I’ve made thousands of $$ in stocks since the election; my investments are fairly ethical (including Twitter, Apple, Google, and an outdoor advertising company).
Basically, my advantages may be enhanced in the Trump era: tax cuts, investments and retirement gains, and so on.
Of course, I have to avoid being rounded up and put in a GLBTQ/Lefty Elite hard labor camp.
Have you actually checked your portfolio mark-to-market? Apple and Google (and other big tech stocks) are all down since the election, recovering somewhat today.
The reason is that these are companies whose production, growth & expansion are all tied in to globalization, something that Trump’s populist rhetoric has criticized: the US working- and middle-class have lost jobs overseas, and have not benefited at all from free trade and globalization of the economy. All the benefit has accrued to workers in emerging economies and to making the US wealthy even wealthier. If Trump carries through with his threats to start a protectionist trade war, companies whose production and sales (Apple) and expansion (Google) are inherently global will suffer badly, as will emerging markets themselves.
I don’t think Trump will carry through these pre-election threats of protectionist tariffs. Nor does the market assign a high probability, the sell-offs in these companies have been fairly modest, although emerging markets have taken a battering. The well-paying lost jobs in the US are just not coming back, and protectionism will basically nuke the entire global economy, and Trump (and the Republican Party) know that. It’s one thing kicking out illegal Mexican workers (by the way, just who is going to want those low-paying jobs?), but starting a trade war with China is truly insane. It’s not as though China does not have the will and the means to retaliate.
ETA: I own Apple, which I now basically regard as a boring defensive stock akin to a utility! A trade war with China is obviously really bad for Apple, but I think the probability of that is low. And there are numerous positives: a Trump tax cut to bring home overseas cash is a windfall worth several tens of billions to Apple; sales of the new MacBook Pro are strong; iPhone 7 has not done badly even though it was a minor revision, and iPhone 8 will be a more substantial update. Apple is not priced at a level that discounts it revolutionizing the world, it’s cheap even if it just maintains market share and keeps on cranking out boring incremental updates for the next 10 years.
I should have clarified: my “mess around with $5k” account made $1300 over the last week. I don’t really have a strategy, it’s mostly in service of teaching myself how stocks work.
Our “don’t mess around account” handled by a broker is mostly mutual funds, we made almost $12k over the last week.
I’m sure the markets will fluctuate downward again, but for now I’m happy I can pay to fix the water damage on the side of my house
I don’t know much about financials, but I figure the stock market would’ve tanked no matter who was elected. How much of what’s going on now is reactionary? My guess is it will have to settle down and we’d have to be well into a Trump presidency to know what truly may be a good investment.
The entire black population of the US that Trump supporters know are just sitting at home collecting welfare on all their babies both real and fake.
Once that gravy train cuts off on Day Two those folks will be glad to pick [del]cotton[/del] lettuce and [del]hoe fields[/del] mow lawns like God intended.
FTR: I don’t believe this. But I bet lots of people do. And more will be told to believe it by [del]Breitbart[/del] the White House Press Office.