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SCVDem

(5,103 posts)
Wed Dec 7, 2016, 12:29 AM Dec 2016

Should 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.

4 replies = new reply since forum marked as read
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Should we take advantage of tRumps market games? (Original Post) SCVDem Dec 2016 OP
Sure, if we could predict. elleng Dec 2016 #1
You have to know in advance who Trump is talking to and what investments will be discussed. sarcasmo Dec 2016 #2
Here's what I'm going to do calguy Dec 2016 #3
Message auto-removed Name removed Dec 2016 #4

sarcasmo

(23,968 posts)
2. You have to know in advance who Trump is talking to and what investments will be discussed.
Wed Dec 7, 2016, 12:37 AM
Dec 2016

We're all screwed if they kill Social Security.

calguy

(5,323 posts)
3. Here's what I'm going to do
Wed Dec 7, 2016, 02:09 AM
Dec 2016

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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