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If you are talking politics in a Money & Finance forum esp due to Trump, you are a fool. And if you are making investment decisions based on your political views, even more of a fool.
Agreed no one likes the $37 trillion in national debt nor some of Trump's policies, but the stock market is agnostic, and this is a bull market esp for the Tech firms. You can either participate or be left behind. Your choice. |
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The stock market isn’t agnostic to Trump’s policies. What a crazy thing to claim. His tariffs and mass government firing have caused the largest amount of layoffs since pre-COVID. This is self-made.
Consumer confidence is way down due to his instability. Do I hope everything is fine, yes. But, manufacturing is down month over month this year. If he doesn’t start TACOing again, nobody knows what will happen. |
Mass govt firing was way over due. So many lazy govt workers doing very little, scamming the system, working 4 days a week with thr “compressed work schedule” which is bunch of BS, and producing even smaller results on the taxpayer dime. Almost impossible to get fired. This huge RIF is welcome indeed. |
How can anyone argue against bringing manufacturing back to the US? Biden’s “America Last” inflation-inducing policies were a disaster. Good riddance. |
You meant to say Obama and Obama 2.0 (Biden) were the most fiscally irresponsible Presidents. Obamacare has only increased medical premiums and out-of-pocket costs for millions of Americans. Biden printed trillions and caused 9+% inflation at one point. But the National debt is the biggest problem and both parties are responsible for this over the past 25 years. Foreign countries, especially unfriendly ones like China, owning a lot of this debt is one of the biggest threats to our national security. Shame on our politicians (both parities) for putting our country in this position. |
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You are dramatic for a person who has a decent job and makes decent money.
I got paid minimum for decades. I invested some of it (in good times and bad) and retired early. I didn't have a portfolio/401k in someone else's hand as they cannot invest for you to get the returns you deserve. I learned a lot, made a lot of money and make anywhere from 3-8% a week. The volatility in the market is the best and I'm ready for it. 'Yes' to crypto and 'no' to anxiety. Makes life so much easier. Ofcourse he is printing money. Go with the flow. College costs? Get high school credit transferred for year one. Tell the kid to get a job and pay for the rest of the college. They should get tax a decent tax refund if they are on their own and if you don't touch 529. Read the rules. Stop with the super rich. Doing well in life is available to most people in US. It's their thinking that holds most people back and then health problems. |
This is the main reason I think the stock market won't implode. The super rich won't allow it to happen. |
Can you enlighten us how “the super rich” will go about preventing an implosion? |
It's not the "super rich", whoever they may be. It's investors large and small who have confidence in the potential they see in the companies they have invested in. Those companies, i.e. the market generally, are seen as either currently profitable or likely to become profitable, making the companies more valuable, and those who own them through their stock wealthier. Perceptions that the regulatory environment and the tax regime are both trending more favorably for businesses also supports investor optimism, which in turn supports demand for equities. Pessimism among the great unwashed masses has little effect on the markets; the investing class is who matters in this context. |
I do also think if Trump’s policies start losing money for the rich in any significant way, they will figure out a way to get him out of there. No moral issues with him but once it hits them, they will. I believe this. |
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I am 68, single and retired. Have most of my money in Vanguard mutual funds. I will start taking social security at 70.
No pension, but an annuity that pays me $1700 a month. My condo is paid off, but I have a monthly fee. 49% of my retirement savings are in equity mutual funds. What do you think of that proportion? 🤔 |
This! |
Seems reasonable to me. I'm more a risk taker, age 65 and about 90% in stocks vs fixed income. But I have a bunch of dividend payers, my bond proxies. SS is also an annuity, so you will have two annuity streams of income. |
You do you but this doesn’t seem like a great idea. The AI bubble is going to burst sooner or later. For those who haven’t been paying attention or who have been gaslit by the AI hype that is predominating in the media and tech industry, pay attention to the numbers if you have invested your retirement or your kids’ college fund in this market. We are all loving the returns right now but what are they based on? Certainly not earnings. Nvidia and the other members of the “Magnificent Seven” are driving the froth. The bottom line is that 5 of the “Magnificent Seven” are spending hundreds of billions chasing AGI and they have yet to earn any meaningful returns from their AI investments. Any! Meanwhile while everything we have been promised about AGI taking over the world and transforming labor markets may come to pass, it hasn’t and latest iterations of ChatGPT have been total disappointments. The Magnificent Seven make up almost 35% of the US Stock market value right now and the chip purchases from 5 of them make up almost 42% of Nvidia’s revenue! Microsoft alone is spending almost HALF of its Capex on Nvidia chips. Without showing any meaningful returns from this spend! Sure sure this could all just be a very smart investment in our AI future, but what if it doesn’t pan out? What if these companies realize that they are wasting billions chasing a dream of an AI business that just isn’t there. Then what? They cut their spend on Nvidia and the whole thing comes crashing down. If you think this is insane you haven’t been paying attention. People on the fringes of the tech sector are starting to speak out. Look up a recent article in the New Yorker about how the promises of AI are falling short or read tech journalist Ed Zitron’s writings. The numbers don’t lie. https://www.wheresyoured.at/the-haters-gui/ |
Walmart, Target, and Tesla are all losing massively under Trump. So, can you please provide more into your reasoning with this statement? |