Stock Market/Investing/Fin Planning Catch-All

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One theory goes that uber wealthy people have more opportunities to buy cheap assets during a recession

Rich people generally don’t use their money to buy big assets. They park their money somewhere to invest it and that financial institution gives them a separate line of credit for very very cheap.
 
I posted last week the possibility that slowing down the economy is part of a grand plan - but considering the WH's flat footed responses today and over the weekend regarding the market drop I am pretty sure they don't have any real plan. It's all reactionary with reactions based on the intuition of a life long serial bankrupter. They don't really know what they are doing. And no one in the WH seems to understand even basic macro economics.
 
Carolyn225 said:
It seems to me Trump is intentionally destabilizing the markets. The question is why?
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A few weeks ago, I thought his plan was to create a national emergency to grab more power. and corrupt the coming mid term elections.

But if he's actually trying to create an economic emergency, then that may actually work against him. Wall Street won't stand behind him. And the public won't stand for a corrupt election.............I hope.
 
Trump got elected to avoid prison. He has no plan and neither does his administration. It’s a collection of misfits.

Unfortunately things need to be completely broken before we can truly rebuild. The mystique of “GOP good, Democrats bad” has been engrained in the conservative psyche for so long that unmitigated disaster might be the only way to mentally decouple people from this ideology.

Germany was entranced by Nazi’s until their country was in ruin. It might take that level of destruction with the modern American conservative.
 
Depending on what you own, I would think you’re either holding until 2-3-4-5 years from now or you’re selling because you can’t afford to hold that long.
 
Rock said:
Depending on what you own, I would think you’re either holding until 2-3-4-5 years from now or you’re selling because you can’t afford to hold that long.
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The problem with holding for the next 4 years ( which is usually a good plan ) is that Trump will be president for the next 4 years.

I'm an old codger and have hunkered down to weather the storm with 50% in cash and 50% in dividend paying "widow and orphan" stocks.

Two weeks ago I moved 75% of my 17yo grandson's 529 plan into cash.

My 14yo granddaughter's 529 plan is still 100% in a total stock market index fund. I thought with her 5 year college horizon she could weather and recover from the upcoming Trump recession, but now I'm having 2nd thoughts:cautious:
 
I’m just having to continuously remind myself that this is a great buying opportunity for someone like me with a very long investing time horizon. That’s about the only thing keeping me from wanting to kick the asses of every single Trump supporter I know- completely figuratively and not at all literally, of course, because I am a nonviolent person by nature anyway and because this esteemed board community does not believe in, nor do we advocate, for violence of any kind.

In all seriousness, this is all such an unconscionable economic own-goal of unimaginable proportions, it completely defies all logic and reason.
 
CFordUNC said:
I’m just having to continuously remind myself that this is a great buying opportunity for someone like me with a very long investing time horizon. That’s about the only thing keeping me from wanting to kick the asses of every single Trump supporter I know- completely figuratively and not at all literally, of course, because I am a nonviolent person by nature anyway and because this esteemed board community does not believe in, nor do we advocate, for violence of any kind.

In all seriousness, this is all such an unconscionable economic own-goal of unimaginable proportions, it completely defies all logic and reason.
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Great buying opportunity or falling knife? You be the judge
 
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