Is anyone making money moves in light of what is to come in the USA?
I saw that Warren Buffet has liquidated shit tons of stock and Project 2025 talks about merging the FDIC with other agencies and reducing its powers. Apparently the Heritage Foundation recommended getting rid of FDIC insurance in its plans several years ago.
So … Idk, I have a good amount of stock in taxable and non-taxable accounts, as well as cash in FDIC-insured accounts. I wonder if now is the time to sell stock, but I don’t know what else to put money into, especially if bank accounts may no longer be protected.
We’re close to needing a new water heater, so we’re going to go ahead and buy it before the tariffs hit. Thought about a truck for his business, but not sure we’re ready to move ahead with that.
Had not thought about the FDIC. I’m sure there are many other things.
I mean… I don’t feel like I have a lot of options? I’m not willing to hide all my cash under my mattress and I can’t legally open bank accounts in any other country so…stocks or bank accounts?
So my stock/bond ratio has been a fair bit outside the recommended range of keeping 30-70% in bonds (Trinity study) due to the growth in the stock market so I filed an order to correct that yesterday.
I am wondering about foreign bonds, but I suspect that if the US economy tumbles it will take the world economy with it as it did in 2008, so I’m not sure that would make a difference.
I actually looked up what it takes to amend the Constitution before I said that. They don’t have the votes for that in the Congress or in the states. Also he’s too old and too sick for that.
it’s a good question, we were already pulling down on Canadian equities for the home renovation because it was the most tax efficient space to play with. and we’d been considering rebalancing out bond allocation.
one might expect that Canada will be hit hard by increased US protectionism. increasing instability might mean that offshoring some assets to NZ would make sense, but then so much currency risk. And really, NZ is only good because it’s far away, it will be buffeted by the same winds.
which means I’m not doing anything for the meantime.
i’m pretty sure he’s gonna step doen in exchange for a full pardon. or they will 25th amendment him. either way i think we will have president vance within a year.
This is actually one of the things I’m worried about. Trump is bad, no argument there, but (rampant speculation to follow) I also think that Trump cares about Trump which means things that don’t directly affect him are likely to get ignored (at least by him–Congress is a different issue) unless and until someone in his party manages to force/bribe him to pay attention. I’m not an economist but given everything he’s been saying about immigration and tariffs I suspect he’s about to make a short-term (relatively speaking) mess of a lot of things and fail to make any long-term issues like climate change better, but I think Vance would be the far more damaging of the two if he got into power. Particularly with regards to social issues.
Money-wise I’m not changing much specifically related to the election, at least not right now. I’ve upped my cash-in-savings, but that’s been because of instability at work, and I don’t plan on moving it back into investments until that calms down a little. And while I am looking at investments just because I usually rebalance in July and December and the latter is coming up fast, the only thing I’m currently considering doing is evening up portfolio (I aim for 80/20 stocks/bonds but if it gets a couple percent off one way or the other I don’t worry until rebalance time) by selling off a couple bond funds that haven’t been performing particularly well to balance out some gains elsewhere and moving all of that to individual bonds. I’d probably be looking at the same thing even if the election had gone the other way.
I am less worried about investing issues because Republicans rarely do things that are bad for rich people. Basically, I am saving my worry for issues that don’t have rich powerful interests behind them.
the financial crises of 2007-8 and 1929 would indicate otherwise. they get too high and do crazy shit like massive deregulation and it ends up crashing the economy. i’m pretty sure their goal is to strip the country’s resources down for parts and i feel like that could easily include the resources of people who have wealth but are not billionaires.
but you are right, there are a lot of things to worry about
Considering a hybrid or all electric before incentives are gutted and tariffs screw things. We’d planned to wait 1-2 years but may move up the change. (My car is 10 years old, 98k miles, but good condition for now. Lots of town driving. Could be a good time to shift to something not gas powered)
We were a one car family with a similar 10 yr 100K miles ICE and just added a used Chevy Bolt EUV a few months ago as a second car. I’m glad we have the ICe still for longer trips but I love driving the Bolt and highly recommend it for an around town and 1-2 hour trips car!!
