rjr44
Well-Known Member
Why choose only one?
Tariffs...what to make of them.
- Thread starter Dave Taylor
- Start date
Random phone call from our Financial Advisor on a Sunday afternoon. My wife answers and tells him to sell everything. Dead silence..... I mean you gotta be able to have some fun with this. I wonder if anyone else he called today actually will sell.
why not both?? AFAF.
Unless I missed it, nobody's talking about the formula they used to come up with the so called "reciprocal" tariffs. It's almost childish.
Trump's Misleading Tariff Chart - FactCheck.org
In his Rose Garden announcement of sweeping new "reciprocal tariffs," President Donald Trump held aloft a misleading chart that claimed to give a breakdown of the tariffs other countries charge the U.S. and the corresponding tariff that the U.S. will now impose against those countries.www.factcheck.org
Show your work
SmooveP
Well-Known Member
LOL. It's worth noting that this analysis was done by a conservative think tank. The summary for people who don't like to read or look at numbers:
- The bottom line: "Now, our view is that the formula the administration relied on has no foundation in either economic theory or trade law," Corinth and Veuger write.
- "But if we are going to pretend that it is a sound basis for US trade policy, we should at least be allowed to expect that the relevant White House officials do their calculations carefully."
Ian F
Well-Known Member
I don't know if I believe that. Or at best it underestimates how deeply distrustful of the "establishment" the MAGA base is. To many of them, Wall Street and the stock market are nothing that affects them and they are happy to see it all burn. whether or not that belief is correct isn't relevant.
Now could all of this lose Trump the "purple" states and districts during the mid-terms? Definitely possible. Assuming the Dems can come up with a coherent plan other than "Trump BAD!!" over the next year or more. But the Dems have continually underestimated the seething anger of the MAGA base and until they figure out how to speak to them in a way that isn't talking down to them, I do not expect a dramatic political shift.
Dave Taylor
Rex kwan Do
Funny thing, I just re-balanced my annuity last night and rather than being 85% in a stable value fund. I’m now 60% and added into VOO.
Dave Taylor
Rex kwan Do
I got 10 pts on mes. Be very careful with a small future’s account in this environment. It doesn’t even pay to buy options because even if the market goes up, they are super expensive right now unless you want to buy some leaps a year or two out I started adding back in with my annuity
Dave Taylor
Rex kwan Do
I will probably close these out at the open. This is one of those trades that can get me back working in Maryland.
Well, once he realized she was joking he did say that even though he never tries to time the market that it's probably a good time to buy more for the long run. He's a big trump guy. Took us to the golf club at Bedminster, had his wedding there last summer too. This is killing him. I can't imagine he had a fun time calling all of his clients over the weekend.
John the Plumber
Well-Known Member
A little levity before the markets open.
IMO this is sound advice if you're still working. But I also think that it makes more sense to buy a little each month over the next 12 months (or really, until you stop working). Even if this is the bottom (ha, I say, ha), it's not going to rebound with the same speed it dropped. You want to average out your buying over some time to balance out the mess that's happening right now. IMO of course. You'll hear people say that they dropped $500k in the market in the exact right time and it's now $1M a year later. This basically never happens. And those people never tell you when it drops to $250k in 2 weeks.
If you're retired and don't have extra cash to invest, it's hard to say that you should use your living/emergency money for this.
This whole thing has been a great mental exercise for us, as we can take into account everything that may happen when we do actually retire. What a fucking nightmare he has created.
Oh, he did say it would probably tie up the cash for at least 5 years.
So that means he thinks it has not bottomed out...like not even close.
5 years means he thinks this is just the beginning.
He might do this for a living but he knows no more than we do as to how this will play out. He was pretty sure today was going to suck.
John the Plumber
Well-Known Member
Watching CNBC last night, Cramer was saying the S&P 500 is going to hit 4,000. This is what a lot of the 401k seems to follow. If it gets close to that I will look at a 500 fund to put so money into since I am already retired.