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Temporary gains not based on core financial stability are dangerous, and add risk. We need stability. You wanted opinions? My opinion, as someone who has worked in investment and wealth management for a long time is that removing Trump from office will grant the market more stability. We might see a temporary drop (especially if Trump goes through his typical theatrics over the next few months), but the economy as a whole (measured by a lot more than just market cap) will improve. The instability added by Trump makes it more difficult to plan for the future, economically speaking. Again, you may disagree, but that is my opinion.
On a political note, Biden is a centerist at best, globally speaking. We aren't at risk of moving far left.
That is a big assumption that he will still be in office two years from now if he does win. Unfortunately he picked the Senator that is more to the left than 99 others to be his VP. What happens to your stability then?
Lol...you guys are assuming that Biden is going to follow through on his empty promises to raise taxes on the rich etc.
Remember, this is the VP from the administration that swept to power in part due to anti-war sentiment and then proceeded to do pretty much nothing different on that topic for 8 years.
Biden isn't far left, but the far left has nowhere else to go.
In fact, Biden being elected will imo hurt the far left because attacking your own party is not encouraged and supported.
The problem is that he has dementia, or some form of cognitive decline, and Harris would become president should he win, probably within a year at most. And she is the most leftist senator in the Senate. It's a real risk. I've read some of her policies and they're quite radical.
Regardless, I appreciate your opinion. Thank you.
Honestly, I view the idea of Biden having dementia as conspiracy theory, and nothing else. One has to divorce themself from the extreme crazy ideas on both sides of the isle when discussing topics such as this. The market is resilient, and is not influenced by the president in a meaningful way. Many of the new products and new strategies being produced would have a difficult time being significantly impacted (mid to long term) by any one president.
IMO, If you're looking to retire, or need cash within six months of the election, maybe move more to short term investments. Otherwise, don't change a thing in your strategy.
Democrats have historically been better for the economy, jobs, the stock market, debt, etc. than Republicans. Expecting something different under Biden seems irrational and solely because someone watches too much Right-wing news.
Those were not the Democrats of "today" like Biden/Harris. If millions of illegal aliens become citizens, imagine the cost to public assistance! Imagine the cost of all of Biden's promises, and how can that be good for anything? I think you need to become familiar with the "modern" Democrat. I do not remember those things being good under Obama, and thus the reason that Trump was elected.
The question is how to keep a Biden/Harris administration from taking what you have to give to someone else who has not earned it. We all know from world history what will happen if Biden/Harris are elected.
Honestly, I view the idea of Biden having dementia as conspiracy theory, and nothing else. One has to divorce themself from the extreme crazy ideas on both sides of the isle when discussing topics such as this. The market is resilient, and is not influenced by the president in a meaningful way. Many of the new products and new strategies being produced would have a difficult time being significantly impacted (mid to long term) by any one president.
IMO, If you're looking to retire, or need cash within six months of the election, maybe move more to short term investments. Otherwise, don't change a thing in your strategy.
The market would be less volatile under Biden than Trump. Trump does one crazy tweet and the market instantly reacts negatively (i.e. dumb stimulus tweet earlier this month). He's not as prone to random outbursts that could impact the financial markets the way Trump is.
Those were not the Democrats of "today" like Biden/Harris. If millions of illegal aliens become citizens, imagine the cost to public assistance! Imagine the cost of all of Biden's promises, and how can that be good for anything? I think you need to become familiar with the "modern" Democrat. I do not remember those things being good under Obama, and thus the reason that Trump was elected.
The question is how to keep a Biden/Harris administration from taking what you have to give to someone else who has not earned it. We all know from world history what will happen if Biden/Harris are elected.
What will they take from me to give to someone who hasn't earned it? I don't make more than $400K a year, so it's not like it will be in the form of taxes. What are they going to do? Take my property? What proof is there of any of this?
You people need to understand how Socialism works. It's not taxing high-earners, that isn't Socialism, because if it was, we were a Socialist country from 1932 until 1982.
I think it's funny how you guys think taxing a millionaire at 40% instead of 37% is somehow redistribution of wealth and Socialism. We really need education reform in this country, because it's seriously lacking with many of you, especially on the right.
Location: New Albany, Indiana (Greater Louisville)
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Personally I'll do nothing different. In income I am too low to get a tax increase, if Trump and GOP actually won I'm too high to get much of a tax cut. My work industry would be neither hurt nor helped with a change in power.
The market would be less volatile under Biden than Trump. Trump does one crazy tweet and the market instantly reacts negatively (i.e. dumb stimulus tweet earlier this month). He's not as prone to random outbursts that could impact the financial markets the way Trump is.
Exactly. Right now I work for a global investment management firm. The turmoil and uncertainty caused by Trump is not trivial, from what I've seen. A rising market is not the best thing in the world if we can't reasonably predict even six months out.
Those were not the Democrats of "today" like Biden/Harris. If millions of illegal aliens become citizens, imagine the cost to public assistance! Imagine the cost of all of Biden's promises, and how can that be good for anything? I think you need to become familiar with the "modern" Democrat. I do not remember those things being good under Obama, and thus the reason that Trump was elected.
The question is how to keep a Biden/Harris administration from taking what you have to give to someone else who has not earned it. We all know from world history what will happen if Biden/Harris are elected.
Were you an adult during Obama's term in office? Stock market returns were strong and the economy dragged itself out of a massive crisis (no thanks to Republicans forcing the sequester). These aren't subjective opinions.
Were you an adult during Obama's term in office? Stock market returns were strong and the economy dragged itself out of a massive crisis (no thanks to Republicans forcing the sequester). These aren't subjective opinions.
Incredibly, the highest marginal tax rate was LOWER during Obama's entire first term than it was under Trump's first term. During Obama's second term, it was only 2.6% higher than it is now (same rate as late 90's).
This is all conveniently overlooked by "fiscal conservatives" and supposed deficit hawks that made a big fuss during Obama's term about the deficit, but then forgot about it when Trump came into office and wanted to pass a tax cut.
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