<More likely that Harris/Biden will confiscate our IRA's and 401Ks and substitute them for
1% Government bonds.>
No reason that can't be part of the picture. IMO, it's not an either/or choice.
Nor would it stop the stock market longer term. Not ALA the 1% - especially the 1/10 of 1% - continue to have a large fraction of their net worth in stocks. Why? Because they're the Harris/Biden, Democrat & RINO. puppeteers. For example. Do you know who GOP congressman Jim Jordan's 2nd largest campaign contributor is? Google.
So, if necessary? The FED will buy the quantity of stock replaced by 1% yielding bonds in 401k & IRA accounts. It doesn't matter, ALA the dollar continues to be the sole reserve currency. That could change in the next year or two, though I doubt it.
One other thing. Makes no difference to me personally. Own no stocks. Capital is in several, unleveraged, self managed, private equity portfolios where I have life long expertise. Discussed them, for years, on my own board. Important to add that I'm not selling a newsletter, or investment advice. Just enjoy talking with friends about that fact the investment universe doesn't begin & end with stocks & real estate.
I'll bet more than a few people, on this thread, would be surprised to find they also have specialized expertise that they could use to build self managed private equity investments, entirely different from mine. Could be large or small. Heck, I'm no mogul.
Iso |
