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With political leadership in our country expected to be more socialistic, is it time to get out of the stock market?

I'm about to turn 59 and expect to work several more years.
 
Posts: 97 | Location: Alabama  | Registered: December 27, 2014Reply With QuoteReport This Post
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and go where?


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Posts: 4870 | Location: Sunnyside of Louisville | Registered: July 04, 2007Reply With QuoteReport This Post
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Nah, just expect to see the stock numbers with a high of 18,000 ( Obama highs ) as opposed to 30,000 Frown


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Posts: 904 | Location: Connecticut | Registered: January 10, 2012Reply With QuoteReport This Post
Just because you can,
doesn't mean you should
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At the very least, I'd diversify. Where is the question.
Real estate? another hyper inflated commodity. Metals, roll the dice.
Another important consideration is your age. Do you have 5 years or 30 to recover from a less than optimal decision?


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Posts: 9981 | Location: NE GA | Registered: August 22, 2002Reply With QuoteReport This Post
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The stock market will be fine. They’ve been planning for a Biden victory and the Dems getting both houses for a year now. One truth is that business will find a way to make money, no matter who’s in Washington.

In fact, with a 50-50 split in the Senate, it will be much harder to get any of the more socialist stuff through. All it takes is one holdout. I’m not too worried.
 
Posts: 3465 | Location: South FL | Registered: February 09, 2007Reply With QuoteReport This Post
Alienator
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Are you talking about single stocks or mutual funds?


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Posts: 7202 | Location: NC | Registered: March 16, 2012Reply With QuoteReport This Post
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VP will be the tie-breaker, so in reality there is no 50-50 tie in the Senate.

quote:
Originally posted by Dwill104:
The stock market will be fine. They’ve been planning for a Biden victory and the Dems getting both houses for a year now. One truth is that business will find a way to make money, no matter who’s in Washington.

In fact, with a 50-50 split in the Senate, it will be much harder to get any of the more socialist stuff through. All it takes is one holdout. I’m not too worried.




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Posts: 4406 | Location: Valley, Oregon | Registered: June 03, 2010Reply With QuoteReport This Post
Be not wise in
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Last year I started to sell off stocks with a low cost basis.
Capital gain tax is likely to increase substantially under a Democrat/Socialist regimen.

This year I will sell off more to pay taxes now rather than under the higher tax rate I expect to see.

I plan on staying heavily invested to keep up with inflation.
Having money sitting on the sideline will loose value quickly.

Curious to see how others think.
This is a good topic.



“We’re in a situation where we have put together, and you guys did it for our administration…President Obama’s administration before this. We have put together, I think, the most extensive and inclusive voter fraud organization in the history of American politics,”
Pres. Select, Joe Biden

“Let’s go, Brandon” Kelli Stavast, 2 Oct. 2021
 
Posts: 5294 | Location: USA | Registered: December 05, 2004Reply With QuoteReport This Post
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quote:
Originally posted by lkdr1989:
VP will be the tie-breaker, so in reality there is no 50-50 tie in the Senate.



Actually there is. You need all 50 Dems to get to the tie-breaker. If you only get 49 Dems, it doesn’t get to the VP to break the tie because then it’s 49-51.
 
Posts: 3465 | Location: South FL | Registered: February 09, 2007Reply With QuoteReport This Post
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Mutual funds. A lot of my IRA $ is in S&P 500 index fund.

quote:
Originally posted by SIG4EVA:
Are you talking about single stocks or mutual funds?
 
Posts: 97 | Location: Alabama  | Registered: December 27, 2014Reply With QuoteReport This Post
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I have a rather uneasy feeling about the next eleven days...


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Posts: 9646 | Location: New Hampshire | Registered: October 29, 2011Reply With QuoteReport This Post
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Following... I've been loosing sleep over this and wondering if I should be moving some of my retirement funds into less risky funds.
 
Posts: 6520 | Location: Modesto, CA | Registered: January 27, 2005Reply With QuoteReport This Post
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I’ve had a rather uneasy feeling since before the election.

Started from a 80/20 stock to bond ratio and have been moving toward a 60/40.

Sitting at 6-8 years from retirement.



“We’re in a situation where we have put together, and you guys did it for our administration…President Obama’s administration before this. We have put together, I think, the most extensive and inclusive voter fraud organization in the history of American politics,”
Pres. Select, Joe Biden

“Let’s go, Brandon” Kelli Stavast, 2 Oct. 2021
 
Posts: 5294 | Location: USA | Registered: December 05, 2004Reply With QuoteReport This Post
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quote:
Originally posted by Dwill104:
quote:
Originally posted by lkdr1989:
VP will be the tie-breaker, so in reality there is no 50-50 tie in the Senate.



Actually there is. You need all 50 Dems to get to the tie-breaker. If you only get 49 Dems, it doesn’t get to the VP to break the tie because then it’s 49-51.


I think you are wasting your breath. People want gloom and doom. Don’t bring facts into it.




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Posts: 37293 | Location: Logical | Registered: September 12, 2004Reply With QuoteReport This Post
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I am not as concerned with the financial side of this political change.

More concerned with the infringements to come on individual freedoms and gun control.

Financially I wouldn’t see it necessary to make changes to your current plan.
Each year we look at where we are at with a financial adviser, make a plan and stick to it for the year.
This has been working good for us.



“We’re in a situation where we have put together, and you guys did it for our administration…President Obama’s administration before this. We have put together, I think, the most extensive and inclusive voter fraud organization in the history of American politics,”
Pres. Select, Joe Biden

“Let’s go, Brandon” Kelli Stavast, 2 Oct. 2021
 
Posts: 5294 | Location: USA | Registered: December 05, 2004Reply With QuoteReport This Post
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quote:
Originally posted by jljones:
I think you are wasting your breath. People want gloom and doom. Don’t bring facts into it.


I, for one, am glad for the anti-doom. I get enough of that in my own head that it is nice to seem some encouraging words from those with a more sophisticated understanding than myself.

Carry on! Wink
 
Posts: 6520 | Location: Modesto, CA | Registered: January 27, 2005Reply With QuoteReport This Post
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Transcript of Rush's Jan 7 show, discussing Jim Cramer's Jan. 6 views on how the poor, middle, and upper income will fare. It's not about the stock market. I don't know where Rush got this from. It's not a video of Cramer.

https://www.rushlimbaugh.com/d...ol-the-stock-market/

This message has been edited. Last edited by: mikeyspizza,
 
Posts: 4089 | Location: North Carolina | Registered: August 16, 2003Reply With QuoteReport This Post
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Timing the market is impossible. It is a nice fantasy.
 
Posts: 17698 | Location: Stuck at home | Registered: January 02, 2015Reply With QuoteReport This Post
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quote:
Originally posted by Dwill104:
quote:
Originally posted by lkdr1989:
VP will be the tie-breaker, so in reality there is no 50-50 tie in the Senate.



Actually there is. You need all 50 Dems to get to the tie-breaker. If you only get 49 Dems, it doesn’t get to the VP to break the tie because then it’s 49-51.


Those things go both ways. You need one Republican to flip on a vote and it's 51-49 that way.
 
Posts: 5253 | Location: Iowa | Registered: February 24, 2011Reply With QuoteReport This Post
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quote:
Originally posted by mikeyspizza:
Per Rush, here's Jim Cramer's big picture take on it (for what it's worth), as of Jan 6. I don't know where Rush got this from. This is in Rush's words from his radio show, not a video of Cramer.



I don't put much credibility in Cramer, but even a stopped clock is right twice a day.

The market has surged since Biden "won".

Just look at who supported Biden. Zuckerberg, Bezos and the other billionaires. Biden is not going to do anything they don't want done. So the S&P stocks will mostly do fine. The face mask lock-downs will continue to destroy small business and increase unemployment. Income inequality will rise hugely, just the way the Dems like it.

Since the election, I have cut back on my stock allocation, to just under 50% from 75% in September. Everything I sold has gone up. But at age 69, the market is looking a little frothy to me. If your time horizon is longer, you might be better off with a higher stock allocation.

Bought a small position in some Gold ETFs since the election, had none before. Did not buy Bit Coin. Or Tesla. Darn it.

The balance is in money market funds which yield nothing, or 1 year CDs at 1%.

I don't like 10 year (or longer) Treasuries, which are around 1% now. If rates increase to 2% next year, you will lose 9% of the bonds' value if you sell them then. The odds of rates going up seem very high, in my opinion.

Biden, Pelosi and Schumer will be printing money and stimulating the economy to beat the band in the first quarter of 2021. Some of the money will end up in the market.

No, it is not time to get out of stocks. Probably...


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Posts: 2183 | Location: East Virginia | Registered: October 12, 2009Reply With QuoteReport This Post
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