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Financial adjustments in case of Biden win
Posted on 10/11/20 at 6:32 pm
Posted on 10/11/20 at 6:32 pm
Anybody making changes in their 401K positions?
I'm thinking less stocks, more bonds.
Or maybe convert to all cash and bury it in the wife's vegetable garden!
Any thoughts?
I'm thinking less stocks, more bonds.
Or maybe convert to all cash and bury it in the wife's vegetable garden!
Any thoughts?
19
Posted on 10/11/20 at 6:33 pm to jimmarley
Ammo
Posted on 10/11/20 at 6:35 pm to jimmarley
quote:
Anybody making changes in their 401K positions?
Absolutely. I work for a company that provides H2 to refineries. Oil and gas will take a hit. I'll move it from company stock to some lower risk option.
Posted on 10/11/20 at 7:08 pm to jimmarley
One of our investment options in our 401(k) is essentially a CD that earns about 1 to 2% a year. About a week out from the election, I am going to put everything into that account investment. Then, I’ll just wait and see what happens with the election.
Posted on 10/11/20 at 7:14 pm to jimmarley
I’ve been rebalancing to more cash....I’ll probably take my mix down to 30-40% equities and the rest into cash and possibly some short term bonds.
Posted on 10/11/20 at 7:14 pm to jimmarley
Short the dollar
Posted on 10/11/20 at 7:16 pm to keks tadpole
quote:
Short the dollar
Might as well load up on gold and silver too.
Posted on 10/11/20 at 7:17 pm to jimmarley
Fed will continue to be in a buying mood so your 401K will be puffed up
Posted on 10/11/20 at 7:20 pm to jimmarley
Soon as the market got back to 28,000 I moved everything to the money market until the election is over.
Posted on 10/11/20 at 7:20 pm to DemGaters
If you can find it!!!!
Posted on 10/11/20 at 7:21 pm to jimmarley
Bail from Wall Street as soon as you know as Biden is in.....wait for the bottom and reinvest and make a fortune.
Most good financial advisors can tell you when the bottom is near....good luck, I am dumping if he wins.
Most good financial advisors can tell you when the bottom is near....good luck, I am dumping if he wins.
Posted on 10/11/20 at 7:22 pm to jimmarley
I hear corps that supply infrastructure material (concrete, asphalt, etc.) will be good regardless of the outcome. Both candidates have called for vast improvements.
Posted on 10/11/20 at 7:24 pm to coachcrisp
Precious metals.... brass, lead, and copper.
Posted on 10/11/20 at 7:26 pm to keks tadpole
quote:
Short the dollar
I've considered this, but essentially you'd only be ending up with something that has decreased in value. And could be much worse if it truly tanks because the Chinese sell their USD reserves or the USD is replaced by the Yuan or basket of currencies. Can you explain why shorting would still be a prudent move?
Posted on 10/11/20 at 7:28 pm to jimmarley
A Biden admin is going to spend and print like never before. I expect gold and bitcoin (and probably silver) to perform exceptionally well
Posted on 10/11/20 at 7:28 pm to jimmarley
He's not going to win
Posted on 10/11/20 at 7:30 pm to jimmarley
I’m thinking about dumping some healthcare insurance stocks.
Posted on 10/11/20 at 7:32 pm to boomtown143
No - Harris already won. The ballots are already in and so is Joe's resignation letter.
Posted on 10/11/20 at 7:39 pm to jimmarley
Haliburton, Raytheon, McDonnell Douglas, Goldman Sachs, Chase, Citigroup.
(I won't buy those as a matter of principle but Creepy Joe is a great friend of Wall Street and the MIC.)
(I won't buy those as a matter of principle but Creepy Joe is a great friend of Wall Street and the MIC.)
Posted on 10/11/20 at 7:43 pm to DemGaters
I've already made some cash conversions to 9mm, .3006 and 30-30.
This post was edited on 10/11/20 at 7:44 pm
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