General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI think when Trump blows up this country the market will go belly up.
That would be the end if his nonsense. Rich people have a lot of their money in the stock market and that will NOT be pretty.
yourout
(8,094 posts)OAITW r.2.0
(28,437 posts)We've got more skin in the game than the very rich. I am wondering what I should be doing with Trump in charge of the economy.
yourout
(8,094 posts)They're either going into annuities or something with minimal return but also have no risk. We're in our 60s so we can't afford to take a hit like the retirees did when Bush Jr crashed everything.
It's likely that all the money in the infrastructure projects will keep the market going till about 2 years in but I can't risk it right now.
The next crash is going to be a big one because there is no guardrails left.
OAITW r.2.0
(28,437 posts)True Dough
(20,474 posts)"When Americans sneeze, Canada catches a cold."
Because the U.S and Canadian economies are so closely interwoven, any U.S. stock market crash will have serious side effects for Canada. True too for Europe, perhaps to a lesser extent, however.
kerry-is-my-prez
(9,256 posts)When I worked in investments, it used to be that pensioneers had huge billion dollar accounts but I dont think its a thing anymore. People have been getting their pension accounts closed.
Silent Type
(6,761 posts)J_William_Ryan
(2,190 posts)Congressional Republicans corporate masters may not let it get that far.
edhopper
(34,921 posts)The Savings and Loan disaster,more Bush from Sub-Prime meltdown.
All Republicans tank the market.
OAITW r.2.0
(28,437 posts)And passing legislation that makes it happen.
kerry-is-my-prez
(9,256 posts)That used to be the big thing way back when with all the top investment people. One of my bitchy, pain in the ass clients did those exclusively. I have to chuckle thinking she might have had her pattys slapped.
kerry-is-my-prez
(9,256 posts)Complaining. The market hasnt collapsed yet. I would think that would be a worry. Warren Buffet sold all of his Berkshire Hathaway stock not too long ago (which is the cream of the crop when it comes to funds) which is pretty noteworthy. The price is up which is surprising after someone sells a large amount.
Blue Full Moon
(1,234 posts)Wrote an article on just that. Forbes tried to warn people ahead of the election. I guess tRump supporters don't read.
RainCaster
(11,574 posts)Can't see value in the subscription cost, and they would never darken the door of a library.
Happy Hoosier
(8,431 posts)Its the only way to get enough of a return to actually generate income replacement.
kerry-is-my-prez
(9,256 posts)cliffside
(492 posts)The very wealthy are either hedged, moved some money to fixed assets and/or private investments which are becoming more common. Plus they can afford a little loss.
https://stockcharts.com/freecharts/historical/marketindexes.html
Scrivener7
(52,884 posts)I originally thought I'd stay in the market, but I didn't. I put a lot on the sidelines last week.
I feel safer now.
kansasobama
(1,526 posts)If it has to root out fascism for good. Yes, I will suffer too but I am willing to bite it if it assured a Trump failure.