Maybe - I hope they do for multiple reasons. Honestly, they should take away the emergency tariff powers entirely as they are being used in transparent bad faith to crash the economy.
Maybe - I hope they do for multiple reasons. Honestly, they should take away the emergency tariff powers entirely as they are being used in transparent bad faith to crash the economy.I think there is a non-zero chance that congress cancels some of the emergency declarations that he's relied on to do this as conditions and vibes further deteriorate. They are facing an already hostile electorate next year and hemorrhaging 10-20 points in special elections.
I liquidated 75% of my holdings in January and February. Can't wait until this evening to update my spreadsheet and see how much more I have saved myself from, it was already well over 10%.I liquidated my brokerage account a few months back to purchase a new home and man am I glad I did.
OW! 10% of savings is decent to be fair.I liquidated 75% of my holdings in January and February. Can't wait until this evening to update my spreadsheet and see how much more I have saved myself from, it was already well over 10%.
I liquidated my brokerage account a few months back to purchase a new home and man am I glad I did.
Ooof. Having your wealth and your paycheck stuck in one place. Why?A couple months ago the husband and I were out to dinner with some friends. One of them works for the same company. Come to find out that he's never sold his RSUs or stock plan purchases because the stock keeps going up. He has been there over a decade and a not unsubstantial amount of his total wealth is tied up in this one single stock that is now exposed to a 54% tariff from their most important, by far, manufacturing hub. Eeeeek.
That depends on whether you're part of an industry that just collapsed, now isn't it?Why people are exaggerating to much?
It's not good, of course, but isn't the end of the world.
Ooof. Having your wealth and your paycheck stuck in one place. Why?
A couple months ago the husband and I were out to dinner with some friends. One of them works for the same company. Come to find out that he's never sold his RSUs or stock plan purchases because the stock keeps going up. He has been there over a decade and a not unsubstantial amount of his total wealth is tied up in this one single stock that is now exposed to a 54% tariff from their most important, by far, manufacturing hub. Eeeeek.
I would be rather amused if Soros managed to short the crap out of the market and walk away vastly richer for Trump's shenanigans.I wonder how long it is until Republicans start blaming George Soros for the market chaos.
I wouldn’t be surprised if the bulk of short positions are held by the President’s own cabinet.I would be rather amused if Soros managed to short the crap out of the market and walk away vastly richer for Trump's shenanigans.
I learned from witnessing the Enron collapse when I was young (because I possess the capacity to learn from things other people did) that having all your eggs in one basket is a, shall we say, poor choice.Well the line keeps going up some people just tend to believe that it can't go down. Anyway I read more than enough stories about people getting deeply burned by exactly this thing in the last two recessions that it left a deep desire to never be in such a position. As such I made my husband regularly liquidate his company stock and reinvest or use the cash for other things (like the condo I am currently posting from).
I would be rather amused if Soros managed to short the crap out of the market and walk away vastly richer for Trump's shenanigans.
Or just hold it for the long run.I really thought about it but decided to just put most of everything in annuities/ money market accounts.
I'm still exposed though.. but that's my own stupidity.. I took a caculated risk thinking Trump's tariffs wouldn't really effect tech stocks like Amazon/ Google/ Broadcom.
Man was I wrong:
View attachment 121241
Oh well.. I'm just glad it's 15k I risked and not a much larger figure.
Maybe I can do a sale and claim tax losses or deductions next year?? But I am not impatient and will most likely just hold till profitable which I think will be years.
I just look upon it as maybe I didn't dodge the bullet, but thankfully just a graze!
OUCH! 24.38% is a big loss, sorry for said loss, but you must realize that Trump is going the Russia path in a very crazy speedI really thought about it but decided to just put most of everything in annuities/ money market accounts.
I'm still exposed though.. but that's my own stupidity.. I took a caculated risk thinking Trump's tariffs wouldn't really effect tech stocks like Amazon/ Google/ Broadcom.
Man was I wrong:
View attachment 121241
Oh well.. I'm just glad it's 15k I risked and not a much larger figure.
Maybe I can do a sale and claim tax losses or deductions next year?? But I am not impatient and will most likely just hold till profitable which I think will be years.
I just look upon it as maybe I didn't dodge the bullet, but thankfully just a graze!
I had a limit order set up a few weeks ago in a retirement account to buy more at like a 5-7% drop from where the fund was at the start of March. Executed immediately this morning because of these shenanigans.Decided to check to see if my adjustments panned out. Up about 0.5% today on average across the accounts.
When you hear "Trump Rose Garden economic announcement" proceed accordingly.
I had a limit order set up a few weeks ago in a retirement account to buy more at like a 5-7% drop from where the fund was at the start of March. Executed immediately this morning because of these shenanigans.
Unfortunately for the US, every other country has another 6.5 billion or so people to sell to. They don't need our money that bad.Trump is playing a "who blinks first" game with these tariffs. If companies like Vietnam, with a purported 97% tariff on imports from the US, come to the post and say "hey, OK, we'll lower our tariffs on US imports to 25%, Trump will drop the applied tariff on goods coming from them. That is the idea. If they refuse to budge and all their products coming to the US are suddenly 45% more, they will sell A LOT less of their product. Trump kind of has a lot of countries by the balls right now.
The US citizens, at least from my point of view, seem to be the most wasteful and frivolous spenders on the planet-- much of which is enabled by very cheap import products. Take that away and the whole game changes, not just for the USA, but for most of world. This is going to be a wild ride, Im very curious to see how it plays out.
Trump is playing a "who blinks first" game with these tariffs. If companies like Vietnam, with a purported 97% tariff on imports from the US, come to the post and say "hey, OK, we'll lower our tariffs on US imports to 25%, Trump will drop the applied tariff on goods coming from them. That is the idea. If they refuse to budge and all their products coming to the US are suddenly 45% more, they will sell A LOT less of their product. Trump kind of has a lot of countries by the balls right now.
The US citizens, at least from my point of view, seem to be the most wasteful and frivolous spenders on the planet-- much of which is enabled by very cheap import products. Take that away and the whole game changes, not just for the USA, but for most of world. This is going to be a wild ride, Im very curious to see how it plays out.
Yeah, same. Usually I'm set and forget. But since these were ETFs instead of mutual funds, and I could see the writing on the wall, I figured I'd at least set the buy at a lower price while the money just sat in a settlement fund.I've almost always been a set it and forget it (besides rebalancing) kind of investor. I know all the warnings against reacting to news too well. I think this is a fundamentally different environment though where we have a madman at the wheel and taking steps to protect ourselves is an acceptable risk.
Already happening, but Johnson will block the vote in the house.I think there is a non-zero chance that congress cancels some of the emergency declarations that he's relied on to do this as conditions and vibes further deteriorate. They are facing an already hostile electorate next year and hemorrhaging 10-20 points in special elections.