxes which will take it all back. France is attempting to impose a 90% tax on wealth. The American Democrats love it and are salivating at the thought of doing the same.

Democrats have their eyes on IRAs, 401Ks, private businesses, and stock portfolios, as their next sources of taxes.
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Offline roamer_1

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Most of the stock market gains are false indicators driven by Biden's out of control inflation.
The stock market is not "gaining value". It is simply inflating like every thing else.

That's right... And by the over all rate, you might be breaking even.  :whistle:

Offline DefiantMassRINO

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1.) The stock market is no different than the dog track - only gamble money you can afford to lose.

2.) Squirrels never put all their acorns in one location to manage risk - spread funds across institutions and asset classes to manage instiutional and market risk.

3.) Risk tolerance is partly emotional - do what helps you sleep well at night.  This will change with age, health, and retirement status.

4.) Keep some "petty cash" on-hand in case of a disruptive Black Swan event, i.e, like ATMs, and Credit Cards not working.

Because of automated algorithmic trading (computers), the Market will melt up, and crash down.  When the crash happens, you may not be able liquidate (sell) your investments as quickly as you'd like.  In the event of a Black Swan event, institutional orders take priority over individual orders.

I recommned meeting with an estate planner to help you structure your assets to protect in case there is a need for assisted living or a nursing home.

Was 9/11, 2008/2009 Financial Crisis, and Covid part of most people's retirement planning?  Nope.

My in-laws' retirement was thrown curve balls with health issues - Cancer (in remission), Alzheimers/Dementia (progressing), Congestive Heart Failure (being managed with meds and a pacemaker/defib), C.O.P.D. (managed with meds and respiratory therapy), and emergency intestinal surgey (recovered).  They've recently met with an estate planner to help structure their legal documents to protect their hard-earned savings and investments.

When the Big Flush happens, most people will be in the same boat.  Work with trustworthy professionals to make sure you have a lifeboat and a life jacket in case the ship goes down, or the rescuers are slow to show up.

I don't know what will happen, but, whatever is happening, I still need grow my savings and investments while being able to sleep well at night.
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