MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

President Trump is great for your 401(k): strategist

johnNjohnN
edited June 2020 in Other Investing
https://finance.yahoo.com/news/president-trump-is-great-for-your-401-k-strategist-162344939.html

President Trump is great for your 401(k): strategist

The verdict is far from certain here, but Wall Street strategists continue to believe President Trump winning re-election would be better for your longer-term investments than a president Joe Biden (and most definitely, a “blue wave” sweeping through the House and Senate).



Does anyone know of Biden's 401K, lots pundits are guessing more Taxations?

IMHO we are at 2016 crossroads again, two candidates that not many folks are enthused about. Wish We had Pete in there, maybe much better

At the end of the days, nothing much would change voters' minds given these crisis situations



2020 Viper/Dumper debate:
"Trump would have trouble getting down the ramp. Biden would just smell his hair"

Comments

  • carew388carew388
    Maybe-time will tell. However, since my health insurance is an ACA policy, Biden would be much better for me, and that's whom I'm voting for this fall.
  • davidrmorandavidrmoran
    Again, again, why post this drivel?

    This MIchael Lee guy does not know historical correlations of taxation and returns.

    >> As controversial as President Trump is, market pros would contend that these types of moves upward in equities wouldn’t necessarily happen if the market was sniffing out the real possibility of a blue wave and higher taxes under a president Biden. There is still time for that pricing in to happen if Trump continues to stumble in the polls, but to Lee’s point the market may simply view Trump as friendlier to one’s investments and the economy at large and that sticking around for four more years.
    “I do think for the overall economy, a Trump administration would benefit the masses more than those with financial assets,” Lee adds.

    Laughable.

    I do not know the longer term, but if Trump loses, the market the next day will jump yugely, I think, just from relief.
  • hank
    edited June 2020
    I’ve had friends (yes, still have a couple) who claim that not enough people own 401-Ks, IRAs, etc. to make a difference in voting. I think what they miss here is that those who own such investments tend to be better educated and wealthier folks and, hence, are more likely to show up and vote than the population at large.

    Some of that advantage, however, is being taken away by aggressive Secretary of States in the various states who are aggressively pushing voter participation. Ours has begun mailing out absentee voter applications (not ballots) to all registered / eligible voters weeks in advance of elections. But I think it’s wrong to discount the 401-K effect. People do tend to vote their pocketbook. Helps explain T’s fascination with equity levels to the point where he once publicly chastised Jay Powell because the DJI was dropping a few points while Powell was speaking!
  • FD1000
    It is so sad to see a candidate like Biden with health issues. I wouldn't let him manage a small business with 10 employees. Why his family and friends don't tell him the truth?

    And then there is Trump, regardless of what you think he will be elected again even after Dems pull out all their stunts.

    The pendulum has to swing left and right:-)
  • johnNjohnN
    edited June 2020
    Hello
    sorry to be political. I think there is maybe a LARGE blue wave in Nov 2020 according to PBS/ABC CNN CNBC and MSNBC probably Biden wins 360 to 178 according to many polls/predictions today. Biden is leading by 10-12 points overall in all states and also tied in Az, GA, Tx. Huge lead in Mn + 17. Think Biden may have better healthcare and free for all, Ms Harris will oversee "undertable" it as VP. Biden has >60s% chance of winning US Election today.

    Stock may not do well though next year because Biden not very friendly toward Corporate Americans. If biden win I will buy more real physical gold, maybe another uprising and US may turn into ?? Marxist Environments and market crash maybe in late 2020 early 2021 because of 2nd wave covid and tanking enconomies..

    I will sit this election out. These crumps/idiots running are bad for us. Wish Pete, Andrew Yang or Bush Juniors were still running I would vote for them.

    Senate/House/Potus Democrats may not be good for US -No checks nor balance.
  • RbrtRbrt
    edited June 2020
    I thought it was despicable when, 4 years ago, people were diagnosing Trump as having a mental illness and I find it equally despicable that the Trump enthusiasts are now projecting those same ailments onto Biden. It appears to me that almost everyone over 70 years old stumbles over their words now and then. Prof Siegel’s recent interview with Ritholtz is just one example - but please, no one would say Siegel isn’t capable deep thought. And unless you are a mental health expert using a formal process you shouldn’t say it about anyone either.
  • Mona
    FD1000 said:

    It is so sad to see a candidate like Biden with health issues. I wouldn't let him manage a small business with 10 employees. Why his family and friends don't tell him the truth?

    And then there is Trump, regardless of what you think he will be elected again even after Dems pull out all their stunts.

    The pendulum has to swing left and right:-)


    Do you think that our next president will pick your great mayor of Atlanta as a running mate?
  • davidrmorandavidrmoran
    FD1000 said:

    It is so sad to see a candidate like Biden with health issues. I wouldn't let him manage a small business with 10 employees. Why his family and friends don't tell him the truth?

    And then there is Trump, regardless of what you think he will be elected again even after Dems pull out all their stunts.

    The pendulum has to swing left and right:-)


    start a pool, place your large bet, money where mouth is and all that good stuff
  • johnNjohnN
    trump +115
    biden -130
    recently according to vegas

    Clinton was -700 trump +475 back in 2016

  • Sven
    Always wonder about your political leaning.
  • MarkMark
    This asshat has shown that he cannot manage anything in case you haven't been watching. The last thing I want him near is my savings.
  • Sven
    It is well known that he a long history of failed business from casino to hotels. His first wife, Ivana, was the brain of the family who grow the business. Can't say the same for The second and the third wives.
  • CrashCrash
    l will assert: regardless of financial ANYTHING: Donald Trump is a ball of pus, which deserves ZERO attention in any regard, about ANYTHING. He sucks pus from the penises of armadillos. The Trumpster eats bacteria from anything which can be sucked intentionally from creatures which offer the world semen-laden, dead and rotten pizzles, of various different species--- even of those who may not yet be classified and categorized. The TRUMPSTER does not deserve to LIVE.
  • rforno

    Tweety Amin, AKA Donald JOHN Trump, AKA General Dotard von Bonespurs, AKA Boss Tweety, AKA the Orange S---tgibbon, will win in November and claim 170% (at least!) of the Electoral College with 215% of Republican voters supporting him! There will be No "Fraud" at all and it will be the biglyest blowout in the history of competitions at that fine institution! They will serve hamberders and covfefe at the Corona Plaza gathering of die-hard supporters with live telecast streaming of the similar celebratory festivities in Bejing, Moscow, Manilla, and Caracas! Not to be missed - sorry haters and losers! Thank you!

    ... excuse me, I need to rinse out the bile that's risen and is splashing around my throat now....
  • BenWPBenWP
    No need to worry about the November election. The White House has claimed the President is not a "citizen," and therefore does not have to quarantine in New Jersey. Only a citizen may run for president.
  • MarkMark
    edited June 2020
    How about the states rising up and saying "no mask, no rally's/conventions,gatherings etc. It's not that hard. I'd rather let go of any money they are supposed to be making and think of all the wasted time and expenses on their healthcare systems, security etc., they'll be facing after he's gone. Not worth it for a 2-3 hour lie fest.
  • BenWPBenWP
    Sorry. The WH claims DT is not a “civilian.” Not sure which is more damning.
  • CrashCrash
    edited June 2020
    Smoke and mirrors and lies, half-truths, subtle lies, obvious lies and damned lies. And then there is the stuff they spew that can only be called fiction. The Orange Abortion is not a "civilian." LAUGH. Pretzel-logic. Perfect, like a syllogism.
    -All civilians are pink elephants
    -All pink elephants can fly.
    -Therefore, The Orange Abortion can do whatever he wants.

    ...Perfectly logical, eh? Wait a minute. Huh!?
Sign In or Register to comment.