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Vote for me or say bye bye to your 401k

Discussion in 'Too Hot for Swamp Gas' started by gatorknights, Aug 18, 2019.

  1. oragator1

    oragator1 Premium Member

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    Beyond the fear mongering, it’s absolute narcissism. He is the only one who can do what he’s doing, anyone else will be terrible.
     
    • Agree Agree x 1
  2. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    Too much China in your portfolio? Many people's 401 K are tied to China. Not mine nor my girlfriend's. Lucky...
     
  3. GatorNorth

    GatorNorth Premium Member Premium Member

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    What moves did you make to untie it from China?
     
  4. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    Far too complicated... I just made it a point to eliminate/change most all of the stocks that had to do with China...
     
    Last edited: Aug 19, 2019
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  5. NavyGator93

    NavyGator93 GC Legend

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    As I said, my investments are doing well, but they did better before trump. My point is he isn’t going to save anything, much less my 401k.
     
  6. MaceoP

    MaceoP GC Hall of Fame

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    Even though many of you like to bluster on this board, if Warren or Sanders win, I’m definitely lightening my equity position and I’m sure many of you will do the same
     
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  7. NavyGator93

    NavyGator93 GC Legend

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    Probably a good call. However, the markets did much better under Clinton and Obama then any recent Pubs.
    What about Biden?
     
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  8. dangolegators

    dangolegators GC Hall of Fame

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    Well on the one hand, with a Warren win, stocks could go down because of expectations of tax increases and stronger regulations. But on the other hand stocks could go up because we'd no longer have an incompetent president who is constantly derailing our economy with whims and tweets.
     
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  9. NavyGator93

    NavyGator93 GC Legend

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    Also, not sure I was blustering.
    I have purchased some individual stocks and have done well, but I primarily dollar coat average.
    And, we live very non materialistic lives.
     
  10. GatorNorth

    GatorNorth Premium Member Premium Member

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    So your portfolio is 100% Winn Dixie and Food Lion?
     
    Last edited: Aug 19, 2019
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  11. MaceoP

    MaceoP GC Hall of Fame

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    Even though I think you’re a crazy liberal I would advise you not to bet on “on the other hand” scenario

    I think if Biden wins we will be OK as long as he doesn’t bow down to the immense pressure he will get from the progressive wing. The wildcard in all this is if Trump actually does a good trade deal with China I think the economy and markets will continue to be strong and no matter how much he is disliked he’ll be tough to beat in the election
     
    • Agree Agree x 1
  12. dangolegators

    dangolegators GC Hall of Fame

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    Well we've seen conservatives' predictions of economic doom after the Clinton tax increases and after Obamacare. Didn't happen. And we've seen conservatives' prediction of economic boom times after tax cuts, most recently with Trump's tax cuts, and that didn't happen either. We're back at 2% GDP growth. So I'm not going to put too much stock into your prediction of what will happen if Warren or Sanders becomes president.
     
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  13. chemgator

    chemgator GC Hall of Fame

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    Any 800-point movement in the Dow Jones triggered by one of Trump's foolish tweets would be temporary. I don't think too many retirees should be worried about a small (3%?) temporary blip in the stock market.
     
  14. gatorknights

    gatorknights GC Hall of Fame

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    It wouldn't surprise me if his tweets are a tip off to his day trader buddies so they can make a 3% in 4 hours off each single trade, and then cash in again on the rebound. My stuff lost $8k in a week because of his nonsense. It'll rebound as I have a much longer holding period than 4 hours. But some folks aren't as educated/lucky to survive his thumbs.
     
  15. OklahomaGator

    OklahomaGator Jedi Administrator Moderator VIP Member

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    Unless you are a day trader, you will survive the ups and downs of the market in the long run.
     
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  16. gatorknights

    gatorknights GC Hall of Fame

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    Diversification and long holding periods are our friends. :)
     
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  17. channingcrowderhungry

    channingcrowderhungry Premium Member

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    I always find it strange that people, particularly on this board, love to equate the stock market with the economy. The economy doing well and your 401k being up don't indicate the same things.
     
    • Agree Agree x 1
  18. gatorknights

    gatorknights GC Hall of Fame

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    While it is not a direct correlation, an indicator, it is not a determiner. Some folks don't get it, but someone in WDC is selling it hard.
     
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  19. OklahomaGator

    OklahomaGator Jedi Administrator Moderator VIP Member

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    I was always taught the stock market is a leading indicator.
     
  20. gatorknights

    gatorknights GC Hall of Fame

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    • Informative Informative x 1