HereWeGoAgain
Diamond Member
Just Over Half of Americans Own Stocks, Matching Record Low
Nearly three in four middle-class Americans, with annual household incomes ranging from $30,000 to $74,999, said they invested money in the stock market in 2007. Today, only half report having stock investments. This 22-percentage-point drop is more than double the changes seen in stock investing among higher and lower income groups.
Over half of Americans have $0 in stocks
Who Rules America: Wealth, Income, and Power
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Right now, my two accounts are doing great. Moving up by thousands of dollars in just a few weeks.
But after the first of Jan and before Trump's swearing in, I'm changing to less risky investments. In 2008, Republican policies caused my portfolio to drop by more than a third. I can't afford that now that I'm retired.
CEO's and investors are delirious Trump is now the President elect. They assume he will be great for business. That he will slash corporate tax, screw the middle class, cut taxes for billionaires and do great things for investors.
Here's the problem. Consider a trade agreement like NAFTA which was actually put together by Republicans and signed by Bill Clinton after President Bush signed it first.
Trump Is Wrong, NAFTA Was Not Bill Clinton’s Creation
NAFTA supports over a hundred and forty thousand small and medium businesses in the United States. There were clauses in NAFTA to protect American workers. For instance, there was an education plan that would retrain American workers in case they lost their jobs because of NAFTA, but Republicans refused to fund it. Just like they refuse to help the Middle Class in anything. We all already know that.
There were environmental protection plans to protect both countries from environmental rape.
Republicans on the USMB will say Mexican Trucks can go anywhere in the US but US Trucks can't go into Mexico. That was because American Trucks can't go on Mexican roads. Too big. And Congress made an alteration that Mexican trucks have to unload at the boarder and American Trucks would pick up the goods. Mexican Trucks are simply too dangerous to drive on American highways. That's how things are supposed to work. You find a problem and you fix it.
Well, Trump supporters have cried for so long about NAFTA, Trump almost has to scrap it. Besides, he has already made an enemy of Mexico and possibly China.
The world is much more interconnected today and less dependent on the US. I believe Trump is going to sabotage trade agreements and cause a worse recession than 2008. I need to take my money out of risky investments and move them to safer investments. I will do that before Trump is sworn in. I think it won't take long before Trump's impact will distress the American economy.
In 2008, Republican policies caused my portfolio to drop by more than a third.
Which Republican policies?
Which of those policies was fixed by Obama?
You have a list you can post?
I need to take my money out of risky investments and move them to safer investments.
Which risky investments do you hold now?
Which safe ones will you buy soon?
He'll have no answers.