Do you think if he kneels down and kisses trump feet he would be okay? I’m so worried damn…
“we need someone to run the government like a business” “lets pick this guy with 40 bankruptcies” my guy even if the premise wasn’t idiotic what did you think would happen
I’m an investor in predominately european companies. My investments have risen 20%… so far
EutelSat is where the investments are at. And the EU’s MIC. Good time to be European.
Luckily i was already fairly heavy in to the british MIC when it all kicked off
I’ve held Rolls Royce since it was £1.09p
Mine haven’t. I pulled my money out a month ago when I saw that the new Trump presidency wasn’t going to be like the first one.
Well, he’s being the same failed businessman and bigot he’s been his entire life, the biggest difference between the two terms is that now he doesn’t have undoing all the things that a black man did while in office to keep him busy.
I can’t decide what the right move right now to do is. I lost months of growth in a couple weeks. The market has always come back before, but the orange shitstain is pretty uniquely awful, and showing us how he cares jackshit about nuking the economy.
If there’s money going in probably the best option in the very long term is to not sell/pull money out but to instead keep buying while the stocks are depressed. Buy low sell high as they say. If the entire US economy collapses we’ll all have much bigger problems than worrying about what we selected to do with our retirement portfolios
Oh it will definitely bounce back up eventually. No idea when this will happen though.
I tend to think a lot of this damage is permanent. That doesn’t mean you’re wrong, but it might mean our growth is stunted forever or for many years. Screwing over allies like this, and a public who would re-elect him? Why would they trust us as a trade partner if they can avoid it?
Please be careful with your investments. Respectfully, you seem to be mistaking the idea that markets like these reflect reality. The market and reality can remain out of alignment as long as all the major players are willing to keep pretending. This is the nature of a bubble, for instance, and no one can predict when it will pop (except those who can cause it to…).
Trump is VERY likely: aware of the market swings he’s causing, doing it on purpose, and taking advantage of predictable moves with friends. He very well may issue statements next week that cause it to shoot back up.
You’re a consumer of investments, meaning a mark, rube, or bag holder for the people who actually exert influence over these things. You should almost certainly leave your money alone and not make moves that play directly into the hands of the folks who want you to sell low and buy high.
Edit: typo
I appreciate this. I think you have a better grasp on things but I was leaning toward not doing anything. In any case my portfolio is fairly conservative. Index funds and a retirement plan set to light risk setting iirc. Yeah, these motherfuckers care about their own money so I figured they were taking full advantage, incredibly illegally, but who will stop them? No one. I was considering moving some of my savings into my index funds because of the buy low sell high thing but I’m too spooked to change much.
I’ve got a similar portfolio to yours and every time I’ve made changes based on what look to me like inevitable events / movements, I’ve regretted it. As maddening as it can be, I just leave it alone now and slowly balance toward (traditionally) safer investments (AKA not stocks or even indexes of them) as I get older. Cheers and good luck, I understand the frustration!!
Exactly. It could be back to the level it was 1 month ago in 1 month from now if Trump does a complete 180 to his approach (doubtful and yet somewhat still believable) just like it could take 10 years.
Fuck these idiots. Reaping what they sowed.
Trump is doing exactly what he said he would do and the obvious outcome happens, but they still don’t see through his bullshit not matter how many times it bites them in the ass.
Even past that, the market has been on a historic bull run. The NASDAQ is up around 150% over five years. Unprecedented gains, even with the COVID dip.
What kind of whiny bullshit is this about a 15% decline? You’re holding equity with a 100+ p/e. You took a bunch of leveraged risk and came out ahead, but you’re still not happy because… you’re not a trillionaire like Daddy Musk yet? Take your fucking profits and back away from the roulette wheel, you degenerates.
Garry’s Economics on YouTube has great videos on this. Check his channel out.
Well, except the things that would have been nice. Like bringing down prices, ending wars, not being a little bitch in the white house.
He promised that he would bring down prices by putting tariffs on everything. So you can check that one off the list. The tariffs are in place. And he promised to end the war in Ukraine by bullying them into surrendering to Russia, and finishing the genocide in Palestine, so you can check off ending wars as well.
The only one he didn’t promise was to not be a little bitch in the White House, because we all knew that’s exactly what he was gonna be. We had historical evidence of that.
Right? Fuck around and find out. Damn them all for setting us on this path of this hellscape they set us all upon. If you’re MAGA or didn’t vote at all I don’t have the sympathy or empathy left to give a shit what happens. The leopards are going to eat so many faces the next four years they’re going to die of obesity.
The problem is we (Americans) are all reaping what a small group of people sowed. Some of us didn’t vote for this. Most people didn’t vote at all. I wish it was mandatory like in Australia. I want my voting sausage.
I wish there was a way to spin up an IRL virtual machine and show Americans what the two presidencies would look like in real time, and make it compulsory to watch. Then let people vote on Nov 5th. And make it required.
It fucking sucks when people don’t vote, and we end up with evil idiots who trash our country, our climate, and our people. Not to mention our allies and our economy. It’s so preventable.
Yeah I’m not stupid, that isn’t lost on me.
I’m just glad they are suffering too. Probably considerably more than i am, tbh.
Problem is, it’s affecting us in canada, and other countries too, so were also reaping what they sowed
This person is rich enough to own stocks. It’s good that they’re feeling some negative effects of what they voted for, but calling a 15 % dip in their portfolio “suffering” is kind of devaluing the actual human suffering that Trump’s policies are causing.
Yea but they’re never going to find that empathy so at least there’s this
Anyone who must be employed to survive is one of us, I’d say. Even “millionaires” understand that pressure. Still, it probably doesn’t matter if they have any realizations because they’ve all served their purpose to him.
Millionaire is a pretty low bar these days, a salary worker reaching retirement age probably has a million dollar net worth.
A million dollar net worth is barely enough to be comfortable in retirement in the U.S. You can pull $2500/mo from your investments, don’t forget about health care and the cost of dying. You’re also one medical claim denial away from bankruptcy.
As if conservatives place an iota of value on any human life apart from their own.
Not a business man, a con artist.
And when he does run an actual business, he tends to go bankrupt, and rarely profits more than a broad market index fund would.
In other words, he’s objectively bad at business. He would be poor if he hadn’t been born rich.
“Filing for bankruptcy” was his entire strategy as a business man, though.
And countries can totally do the same. Argentina was bankrupt at least twice, Venezuela has defaulted on bonds, Greece was restructured. And I’m pretty sure there are others.
Bye, bye reserve currency status and all the cheap loans, inflation reduction and broader economic influence that comes with it …
“He’s a businessman”.
No, he’s a nepo baby hustler who thinks winning is the only thing that matters, and winning is when you rip off and take advantage of people.
No he’s a businessman just not a good one and by good I simply mean minimally competent, I won’t get into the morality although… Woof.
minimally competent
I think bankrupting a casino disqualifies him from even that.
I guess the house doesn’t always win.
Seriously the only way I can invision him doing that without illegal activities is that he pissed off all the proper contractors in the support industries and had to special order everything.
I could see something like that happening to Donald “I like to brag about not paying contractors” Trump.
I saw a calculation once that found he’d be more wealthy now if he literally just shoved all of his money into stocks when he turned 18. Truly evidence of an incredibly smart business man
Sounds like a business guy to me
Things that make about as much sense as “Conservative Environmentalist”:
- Anarcho Bidenism
- People that enjoy fruitcake
- Jumbo shrimp
- For Profit Social Services
- Anarcho Capitalism
- People referring to a lion being the ‘king of the jungle’ without realising lions don’t live in jungles.
If you toast it with peanut butter its almost edible.
Notice how even when potentially becoming self aware they still say it’s having a negative effect on “conservative Canadians” as if they’re the only demographic that would be pissed about a hostile foreign power threatening to take their sovereignty.
The “In-group” is the only one that matters.
You needn’t look further than ‘Conservative Environmentalist’. Obviously, he has no clue what his party actually does.
I’ve known a few of those. “Environmentalism” to them only goes as far as making sure they have some fields around them stocked with deer and pheasant to hunt, and maybe a lake they can tool around in their bass boat.
It’s called gardening. I’m literally writing about this and that’s the term I’m using lol.
Because even natural preservation has to have a conservative version.
Like is he just ignoring the “Drill baby drill” shit? Or the fact that in his first term Trump reduced the size of national parks for the sake of oil operations?
He’s a trump voter.
All you need to know.
Unless that’s the ghost of Teddy Roosevelt then I agree
Teddy Roosevelt would be called a commie by many of today’s top Democrats, let alone the MAGA Republicans.
He literally tried to start a progressive third party.
Well well well. Is he “hurting the wrong people” again? who would’ve thunk
He’s not even hurting them. They’re still up for the year. They’re historically up for the last ten years, in the face of enormous economic headwinds.
Trump stepped in, the market surged, and now its floated back down to December 2024 baseline.
And these losers are screaming like stick pigs because Big Line doesn’t always go up forever.
A business man who has failed to sell: Booze, football, and steaks…TO AMERICANS.
Can’t forget gambling.
I don’t even know how that’s possible, casinos are barely legal money printing machines. People drive hours to the middle of buttfuck, nowhere in many states just to gamble, and his were in major cities for Christsake, lol.
It is very unsettling to see him in financial control of all of us again, after crashing the economy once already.
I don’t even know how that’s possible, casinos are barely legal money printing machines.
Because it was a money laundering scam.
He skimmed too much off the top, since he kept billing his expenses to the casino, and then they collapsed.
My understanding is he tried to expand his operation too quickly into a second casino very near the first one ended up with both casinos competing with each other
True. LOL.
Which is because he tried to put his name on all of it and charge a premium. No actual added value. Just his name. Turns out that’s not a winning strategy.
wasn’t until he figured he needed a cult following, first
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Watch out, he’s starting to get ticked off! You don’t understand, his investments are dipping!
Don’t you understand, an actual person (him) is experiencing consequences! He’s said all the right words and hated the correct kind of human, this should not be happening to him!
The real test is whether he’s gonna become a leftist or not. Reminder, Right-Wingers are solipsistic & only care when they’re personally affected.
Not gonna happen… he is still doing mental gymnastics to justify Dear Leader’s decisions “I know his goal is to even our trade deficit…”
Trump could dump gasoline on a burning house and they would say, “he was just trying to put out the fire, gasoline is a liquid like water after all”
Then he got what was coming
They’re pretty dumb, they keep saying “canada would be the 51st state” as if there aren’t 10 provinces
They have to be accepted as one, just like we need 2 Dakotas and Carolinas.
The senate has to be balanced for Republicans, otherwise it’s just not fair, you see?
American media promotes Canada as a singular place. Seattle is in Washington, but Vancouver is in Canada; Detroit is in Michigan, but Toronto is in Canada. The idea that other countries can also be broken down into sub-national jurisdictions that are not politically or culturally aligned just doesn’t come up.
That’s a privilege reserved only for 'Murica.
