A pair of Long Island Trump voters visited Ireland recently. I think they were in their late 60s / early 70s. It looks like the current administration will be downsizing or disbanding the organisation their daughter works at and she’ll likely lose her job.

Some other changes made by this administration mean that several of their investments are losing value. So they’re very unhappy about him being in power now, although apparently the rape thing and being an overall creep was never an issue.

Anyway, Id’ read that people like this exist and never actually saw / heard them before. It’s real folks. They don’t seem particularly bright but it seems they’ve done well for themselves in life.

  • WhatYouNeed@lemmy.worldEnglish
    22·
    2 days ago

    Moved my retirement fund from stocks to all cash yesterday. Orange doofus is going to cause even more issues for stock markets in the next few weeks.

    • PillBugTheGreat@lemmy.worldEnglish
      2·
      2 hours ago

      Not financial advice. If you do this, you need to leg back in over a period of time. Like move 5% weekly or biweekly or monthly back to your normal mix. If not, you will likely miss the dip you were hoping to game into.

    • gigachad@sh.itjust.worksEnglish
      263·
      2 days ago

      Maybe or maybe not. Being long-term invested (>15 years) will solve this issue for you. Studies suggest you probably realized a loss and will also miss the entry point when stocks are going up again. Remember folks, time in the market beats timing the market.

        • SolacefromSilence@fedia.io
          8·
          2 days ago

          If you went to cash, perhaps you should move to treasuries instead to get 4-5% return in the meantime?

          Otherwise, find mutual funds with exposure to euro markets to stay in the game. Time in the market will outperform timing the market. The market can remain irrational longer than you can afford to stuff cash under your mattress.

          • TonyOstrich@lemmy.worldEnglish
            1·
            5 hours ago

            That’s what I did with my 401k and IRA. My actual concern is with the US Dollar itself, hence not wanting it to be cash. This seemed like the best hedge/option for now.

          • musubibreakfast@lemm.eeEnglish
            5·
            2 days ago

            My advice would be to become an arms dealer or to hire an expert hacker but all my financial know-how comes from 80s action films.