Posted on 06/24/2016 6:49:22 AM PDT by expat_panama
Emotions are running high in this campaign. And that—not any candidate’s policies—is the real threat to your portfolio. Here’s how to drown out the noise.
Stocks will plunge if Donald Trump is elected President. And the bond market could capsize if Trump goes ahead with plans to renegotiate the national debt. Yeah, but if Hillary Clinton wins the White House, she’ll cripple the economy by hiking taxes by $1 trillion. And oh, by the way, her foreign policy will end up destroying the world. As these are actual statements made by famous investors—like billionaire Mark Cuban and Swiss investment adviser Marc Faber—it’s understandable if you’re worried that the outcome of the election could upend your portfolio.
But while the inhabitant of 1600 Pennsylvania Avenue can alter the lives of billions of people, history says presidential politics have a surprisingly small impact...
...key to your success this year is understanding that your emotional reaction to the election—not who actually wins...
(Excerpt) Read more at time.com ...
I got my wish! Britian OUT of the EU - stocks tank, gold & silver soar...and John Feckin’ Kerry is on Suicide Watch, LOL!
It’s a Good Day to have a Good Day!
Maybe the even-better-news is that we got some nice buying opportunities coming up when reality finally sinks in to panicky traders.
And isn’t it an irrational action? Sure, there is:
Others like France becoming encouraged to leave
Currency instability but the UK is not even on the Euro
This change won’t happen immediately and the treaties will take years to materialize
The world goes on, people do not stop consuming with this vote
Uncertainty is the problem isn’t it?
With each proclomation of any change to the staus quo resulting in an armageddon like collapse I consider the source. When crony capitalism ended or was at least dampened for a bit in places like Indonesia the end of the world as we know it was forecast there by the people who would be ousted.
I’m ready for a new sherrif in town. The cost will be temporary. This last “new world order” (NWO) of the last 30 years has been a big turd in the punch bowl. The NWO is just another brand of socialism and it stinketh. I remeber when GHW Bush declared the NWO and began destruction of what Reagan started. We have had nothing but collectivists and globalsits around since then. They are all about power, privilidge and money for them and another reality for the rest of us.
No, I am not polly anna to think that we are entering some golden age but the path we are on has been and surely is a spiral to the bottom of the toilet.
let me know when Lurch Kerry pulls the pin. I’ll celebrate. If he were to take a bunch of his cretin kin with him I’d be downright exstatic.
Markets are reflections of confidence and do not like periods of uncertainty. Steady and common sense are the best guidance.
I don’t see why Brexit has to affect trade relations, even if France or (more likely) the Netherlands votes to exit.
The EU was fine when it was mostly a free-trade association. It could become one again, without the Euro (in mainland Europe) bankrupting Greece, and modification of the free-migration policies more recently put in place.
The “union” would probably work better if it was an “association.” It doesn’t have to be all or nothing, but Brussels bureaucrats have a lot invested in “all.”
Excellent points. Just like a lot of things, a fair enough idea morphed into a monster for the benefit of the bureaucrats, politicians and othe power mongers.
Isn’t it always so? The Euro has not been in place but about 15 years.
The monster spread its tentacles far and wide. Nothing was too small or insignificant not to be touched and regulated. When bureaucrats have jobs they keep finding things to do and expand their jobs.
Time for a new direction. All over the world. Hopefully it will be a better one.
Just checked the ticker: Every one of the 14 mutual funds in our investments and retirement account is GREEN. As David Brinkley used to say: “If all the experts are in agreement they’re probably all wrong.”
"Things were so much better before. Why did it have to change?"
"Worst economy in 50 years..."
"I don't know if we can survive four years of this..."
"Women and minorities hardest hit..."
< /DNC>
Buy low
Sell high
What are prices doing today?
Buy.
Really? I quit my subscription to Money magazine years ago because I lost a bunch of money - a whole lot - following their advice. I only started making money by ignoring such useless advice. And thank you, I’ve been doing quite fine ever since.
He is awful, isn’t he? Traitor.
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