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.
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.
Conspiracy rant: Nothing will stop biden/harris from taking your money, ecspecially when Uncle Joe departs.
You see, your money is the direct result of a corrupt racist society. You have money only because you have White Privilege, so, that gives Harris the right to seize your ill-gotten bucks.
Tin-foil hat off. . . .
You chose poorly
Move to cash, property, or precious metals
I moved about 40% of my retirement assets to bond funds in October. I wanted to be sure I would have enough for at least the first 10-12 years, in case the markets don’t come back any time soon. Am hoping to retire in about 15-18 months.
To protect from Joe and the Dems long term, you’ll need to get the assets out of the 401(k).
How about doing something patriotic and donating a bit of it to Team Trump (and maybe FR) instead of boasting how you’re taking care of yourself as you bet on your country going down the tubes.
So If stocks are soaring than that growth will drive my stock index funds to make up more than 80% of the portfolio, so I sell the overrun and use the proceeds to buy more of the bond funds. If stocks are down, bonds will be more than 20% of the fund so I sell some and use the proceeds to buy stocks.
Basically I'm selling stocks when the market is high and I'm buying stocks when the market goes down. But not every day, four times a year. Once a year I decide if I want to change the ratio. It started 90% equities, as I've aged I've made bonds a bigger share to hedge risk since I am closing on retirement in 10 years or so. So far I've done VERY well with this strategy, as have many others.
Here's an article on the approach:
https://bottomlineinc.com/money/mutual-funds-etfs/simplify-your-portfolio-with-one-two-or-three-funds
Uh and why is the stock market going crazy today. UP UP
I’m thinking of allocating more to gold and silver mining companies if Biden wins.
I’m holding where I am if Trump wins.
Smart move. If Biden wins wait til inevitable market crash then go back in.
With interest rates so historically low, stay away from any bonds or debt investments with maturities beyond 1 year.
If interest rates go up later, you will be HAMMERED as the Market Value of longer term bonds will PLUMMET.
No one cares.
As soon as I hit pre covid levels, I went to cash, the only safe enough harbor for me. I sincerely believe the market will tank again at some point in this process. The violent insurrection when Trump is adjudicated re-elected being the most probable. As the insurrection begins to subside, I’m back in. If Biden steals it who knows, gold or Chinese investments. There were Freepers smart enough, not me, to see the coming China Plague crash who made out like bandits doing similar. Regardless, at minimum I’ll at least end 2020 where I started it.