the economy is on the brink of collapse (regardless of who is president)....I'm all in on gold/silver. Weimar Joe's Marxist handlers are gonna ramp it up (if he is sworn in).
I think we will see a lot of profit-taking, and sudden increase in selling to avoid capital gains tax will trigger a lot of other people to pull out (because they are seeing everyone else doing it).
Also, changes to 1031 exchange and step up basis are going to hurt a lot of middle class and lower class who are trying to gain financial independence, pass on generational wealth to their kids. This tax plan is not progressive, not for the people, and I really don't see how people who think they're getting a free ride and hurting the rich think it is.
You are right about precious metals. Most 401ks don't have those options, I know mine doesn't. Bonds are far and away the safest bet. I was able to move all mine to a one year 8% bond i believe. It's not the 32% i was getting under Trump, but it's going to be a hell of a lot better than losing it all.
Market is going up has nothing to donwith value... The fed reserve has already said they wont allow it to go down. Go see waht theynsaid before posting this bs
NEVER TAKE FINANCIAL ADVICE FROM SOMEONE ON THE INTERNET
the economy is on the brink of collapse (regardless of who is president)....I'm all in on gold/silver. Weimar Joe's Marxist handlers are gonna ramp it up (if he is sworn in).
Great move. Unfortunately I don't have that option with my 401k.
I think we will see a lot of profit-taking, and sudden increase in selling to avoid capital gains tax will trigger a lot of other people to pull out (because they are seeing everyone else doing it).
Also, changes to 1031 exchange and step up basis are going to hurt a lot of middle class and lower class who are trying to gain financial independence, pass on generational wealth to their kids. This tax plan is not progressive, not for the people, and I really don't see how people who think they're getting a free ride and hurting the rich think it is.
You are right about precious metals. Most 401ks don't have those options, I know mine doesn't. Bonds are far and away the safest bet. I was able to move all mine to a one year 8% bond i believe. It's not the 32% i was getting under Trump, but it's going to be a hell of a lot better than losing it all.
Market is going up has nothing to donwith value... The fed reserve has already said they wont allow it to go down. Go see waht theynsaid before posting this bs
Heh. No.
Big wrongo there bud.
ok 'bud'. you know how many times I've seen this sell sell sell sell nonsense. It's only being happening for the last 60 years.
I don't care what people do with their money. I just want them to secure it, as the market is going into the biggest depression we've ever seen.