Trump helps out bigly and buys a Tesla

The latest from The News Agents is worth a look:

Is Trump About to CRASH America's Economy?!

www.youtube.com/watch?v=IjLyud7grlo

Thank you Barleyfields. David I disputed your claim by referring to media reports. I still dispute it. I will no longer discuss this here because you risk derailing the thread.

You can't dispute facts though, GrandmaBatty.

The stock market is a mystery to most of us. But truth of the matter is the shares are worth 248 today (and they're going up). This time last year, 175.

Yes, they've dropped dramatically but they'd risen dramatically in December.

But it is true that they are much higher than they were last March

How can you say the share price is going up on the basis of the figures I posted above Rula? The US stock market hasn’t yet opened today. The markets are less of a mystery to some of us than others.

imaround

This is a great example of what is happening in our retirement accounts due to Trump.

"Lisa Paris of La Grange, Ky., and her husband were expecting a market “reset” within the next year but were still surprised by the sluggish economic performance during the first months of Trump’s return to office. The couple have lost $70,000 in retirement savings since January"

www.msn.com/en-ie/money/markets/meet-the-trump-voters-downplaying-hits-to-their-401-k-s/ar-AA1AJ3eS

If volitile stocks are in retirement accounts, wouldn't stupidity or greed have allowed that stock selection? I see no reason to ever support that man, however people do make their own choices.

We don’t know what value investors are going to put on shares today, it could go up or down.

"Lisa Paris of La Grange, Ky., and her husband were expecting a market “reset” within the next year but were still surprised by the sluggish economic performance during the first months of Trump’s return to office. The couple have lost $70,000 in retirement savings since January"

Tough, they knew the risks they should have sold sooner, in any case they didn’t “loose” 70K they never had it.
You dont have the value of anything until you sell it, it doesn’t matter if it’s apples a car or Tesla shares

The media will always make an emotional story about those that loose out

Try telling HMRC, as an executor, that the deceased didn’t have the value of their assets, shares or otherwise, because they hadn’t been sold David.

Btw the US stock exchange is now open and so far Tesla shares are down again.

If they're going to retire in the near future then it is worrying but if they have years before retirement, then stock markets could rise by then and now is the time to make contributions, when the stock market has fallen.

Barleyfields

Try telling HMRC, as an executor, that the deceased didn’t have the value of their assets, shares or otherwise, because they hadn’t been sold David.

Btw the US stock exchange is now open and so far Tesla shares are down again.

Quite correct but the beneficiaries will only get the value when they are sold, which could be more or less.
Despite that Tax will be paid on value on death date

"Lisa Paris of La Grange, Ky., and her husband were expecting a market “reset” within the next year but were still surprised by the sluggish economic performance during the first months of Trump’s return to office. The couple have lost $70,000 in retirement savings since January"

I find this type of reporting ridiculous. If people don't want downside potential perhaps they would be better suited to low-risk savings.

I think you’re smarting from a ‘loss’ in your shares capital iamaround and that is making you tetchy which I can understand. You’re disappointed. But it seems they may rise again. And also it seems (by those who understand the stock market on here - not me for sure) that after such highs (which maybe you’d come to rely on for your pension) a reset was overdue. That’s why here (and maybe American too I don’t know?) we are warned about such possible volatility. 🤷‍♀️

Unless they are self employed, most people don’t invest directly in stocks and shares to fund their pension pots, they rely on company pensions, which are invested on their behalf. The big difference between this fall in the stock market is that it has been directly inflicted by the government itself. Nobody knows if it is a temporary glitch, or will lead to a recession. It seems remarkably unsympathetic to claim that somebody who is losing large sums of money right now is just ‘smarting’. If I were imaround, or one of the millions in the same position I’d be b….y furious - and so would we, if this were the UK.

It might be worth checking your own pension funds wherever you are. It's not just American pension funds taking a hit because of Donnie's failings - British pension funds invest heavily in the US market and markets linked to it. Thousands are being lost in UK pension funds too.

Casdon

Unless they are self employed, most people don’t invest directly in stocks and shares to fund their pension pots, they rely on company pensions, which are invested on their behalf. The big difference between this fall in the stock market is that it has been directly inflicted by the government itself. Nobody knows if it is a temporary glitch, or will lead to a recession. It seems remarkably unsympathetic to claim that somebody who is losing large sums of money right now is just ‘smarting’. If I were imaround, or one of the millions in the same position I’d be b….y furious - and so would we, if this were the UK.

Trading shares, commodities or currency is gambling, I would have no sympathy for a gambler who lost his money, they could have invested in a safe fixed interest account.
They didn’t because they are greedy and thought they could do better, some do some don’t.

I don’t think it’s a reset FGT. Tesla aren’t the only stocks which have plummeted in value as a result of Trump’s actions. The US economy may well be heading for a recession.

imaround, ignore the victim blaming. We all have such sympathy for those who did not vote for Trump, which was the majority of your electorate.

Surely though it also depends on whether a person ‘gambles hopefully’ on ‘high risk and maybe high yield’ which probably have higher volatility or ‘safer’ but lower yield, lower risk options? 🤷‍♀️

Maremia

imaround, ignore the victim blaming. We all have such sympathy for those who did not vote for Trump, which was the majority of your electorate.

I for one, am with everyone in the USA who didn’t vote for Trump. To say he’s unhinged is putting it mildly. I’m not going to reiterate his back catalogue of misogyny and financial disasters, they’re well documented.
Unfortunately, those who did vote for him and admire his tactics have put us all at risk.

^Tough, they knew the risks they should have sold sooner, in any case they didn’t “loose” 70K they never had it.
You dont have the value of anything until you sell it, it doesn’t matter if it’s apples a car or Tesla shares^

This makes sense to me David43 in that shares don’t have any value per se until you cash them in ‘on the day’.

It does seem a bit like fancy gambling (to me).

Each to their own of course. I’ll never have disposable income to invest (play with)! Which is why I don’t understand it all much.

Surely Trump doesn’t need to buy a Tesla as he’s just been given one by Elon Musk.

Casdon

Unless they are self employed, most people don’t invest directly in stocks and shares to fund their pension pots, they rely on company pensions, which are invested on their behalf. The big difference between this fall in the stock market is that it has been directly inflicted by the government itself. Nobody knows if it is a temporary glitch, or will lead to a recession. It seems remarkably unsympathetic to claim that somebody who is losing large sums of money right now is just ‘smarting’. If I were imaround, or one of the millions in the same position I’d be b….y furious - and so would we, if this were the UK.

Thank you. You explain this much better than I did.

WE are not picking the stocks. All the money is lumped into a company, which is chosen by employers, and they invest.

So please, all of you, stop insinuating that we deserve this because we should have known the risk.

This stock market is being manipulated by the government. So what we would normally expect in terms of increases and decreases don't apply here.

And David, your post about being greedy shoes that you have no idea how retirement and 401ks work in the US.

Trump is prohibited from driving for the rest of his life.

FriedGreenTomatoes2

I think you’re smarting from a ‘loss’ in your shares capital iamaround and that is making you tetchy which I can understand. You’re disappointed. But it seems they may rise again. And also it seems (by those who understand the stock market on here - not me for sure) that after such highs (which maybe you’d come to rely on for your pension) a reset was overdue. That’s why here (and maybe American too I don’t know?) we are warned about such possible volatility. 🤷‍♀️

Well, you would be wrong. Again.

I did looks at a shares ISA recently you can choose High, moderate or low risk portfolio, as an alternative a cash ISA was offering 5% tax free at the time