I'm Looking For Some Financial Strategies To Protect My Retirement Funds Before Tr**p Takes Office.....

[global1]

What are the financial guys saying about Tr**p proofing your retirement money?

I was looking forward to a Harris win. Tr**p winning took me by surprise as I couldn't believe that the American Electorate would be that stupid to re-elect this guy.

I thought I could experience a sigh of relief that Tr**p wouldn't be around to loot the American treasury as well as my money.

So if anyone has talked to their financial guys/gals and have come away with some good financial advice for the next four years - I'd like to hear it.

If some of you already have taken measures to protect your money - can you pass along some of your strategies. Thanks in advance!!!

[liberal N proud]

1. I have not heard a thing

Met with our advisor before the election and he didn’t seem concerned. But then maybe that’s concerning in itself.

I am 65 and scared!

[global1]

4. The Guy I Talked To Didn't Seem Much Concerned Either....

I said that's because Biden is still our President.

I said to him all bets were off when Tr**p takes office. He still didn't seem all that concerned. I said to him - you're 64 y/o. I'm 76. I believe it is more critical for me to protect my funds. At 64 y/o - you will have more time to recover if our economy tanks.

I couldn't tell if he was a Tr**per or he's just being conservative.

Up until this time - I've had a lot of confidence in him. His attitude this time made me worry. That's why I'm here asking this question.

I'd like to trust him - but Tr**p is unlike anyone else that has ever held the office of president.

[Mike 03]

13. Not giving financial advice, just making an observation

It seems to me like a good financial advisor would take a risk-averse approach with a person in your position, positioning you more in fixed income instruments (i.e., bonds) and lightening up on equities. It's also never a bad thing to raise cash, at least in the short term, if you are worried about a crash in equities.

Maybe cross-post this in the Finance and Investing forum too?

[Susan Calvin]

26. That's where I already was, being extremely risk averse in any circumstances

I don't know whether to expect hyperinflation or another Great Depression. Right now it's kind of looking like hyperinflation followed by a crash, but what do I know? Very little.

[rainin]

2. I'd also like some advice. I protected my retirement in 2008 because I pulled everything out of the stock market before

it crashed. This scenario seems so much more volatile and uncertain. I don't know where to put it to keep it safe. I don't know if I should hold on to my house or move up our sell date and liquidate in case housing prices are going to fall. I'd love to sell high if I can. I don't know where to turn for sound advice

[Trust_Reality]

9. Congratulations on your 2008 move!

You bucked the common wisdom which is to ride it out, perhaps making a few modest changes to your portfolio. You made a very decisive move. Glad it worked, timing, etc.

I am definitely not a financial advisor, just a fairly well read citizen of advanced age, and therefore, experience.

I suggest minimizing debt.
Keep your car(s) in good condition.
If you own a house, keep it in good condition.
Eat wisely, keep you body in good condition.
Don't waste money on foolish things like alcohol and fireworks.
Save regularly even if it is a tiny amount per month.
Keep calm and try to function wisely.

[Sympthsical]

3. My current strategy

https://www.tiktok.com/@gremlns/video/7299724894743448875

[MichMan]

5. Take it all out and bury in your backyard in a coffee can

I thought everyone got out of investments in 2017 anyway, or that's at least what people said they were going to do. This is the last place I would take investment advice from.

I'm doing the same thing with mine I did in 2009, 2017, and 2020. Just leaving it alone

[global1]

19. I Did The Same As You Did In 2009, 2017, 2020 - But Somehow This Time It Seems Different.....

I did so because we still were the same USA through that time period.

Now we seem to be creeping away from a Democracy. We have a regime in the WH that seems intent on destroying all that so many worked so hard to achieve.

Maybe if I was younger now - I would just leave things alone this time as well.

However, I just don't trust this situation now. I sure as hell don't trust Tr**p.

[Scrivener7]

22. I'm retired. I need my savings. I can do with a few years of small interest increases, but I can't

do with losing it.

I had most in the S&P. I took a lot out and put it into CDs. Much lower interest, but I can sleep at night. There's still some in the S&P, but not a lot.

I'm considering getting some Canadian CDs, just in case things go really wrong.

[cachukis]

6. I am mostly cash. Have some bonds, some stocks.

Some real estate.
Drawing down IRA.
We still have FDIC.

[Arazi]

8. The Heritage Foundation wrote the banking segment of P2025

They proposed eliminating the FDIC insurance program entirely in 2017.

In Project 2025 they didn’t explicitly call for the elimination of the FDIC (which would have caused a massive reaction) but stated that they believe all banking regulations should be eliminated and allow “market discipline” to “protect” banking customers.

I wouldn’t bank on the FDIC being in place much longer

[Mike 03]

14. This is extremely terrifying

I've heard this too. Part of he cannot believe that is even being discussed "hypothetically."

When I tried to tell a family member about this, it's almost like she couldn't even take it in. I don't think it made it from her ears to her brain.

[cachukis]

17. If they cancel that, the run on banks will destroy

the economy of the planet.

[cachukis]

16. Then it's the mattress.

[Scrivener7]

23. For the moment.

[lastlib]

32. The coming inflation wave may eat deeply into your cash stash.....

I would look at some short- to mid-term fixed income--seems to me to be the best bet for price stability and income. I'd even consider mixing in some high-quality foreign bonds, in case the US debt market goes bad.

[cachukis]

34. Sounds like a good idea.

[Silent Type]

7. If trump tanks economy, the wealthy will hurt too. For that reason alone, I think they will reign trump in

if he gets to nutz. But who knows.

[Mike 03]

15. You'd think.

But there are people who know how to make a lot of money in a downturn, shorting stocks or betting huge sums on weird things like minute changes in currency valuations. I don't know if it's true, but I heard that Warren Buffet recently sold a lot of stock to raise cash.

[global1]

20. The Wealthy Are In A Position To Ride Out The Roughest Of Financial Sitiuations....

Especially the wealthy of today. They have a big cushion that they can fall back on.

They can also benefit of cherry picking at all the foreclosures and defaults we commoners will encounter. They can ride out many a storm.

I don't see the billionaires jumping from buildings as many in the financial markets did back during the depression.

I heard something the other day - that in our lifetimes - when a Repug was president - we always suffered a recession. It was the Dems that dragged us out of the recession and got us back to a more even keel.

The Biden Administration prevented a recession. Things seemed to be going in the right direction. I was so hopeful Harris would win and I could find some relief from all the worry.

I fear Tr**p and Company are going to loot our treasury. All signs - if Tr**p does what he told us he'd do - puts him on that trajectory. Project 2025 and the Heritage Foundation scare the hell out of me.

[Silent Type]

21. What good would riding it out do, if on the other side several hundred million citizens don't have money to

buy the crap the wealthy make. They aren't going to make enough money trading among themselves.

I was hopeful Harris would win too, but she did not.

[haele]

28. The Wealthy don't worry about poor Americans not buying their products.

They've gotten to the point where their particular profit machines are uncoupled from the Main Street economy.
They won't feel a pinch until the US Treasury is empty.
By that time, they think they'll be able to move on to some other developed country and be in the process of sucking their resources.
This current crop thinks that once they're ded, it won't really matter. It's all about fictitious bootstraps in their minds. Their nepo grandkids will supposedly be able to figure it all out after they're gone, because of smart genes, or something.

The wealthy really think they're above it all.

Haele

[Susan Calvin]

29. I guess they wouldn't like hyperinflation any more than anyone else would,

But if there were a crash they would just scoop up assets like they did in 2007.

[sinkingfeeling]

10. I spoke with my advisor (very in line with my politics) about 3 weeks ago. Asked him to move about

$500K into a money market account by January for quick, ease access. Told him I would be leaving the country as soon as I can dispose of my house, cars, and furnishings and that we would have to discuss further whether to keep things in US or not.

[phylny]

11. Where are you planning to go?

Good luck!

[sinkingfeeling]

12. It's up for debate between two very different countries. I'm still weighing the pros and cons of each. One

I know well, but I haven't ever been to the other. I was forced to send off my passport for renewal, so still have a few weeks before I can travel to visit choice #2.

[Scrivener7]

25. Keep us posted.

[Fiendish Thingy]

18. Spoke to my guy shortly after the election

He said folks are expecting the economy to continue to run hot for awhile longer, even if tariffs are implemented in January.

He doesn’t expect any major correction until mid 2025. This record breaking Bidenomics economy will be due for a 10-15% correction, even if Harris had been elected.

Of course, with a Trump administration, expect the unexpected, but timing the market is a fool’s errand.

It’s best to have a balanced, diversified portfolio. Our advisor has guided us through the crashes of 1987, 2001, 2008, and COVID, and each time, our portfolio bounced back quicker than the market, and went on to make impressive gains in the long run.

We never did anything drastic like move all our holdings to cash, or anything like that.

[keithbvadu2]

24. Investing gf's money into Trump businesses

Investing gf's money into Trump businesses.
Will be sending this to girlfriend's family. She is getting vascular dementia so I handle her bills and such. Her daughter is not happy that I have access to much of her money.
Her entire family is solid Trumpers.
.
_______'s investments are not doing that well. I'm going to have her cash out all of her stocks, money market accounts, and other investments. Her house has a huge amount of equity for a home loan.
Put the money into a sure thing, a golden opportunity, all from a known, successful businessman, Donald J Trump.
It is wise to diversify, so half will go to his stock, DJT, and half to his crypto currency. The stock is down slightly so it is a good opportunity before he brings it back up with his business acumen.
His crypto currency will be partially managed/advised by his three capable sons... Looking forward to great returns from a brilliant businessman with no risk of downside.
It's no wonder people have such great faith in him.

==============================================

Her brother believed it. Her daughter called me just before midnight. She was so worried it might be true.
Daughter so Trumpian that she would not acknowledge Trump's dishonesty.
Said Trump is a millionaire and does not need Mom's money.

Yeah..... "millionaire".

[anciano]

27. I don't give advice to anyone about anything...

but I will share my personal preference. I always invest in whatever will give me a peaceful night's sleep.
Good luck and best wishes.

[Bluethroughu]

30. Break it up and put them in CDs

[Turbineguy]

31. I think the republicans will dump trump as quick as they can.

His voters want an idiot for president, but the Big Money does not.

[bif]

33. Here's what I'm planning on doing.

I just turned 70 and I have a fair amount of money. 2/3 of it is in Vanguard Mutual Funds and 1/3 is in stocks. I'm planning on hanging in there for at least 6 months. If it starts looking bad, I'll probably put 1/3 to 1/2 in Money Market Funds. They're paying around 4.5% in interest. I think the economy will be okay for a while, thanks to President Biden.