General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsShould we take advantage of tRumps market games?
This is flat out crooked. He tweets and Boeing tanks. He makes some bullshit appearance with a Japanese guy and Boom! Stock prices in his business jump.
His moves are as obvious as they are illegal.
What to do?
At 61, if they kill SS, I'm dead.
elleng
(141,926 posts)sarcasmo
(23,968 posts)We're all screwed if they kill Social Security.
calguy
(6,154 posts)I'm a daytrader. I trade during the day before going to my job from 3-11 pm.
I'm planning to retire at some point this year. After the market tanked big time at the start of this year and recovered, I withdrew half the money from my 401K and rolled it over to some income funds that return 11% reliably.
Since the market has been hitting new highs since the election, the remaining 401K funds are up while the price of my income funds has fallen about 8% even though the monthly payouts hasn't changed. So now those same funds are returning just under 13%.
I'll be withdrawing the rest of my 401K funds this week and rolling them over into my income funds. I don't want to be long in the market when the Fed raises interest rates later this month. I especially don't want to risk my retirement savings in an overbought market when the country figures out Trump has scammed them. .
I've been wrong many times before but I'm not taking any chances of a market collapse the first time Trump causes a major crisis of some kind. I'm locking in my retirement money right now and can short sell the market in the event of a falling market.
I'm definitely NOT qualified to give market advice.
Just giving my two cents worth of opinions.
Response to SCVDem (Original post)
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