Posted on 11/04/2020 10:50:29 AM PST by Justa
Moved my 401Ks from Stock Index Funds to Bond Index Funds To Protect From China Joe.
Did that yesterday LOL
I would love to put my money in gold coins, but don’t like to safeguard it.
There is an inverse relationship between bond interest rates and bond prices. As interest rates are quite low, there is only one way for them to go and that is up, when interest rates go up, the price of bonds will go down.
I do not know where to put money, but I don’t think bonds are the place.
The market’s had a good run under Trump’s pro-US, pro-business leadership. I see the Ds as anti-US and anti-business. Basically, led by ‘crush-the-middle-class’ elites so I think moving assets was only prudent. The Green New Deal alone will kill cheap energy. This will be a huge hit to the US economy while a being a boon to China’s and the Rest of World (ROW). US energy producers will have to export to China and ROW if they can’t sell domestically. Which of course is the purpose of the carbon-is-a-pollutant BS that is always promoted by Communists but never at Communists.
I did good trading big swings in SP500 index funds this year.
"Once you've got enough points to win, get off the field" says a wise Wall Street veteran buddy of mine.
> So the Senate can block the worst of the crap that Marxists are planning as legislation. <
I must gently disagree with that. If Biden gets in, he’ll rule by executive order. But Biden won’t last long. And then President Harris will rule by executive order.
Bye, bye Republic.
Maybe it’s a little early for that move. It’s certainly too early to be making your announcement here.
Is he super smart and ought to be consulted about all things?
I swear, some folks must go through life looking for butts to kiss.
Furthermore, if Joe significantly increases government spending, that is inflationary...and that means higher interest rates and lower bonds prices.
Just me, but I believe technology is the best hedge against the coming political uncertainly. Consider QQQ.
My China ETFs up 6% today ...
The markets won’t head south until if and when Joe is in office. We’ve got a few more months (hopefully years) of MAGA.
It's your money, you can't be wrong.
You are going to live with the profits or losses.
You are right, good luck {[BTW the stock (DJI) market is up over 600}.
Can you say “negative interest rates”?
Anyway Fox just said that the market is way up today. They speculate that the market is betting on a Biden win with the reps keeping control of the senate.
The markets are betting that Biden will open China back up and and they can outsource jobs again and the senate reps will prevent Biden from raising taxes.
Why? Biden and big business will do business together.
“How much lower can rates go? They are nearly zero now IMHO we are at the end of a 40+ year bond bull.
If I’m wrong I can move back into the stock Index funds in 30 days.
I’m betting the Ds will do a big reveal if they clinch a win and the stock market will tank especially if they do a national Lock Down -aka Marxists’ Crush-the-Middle-Class. Then I’ll buy back in hopefully before the price inflation hits.
For short term purposes, expecting a turbulent 60 day period, you did the right thing. However, once the smoke clears, maybe in mid January, I’d find a different strategy.
Also, this chatter of massive taxes coming for US industry, don’t go and expect it to occur in 2021 or 2022, because of the Republican controlled Senate. Nether Biden or the chick babe to replace him in 12 months have the charm to make it a big deal.
Moved to a money market fund last week.
Ha ha. Next in line!
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