Investing Under Joe

Posted by Abaco 4 years, 8 months ago to Economics
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So, I started prepping my holdings for a Joe presidency a while ago. A few of those changes have already proven very profitable. One is a company with the Federal contract to distribute the vaccine (which now may be administered with great government force) MCK. The others are two Chinese electric car companies who are "competing" with Tesla the way Chinese companies like to compete against American companies - we know Joe will go easy on these companies. BYD and NIO. Based on what those stocks are doing I was saying earlier this week, "Wall Street thinks Joe's going to win." I feel a little dirty about all this. But, my kids need shoes...


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  • Posted by mccannon01 4 years, 8 months ago in reply to this comment.
    Not so odd. Politicians advocating government growing by taking wealth from the people is a promise most of them seem to keep. I'm not 72 yet but I am going to start liquidating some smaller IRAs and buy a few items I've been holding off on before the taxes go up.
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  • Posted by mccannon01 4 years, 8 months ago in reply to this comment.
    Just watched "V For Vendetta" last night. Holy Schiff! Take out all the entertaining swashbuckling and you have a real glimpse of sliding into Marxism here in the contemporary USA. I'm going to watch it again soon just because it's easy to miss a lot in a single viewing.

    I believe it was you in another topic that mentioned "V...", which sparked my desire to watch it again after so many years.
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  • Posted by mccannon01 4 years, 8 months ago in reply to this comment.
    I was thinking about buying silver coins or bullion of some form. Gold is out of my reach as well at this point and I wonder how value-for-value tradeable it will be in a pinch, whereas silver my be a bit more liquid in the same pinch. The one thing that worries me is the constant advertising of these commodities may have driven up the cost by creating artificial demand.

    I wonder if silver stock or ETF may be the way to go because it would be so easy to trade at this point.
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  • Posted by mspalding 4 years, 8 months ago
    I'm selling real estate with large capital gains now to avoid the 40% capital gains tax promised by Joe. It is a bit odd that I believe a politician's promise.
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  • Posted by fivedollargold 4 years, 8 months ago
    TAN is an ETF of solar stocks. Silicon Valley corporations such as Google, Apple, and Fakebook,should also benefit. Big banks will get their payoff from a Biden administration. (They can afford the regulatory burden.) Fivedollargold will avoid small banks utilities, and, of course, oil & gas companies. He prefers BAR over GLD for gold due to lower expense ratio.
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  • Posted by Owlsrayne 4 years, 8 months ago
    From my experience electric cars are still not viable because the battery technology lags behind. China might have the lead since they have put more resources into carbon composite batteries. But I will never purchase another electric car. The election has thrown the Dems Green New Deal into chaos. The Republicans gaining seats in the House and maintaining their slight lead in the Senate will stall the Dems plans. If Puppet Joe becomes President, Kamala will have to operate in secret which could cause either turmoil in the markets or the the markets will ignore the change. The only situation is a change in the Fed chairmanship could effect the markets.I not going to purchase anymore stocks but continue to buy silver coins since gold is out of my reach.
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  • Posted by term2 4 years, 8 months ago in reply to this comment.
    So make money only to have more than half taken away from you. Would be much better to make close to zero money and somehow live off of what was taxed already. The Atlas Shrugged scenario.
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  • Posted by DrZarkov99 4 years, 8 months ago
    I increased my gold ETF holdings. I figured no matter who wins, the rate of money printing is going to drive the price of gold up quite a bit.
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  • Posted by DrZarkov99 4 years, 8 months ago in reply to this comment.
    Daniel Defense, in South Carolina, is a good bet. Although they're known for Rolls Royce quality AR type firearms, they have solid law enforcement and military contracts that will survive any assault weapons ban attempts, plus they introduced a line of bolt action firearms.
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  • Posted by 4 years, 8 months ago in reply to this comment.
    So learn to make money in volatile and down markets. Long straddles and long putts. GLD, high-yield bonds, etc. It makes it tougher, no doubt, to have a leader that promises higher taxes and regulations.
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  • Posted by Orwellian 4 years, 8 months ago
    Watch for the step up on death tax law to be changed. it's in their tax proposals. After all it's not your money and you didn't build it.
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  • Posted by term2 4 years, 8 months ago in reply to this comment.
    I think the recovery from the pandemic is due to Trumps reduction in regulations, plus the huge injections of cash by the federal reserve. There is no free lunch, and the dumping of cash into the aconomy from the Fed cant go on indefinitely, and when it stops, the market will crash big time. Remember that the market goes down 3x fastere than it goes up. All of trumps gains can be lost in a few months under a Kamala/Biden administration..
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  • Posted by term2 4 years, 8 months ago in reply to this comment.
    The real problem for seniors is how to keep what they saved up from being taken. This is a BIG problem.
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  • Posted by term2 4 years, 8 months ago
    I will do NO investing in the future of USA under Kamala/Biden. It will be up/down volatility, as well as general down due to adding regulations and subtracting all of Trumps regulation cuts.
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  • Posted by GaryL 4 years, 8 months ago
    Good luck in the markets and I hope we all make a great profit. The trick will be in knowing when to hold and when to fold. Cash might become the new king when all the bills from all the Free Shit start coming after those who work and have invested for their future. Governments have no money they did not rob from someone who worked hard and earned it.
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  • Posted by Ben_C 4 years, 8 months ago in reply to this comment.
    Yep. Just picked up a Beretta TomCat 32 ACP to go along with my Glock 10mm, Ruger and Sig 380's
    The Beretta is a nice carry gun. They stopped production in 2013 but found a new one in Boulder Colorado (of all places).. Bring it on- I am ready.
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  • Posted by Commander 4 years, 8 months ago in reply to this comment.
    And I was thinking shoe repair with liberal skins. Two problems
    Skin too thin
    Not enough brains to tan the hide.
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  • Posted by BCRinFremont 4 years, 8 months ago
    I've noticed the significant uptick in my investments, too. Is it just the uncertainty being resolved, or is something more sinister going on?

    The only place to get the trillions of $ to fund the upcoming budgets is to take it from the people who have it. Maybe we are modern day Hansels and Gretals, being fattened up for a soon to come capital gains visit to the old witch"s oven? Not to mention the 401(k)/IRA that is just not fair...We, as the government will take those savings and divvy them up in a more fair manner.....
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  • Posted by 4 years, 8 months ago
    Aaaaaand....my stock holding are up 10% today. This kind of thing is starting to happen more and more for me lately. I'm pinching myself and knocking on wood. But....I've been offered a job as a equities portfolio analyst back in the firm I did a stint in years ago. I figure the markets close at 1:30 our time...plenty of time to get on the golf course....
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  • Posted by bkeiber 4 years, 8 months ago
    Ali "BABA" will be a good investment also (although expensive) The yuan has been steadily rising in value since the Trump-drop on Tuesday night. The "progressives" are filled with hubris now that easily manipulated Joe Dufus is in. Presidential news conferences in front of reporters asking questions will become a thing of the past now.
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  • Posted by freedomforall 4 years, 8 months ago
    Ruger Firearms
    Taurus Firearms
    FN Firearms
    Heckler & Koch

    Almost all US firearms companies are in socialist states and I will never support them again.
    The kids can learn to repair their shoes with the skins of whitetail deer.
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