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Hasn't Hillary been advocating the raising of capital gains taxes; and, if she wins (of which I think there is a good chance), could her election lower the market on the fear of a capital gains increase.
I'm not trying to be anti-or-pro any particular candidate on this thread; but I thought I had heard her say she would raise the capital gains tax. I could be wrong...
Hillary lies so often, she probably doesn't even remember what she said. In any event she has taken so much big money from so many donors that I don't see a CG tax hike coming any time soon, should she get in
IMHO the markets are up because most people have no where else to put their money, I had a chunk of my portfolio in 5.6% cd's for the last 7 years and was content with them, yes I know I missed some of the highs on that portion of my money that was in cd's but I was happy with a consistent 5.6% income. Of course the problem was that was all taxable so the money in the market may have done better on that end but it was still nice seeing my money go up every month instead of the roller coaster rides of the market and there was never a down. I feel a lot of people might feel like I do but now have no choice but to invest..
I update my asset/obligations (ie. Networth) spreadsheet frequently, and it's been a few weeks since i've been able to gather the courage to do so. Finally did it today, and boom, down about $50k in total, since 12/31/2015. It's very tough to watch, so i'm 'watching' as little as possible, but it's hard to avoid completely.
I am pouring in as much cash as i can spare into the s&p though....right or wrong. The year end bonus all went in there, along with another 5 or 6k i had in brokerage accounts. All seem to be "gone" given that even with those contributions (about 15k in total), my balance is much less than what it was before. I've also upped my 401k and have contributed 5500 so far this year, but my 401k is also significantly lower than year's end, by about 25k.
But i think to panic would be a mistake....at this point in time. I wish i had more cash to jump in with, but sadly i don't.
So, to those who might be considering a sell-off, i suggest you hold on a bit longer.
Anyone disagree?
this was a good move
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