Trump supporters, have you already sold your stocks?

Discussion in 'Political Opinions & Beliefs' started by Quantum Nerd, Nov 7, 2020.

  1. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Just wanted to check if you are true to your word from a week ago, when several Trump supporters claimed that they would sell their stocks as soon as Biden is elected.

    Me, I keep DCAing into my retirement accounts, based on my pre-determined asset allocation. Buy and hold, baby, no matter whether it is a Dem or GOP president.
     
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  2. kriman

    kriman Well-Known Member Past Donor

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    Never said I would sell them. I have been in the stock market for a number of decades. It is still the best game in town.
     
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  3. cd8ed

    cd8ed Well-Known Member Past Donor

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    Time in the market always beats timing the market
    All my stocks are doing well and futures are up!
    Stability means a lot to the market
     
    Last edited: Nov 7, 2020
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  4. Quantum Nerd

    Quantum Nerd Well-Known Member

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    That is my motto too (actually, not mine, I just adhere to this principle I learned from the Bogleheads).

    It is interesting, however, that none of the Trump supporters want to publicly commit to selling their stocks. Seems like personal profit has already become more important than loyalty to Trump. Of course, deep down, they always knew that it is not the president that makes the stock market go up or down.
     
  5. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Looks like, so far, the market stays on the same trajectory after Trump. So, clearly, the "Biden crash" hasn't happened yet. It also doesn't look like 70 million Trump voters have sold their stocks, otherwise there WOULD have been a crash.

    Hang in there, guys, don't let the occupant of the WH determine your investment portfolio. Remember what @cd8ed said: Time in the market beats timing the market.
     
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  6. Doofenshmirtz

    Doofenshmirtz Well-Known Member Donor

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    Im not a Trump supporter, but I did make some adjustments. If they did sell stock, they likely made a profit.
     
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  7. Siskie

    Siskie Active Member

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    No serious, long term investor sold their stocks or at least not most of them. Things might have gotten shifted around, but markets go up and go down. Freaking out is how people lose money.
     
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  8. 61falcon

    61falcon Well-Known Member

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    DOW hit 30K yesterday for first time, everything in it is GROSSLY OVERVALUED.
     
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  9. FreshAir

    FreshAir Well-Known Member Past Donor

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    I am out of the market, everything been in bonds for a while now, the crash is coming, the only thing keeping the market up right now is the last Stimulus and the FED dumping trillions into the economy - if Republicans refuse to pass more stimulus for the people, the economy will crash
     
  10. doombug

    doombug Well-Known Member

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    I haven't sold my stocks but I am looking to buy into Burisma......
     
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  11. 61falcon

    61falcon Well-Known Member

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    The top 1% own well over 80% of the stock market, they could care less about stimulus checks.
     
  12. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Depending on your age, it may be smart to be out of stocks, if you are risk averse. Just as a reminder, even in retirement, people need some stocks as an inflation hedge. Also, it is easier to get out, than to get back in. That's where most people lose money, they miss the re-entry points, so they buy back in when it is to late and end up selling low and buying high.
     
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  13. Quantum Nerd

    Quantum Nerd Well-Known Member

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    That is true, but they DO care about aggregate demand tanking. Because someone has to buy their products.
     
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  14. Spooky

    Spooky Well-Known Member Past Donor

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    I don't recall anyone saying they would dump their stocks.

    You have any quotes of this?
     
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  15. ArmySoldier

    ArmySoldier Well-Known Member Past Donor

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    I actually think this is a good thing if Biden wins. That way, when **** hits the fan, they have no one to blame anymore. Harris is going to run the show, not dementia joe.

    The left wants an idiot and an extremist to run the country...they got it. Now, when they blow more money on Iran, Paris accord...etc...meanwhile raising taxes on Americans...

    They have no one to blame now.
     
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  16. Quantum Nerd

    Quantum Nerd Well-Known Member

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  17. Spooky

    Spooky Well-Known Member Past Donor

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  18. HereWeGoAgain

    HereWeGoAgain Well-Known Member

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  19. FreshAir

    FreshAir Well-Known Member Past Donor

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    right now the FED is buying their stocks, so they are basically printing money
     
  20. FreshAir

    FreshAir Well-Known Member Past Donor

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    the stock market will crash, the Trump crash has been delayed by the stimulus and the FED dumping trillions into the economy, but that is just a temporary band-aid

    the market only appears good, the people are hurting, another 1929 is coming
     
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  21. ArmySoldier

    ArmySoldier Well-Known Member Past Donor

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    It doesn't matter what happens. Whatever happens, is now on Biden in January. And with all the blame you guys placed on Trump from the Obama disaster, best believe Biden will get his blame for his term :)
     
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  22. ArmySoldier

    ArmySoldier Well-Known Member Past Donor

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    This was a very mature post! It's a step up. I'm proud of you ;) Way to debate on a forum lol
     
  23. CenterField

    CenterField Well-Known Member Donor

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    What are you talking about? They still think that Trump won!
    LOL
     
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  24. DennisTate

    DennisTate Well-Known Member Donor

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    The serious returns will not be in the stock market but in......

    Americans will be leaving Democrat controlled urban areas for many reasons.....
     
  25. FreshAir

    FreshAir Well-Known Member Past Donor

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    yeah, like Obama care was all Trump's while he was President - sorry, what is Trump's is Trump's
     

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