2020 tax cut?

Discussion in 'Investing' started by TomB16, Sep 3, 2019.

  1. TomB16

    TomB16 Well-Known Member

    Joined:
    Jun 22, 2018
    Messages:
    4,272
    Likes Received:
    2,629
    We made out very well with a couple of stocks that had extensive German holdings during the annual summer Greek financial crisis of the 2010s. I held the company since 2009 and it dropped wildly each time Greece was in crisis and then it soared when Greece was bailed out.

    We bought heavily at the low in 2012; again in 2014, 2015, 2017.

    We literally picked up a 30% discount on big chunks of this company on four occasions. It was one of the best financial moves we've made.

    Now that rather sizeable chunk of a distributing company stuffs cash into our portfolio each month.



    This group should be trying to determine relevant events and possible outcomes.

    2020 election: Trump wins? What will happen to the market?
    Democrat wins? What will happen to the market?
    What is the risk to hold across the election?

    European financial stability: How much impact does Europe have on North America?
    What will be the next major event? (Italy is looking in rough shape)
    What happens if Deutche Bank becomes distressed?
    What happens if Deutche Bank becomes distressed and is bailed out by the federal government?

    etc.......
     
  2. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    @TomB16
    Leading up to a Presidential election, we usually go sideways or down. Right after the election, we go up.
     
  3. TomB16

    TomB16 Well-Known Member

    Joined:
    Jun 22, 2018
    Messages:
    4,272
    Likes Received:
    2,629
    It's enlightening to see how different people view reality. This is perhaps the most powerful aspect of belonging to a group such as this.
     
    OldFart likes this.
  4. dethfire

    dethfire New Member

    Joined:
    Feb 1, 2018
    Messages:
    14
    Likes Received:
    19
    I expect Trump to do everything possible to keep the economy and stock market "looking" healthy even if it screws his second term. Would a smart long term investor sell into the election, knowing one way or another the economy is likely to correct in the next presidential term no matter who is in office?
     
    TomB16 likes this.

Share This Page