Galt's Gulch

Investing Under Joe

Posted by $ Abaco 2 weeks, 5 days 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 freedomforall 2 weeks, 5 days 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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    • Posted by DrZarkov99 2 weeks, 4 days ago
      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 $ Ben_C 2 weeks, 4 days ago
      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 Owlsrayne 2 weeks, 3 days 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 mccannon01 2 weeks, 2 days ago
      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 GaryL 2 weeks, 4 days 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 BCRinFremont 2 weeks, 4 days 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 term2 2 weeks, 4 days ago
      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 bkeiber 2 weeks, 5 days 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 mspalding 2 weeks, 2 days 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 mccannon01 2 weeks, 2 days ago
      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 fivedollargold 2 weeks, 3 days 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 term2 2 weeks, 4 days 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 $ Abaco 2 weeks, 4 days ago
      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 term2 2 weeks, 3 days ago
        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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