Would you dump high risk stocks/mutual funds before election?
 

Im talking about blue chip/bio med type of funds. So far I'm rocking with Fidelity technology and Vanguard blue chip. 60% return. If Biden gets elected its going to take a temporary dump for sure. What would you do?

It will probably take a big shit. Biden has already said he's raising taxes across the board and we all know he's in china's back pocket. Part of the fight with china was bringing back a lot of jobs here and it was working. Just watch this. Like he's said "china is going to have to put jobs here."

What is Joe Biden's plan besides bringing back Obama's draconian epa restrictions that trump lifted which was a boon to manufacturing and industry here.

Joe Biden's plan is literally doing nothing for capitalism but hurting it.

And if you've been in for a long time you're in a position like I am. I want to sell but I will trigger a massive tax bill. But I guess if you're in a mutual fund you won't take that much of a hit if the markets drops a bit which i'm sure it will.

I hold off tho..I feel somewhat confident Trump can win.

And if he does win it will be a very prosperous time for America. Hate him all you want but you can't deny that economy before the pandemic. Shit, and still the market is up like 50%! Even though a global pandemic AND a trade war.

i sold out of everything and I'm waiting to see if I need to buy guns and long-term-stable food if america collapses in the next year...

Yeah things will get hot no doubt from November till they decide the election, but you will see a much more swift reaction to the anarchy that went on over the last 6 months. I believe the president's hands were tied and the government allowed much of the craziness to go on because forcing the military into these areas like Portland / kenosha etc., during an election year would be political suicide.

And if you're old enough to remember those LA riots in the 90s, Bush sent the marines in and those riots were over in 36 hours. So as far as melting down gold for bullets I don't think we'll be anywhere near that.

business will keep running

When you are gambler you can probably make some money around the election - or lose.
But if you are an investor, you just lean back and see what happens.

i like this thread. :thumbsup

I would not look for investment advice on GFY that's what I would do.

None of it matters if you are investing in high quality companies over the long term. And long term doesnt mean 1-year or even 5-years.

:thumbsup

1. Believe in the company you are buying

2. Have an investing plan

3. Stick to it, regardless of speed bumps. The speed bumps are where your gains are made.

And if the companies you are invested in drop when the new president comes in, Invest more. Especially if you have been seeing a return for the most part all along.

Yeah but what if that incoming president has crippling and stifling economic policies that will hurt the economy? Growth drives the stock market. Obviously I'm a Trump supporter but i'm only loyal to the dollar. I know Biden wants to raise all taxes across the board. He wants to bring back stifling epa policies and will not fight china, continue letting jobs leave. Considering we're still in the midst of a pandemic I think Biden's plans will hurt the economy.

What somebody says they want to do and what they get done are completely different things, particularly when it comes to a politician. And regardless of what a potential Biden could do, he can't make a good company bad. That good company will find a way. That is the American way, right?

If/when the market crashes, buy your good company. That's how mega investors have been doing it for 100+ years.

Why would you dump stocks? The market performs much much much much much better under Dems that Republicans in terms of ROI. I don't think you should over react one way or the other - but from an economic standpoint, you tend ot want to get out pre the republican bubble and then ride the dem wave to massive growth. I think its like 9% growth under GOP (with every republican in modern history overseeing a recession) with 15% or something under Dems.. why would you sell? Hope that the covid drop buying oppertunities will be boosted by a Biden win

I would be concerned about bio med stocks where the price is predicated on them finding a vaccine. I believe that by the time the vaccine is available that covid will have already reached saturation levels and the vaccine will be pointless.

One of them in my Fidelity mutual funds just skyrocketed by 60%. :thumbsup

Come on GFY and talk shit about something I don't have and know nothing about?..

Statistically speaking, Stocks under the previous admin grew at a better rate than the current admin. Stocks always go up. everything does. yes there are crashes, but if you feel like playing that game, you're going to have to pick a time to sell and re buy.