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Yavin4

(36,694 posts)

7. I got blasted when I posted this earlier this week, but here it goes.

Reply to Jmb 4 Harris-Walz (Original post)

Sat Nov 9, 2024, 12:01 PM

Nov 9

I sold practically all of my investments, and I am now holding 99% cash. Why? There have always been a massive stock market crash under Republican presidents dating back to Reagan, and this one will be no different. In fact, it will probably be worse. There are so many ways that Trump can fuck things up that there's no way that I can feel safe in the markets. If I'm wrong, then fine. I can deal with being wrong.

If your savings is all in cash, you should be okay, but who knows with this clown show running things.

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Hugin MayReasonRule

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So right now the stock market is going crazy. How long is it anticipated to last before the bottom drops out? [View all] Jmb 4 Harris-Walz Nov 9 OP

Here's some advice Prairie Gates Nov 9 #1

Oh trust me I know. But it doesn't hurt to get some info before seeing my financial advisor. I'd never take any Jmb 4 Harris-Walz Nov 9 #10

Good Lord Prairie Gates Nov 9 #12

What did I say to get that reaction? Puzzled 🤔 Jmb 4 Harris-Walz Nov 9 #17

Depends on how "professional" your professional is. DFW Nov 9 #20

Hope you're no longer with that agent at Morgan Stanley! Jmb 4 Harris-Walz Nov 9 #24

I put them in deep freeze DFW Nov 9 #29

Right now the market is going crazy over deregulation gab13by13 Nov 9 #2

Bill Clinton predicted recently the next President would be gifted with an economic boom andym Nov 9 #3

It all depends on what he will actually do, and if he goes through with what JohnSJ Nov 9 #4

If anyone knew the answer to that question they would be the richest person in the world overnight. Groundhawg Nov 9 #5

Dunno, retired Fed here too, but my TSP's been absorbed long time ago, relying on pensions (and Soc Sec.) elleng Nov 9 #6

I got blasted when I posted this earlier this week, but here it goes. Yavin4 Nov 9 #7

Can't cash out 401K until retirement. n/t CousinIT Nov 9 #8

But you can move the money into safer investments. Jmb 4 Harris-Walz Nov 9 #14

I'm not saying cash out. Yavin4 Nov 9 #15

Berkshire Hathaway agrees IA8IT Nov 9 #13

A friend of mine in Dallas would agree with you. DFW Nov 9 #26

Market timing is folly Fiendish Thingy Nov 9 #16

That is all correct. Folks who indulge in market timing are much more dependent on Disaffected Nov 9 #21

Diversify if you can DFW Nov 9 #27

Agreed and to add... WarGamer Nov 9 #23

Stay diversified Fiendish Thingy Nov 9 #9

I agree. n/t Hugin Nov 9 #18

To be honest... Hugin Nov 9 #11

If the crypto bros win, everyone who doesn't hold crypto loses. Yavin4 Nov 9 #19

You can even buy and pay with crypto on PayPal now womanofthehills Nov 9 #25

Jeez. Can he actually do that? Gonna check that out Joinfortmill Nov 9 #30

No. He cannot alone. Yavin4 Nov 9 #31

Recessions are cyclical... WarGamer Nov 9 #22

I moved 20% into cash/money market funds this morning Joinfortmill Nov 9 #28