How to Obama-proof your portfolio (surviving socialism)

MarketWatch ^ | 11-4-08 | John Dvorak

[RKBA Democrat]

With the election of Barack Obama almost assured, investors now have to figure out what it means for their individual portfolios. Will the technology sector benefit or suffer with Obama? That's my main concern. It's hard to tell, since Obama has not been specific about the concerns of the tech sector. We do know that Obama will have to push the alternative-energy agenda and the greenhouse-gas/carbon-footprint agenda. He also promised a reduction in dependence on foreign oil. This may mean good news for the semiconductor business, where smarter electronics translate into more energy efficiency. I perpetually like Intel Corp. Corporation as an investment in this regard, but the entire semiconductor sector could do well. All this, of course, is dependent on the economy not going totally into the tank like it's 1929. But how does an investor protect himself or herself when we really don't know what's going to happen?

[metmom]

We own our house and vehicles and have no debt.

It’s not always easy to make ends meet, but... we’ll manage.

[Candor7]

Done.

Montreal has a great array of very hospitable banks and brokerages.

[FrankR]

Thanks Chet....

Conservatives (Note that I'm intentionally avoiding the term "Republican" because the Republican party seems to be pretty much avoiding us) need to realize that every dollar that we make, or spend, will go to prop up our new dictator.

Those considered "rich", need to move to Costa Rica - lock, stock and barrel. Those of us who are stuck here, we need to go into "operation tightbelt".

You can't redistribute what isn't there.

I've been toying for months about whether to keep working or go on Social Security. I've never been one to dole off the government, and pride has kept be working, even after I was downsized. I'm now 63, and like a lot of other boomers I'm on the cusp of retirement.

But now I am so "inspired" by the great Zero, knowing he is going to take care of the "poor", like me, I think I'll just go ahead and retire and let the obamites (the ones who will end up with all the jobs)support ME!

I mean, if we all quit, those younger ones with their hands out, might have to work for a living - then we can hear their little pig squeals when their messiah takes half THEIR paycheck to support US.

Actually, this would be a very good time to institute the "Fair Tax", as there will be less people working, but the spending will continue for a while. But, that's another story for another day.

I see the possibility of a great "underground economy", which produces no taxes. The "great one" is going to kill the coal industry, which will cost thousands of jobs in the fuel and power industry; he will make sure we go through the roof with gas prices again...more jobs lost.

He and the pelosi gang are going to do all of the same stupid things that liberals always do, using the wrongheaded logic that taking more from producers and entrepeneurs will somehow strengthen the economy. They just don't see it, it must be a Bell curve thing.

It's going to be groceries and necessities only for me for the next four years...on purpose! This is the best time to implement this plan, as the dems have already pushed the economy to the brink, and all it needs is a nudge.

[hunter112]

We need a good “sham” company that we can invest our IRAs into, that will “lose” money, but secretly salt it away in a foreign account. I’d gladly part with ten percent for that.

[VanShuyten]

But, I’d watch to see where the Dem Congresscritters are sheltering their incomes, and how.

Beach houses in the Dominican Republic. Tuna plants in American Samoa

[Oldexpat]

Under socialism, the big companies that are favored do very well. The companies in line with the politics. Gates,Buffett and others will get the plums. So invest in them first. Then the favored financial companies. Buffett invested in Goldman Sachs and Wells Fargo. They will be favored..

[VanShuyten]

Don’t buy government bonds unless they are inflation-proof. Obama is going to take all that money that is being traded among financial groups and funnel it into consumers’ pockets. That’s going to lead to high inflation, high unemployment(especially for our New Americans, as he will put illegal alien amnesty) and no growth. Stagflation, here we come!

[oblomov]

Why do you think one should be cautious of gold? If Obama freezes the price of gold, it is equivalent to putting us back on the gold standard.

[oblomov]

Really? Would you care to PM me with some names?

[Malesherbes]

I agree with your prescription. I’m fully prepared to minimize consumption. I’ve already stopped consuming the local fish-wrapper. I no longer consume the “news-weeklies.” I consume very little TV, and I make an effort not to consume the products of any company that I suspect of complicity in the current mania.

[Jim Noble]

With the election of Barack Obama almost assured, investors now have to figure out what it means for their individual portfolios.

Dumbass. It's not about the money.

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams

[ChetNavVet]

Gosh, no words I could come up with would explain Your (and mine) discontent. Thanks so much for pinging back! One thing is certain my FRiend, ME LIKES YOU, and take refuge if you feel obliged, SIR, YOU GOTTA DO WHAT YOU GOTTA DO, Me? well you can bet your sweet a$$ i”m gonna do what I feel I gotta do. OUT OF OBLIGATION?, Id say “to who?” I’ll do it out of (soon to be)outdated things like “reason” or “concious” or “Intelligence”.
You keep on sticking to your guns my friend, and know that
There are so many of us out there, that we actuall almost outnumber the San Fran Gay Mafia.

FrankR, Don’t worry yourself too much. I may jest, I may kid, All is not lost, not yet anyway... The big zero won this round, this time. The thing that makes me get off of the floor is guys like you, And the rest of folks like us, Who know the truth. Be assured that many folk like me did take an oath...and I’d be proud to follow it... Without violating the Constitution... (because It’s part of it)

[tacticalogic]

Obama says he's going to use tax policy to keep companies from moving jobs overseas.

He just might do it.

The unintended consequence is that now they'll start trying to figure out how to move the company overseas.

[tacticalogic]

Why do you think one should be cautious of gold?

FDR seized private gold holdings. Obama seems determined to make the same mistakes all over again.

[MrB]

I’m with you - let’s crash the system.

I would even go so far as to say we see what “gov’t assistance” that we can get, and as much of it as we can syphon off.

Put all your assets in a trust or LLC, appear to be broke.

[penelopesire]

“ditto...the only solution is to refuse to participate. I think survival mode, not prosperity mode, is the proper stance now for all conservatives. They can’t finance their new playground if the producers aren’t contributing.”

Double ditto!

Who is John Galt?

[RWB Patriot]

Count me in with that idea.

[The Californian]

Please put me on the ping list.

[ReeseBN38416]

ping for later

[wastedyears]

Everything will suffer under Obama. Why should we get to enjoy the fruits of our labor?