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Personal Finance and Investing

lastlib

(24,964 posts)

5. My recommendation to another DUer asking this: Don't do anything right now...

Reply to bif (Original post)

Wed Nov 6, 2024, 07:55 PM

Nov 6

..that you wouldn't have done if Kamala had won. There is still time to accumulate some gains before The Felon ruins everything. Sock away those gains, and be ready to lock them in when the trump hits the fan. If you sell out of fear, you're just setting yourself up for a big tax bill, and forfeiting those potential gains. We all may need every dollar we can grab. The next decade could be ugly.

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Someone recommend moving money into Money Market Funds [View all] bif Nov 6 OP

I'm putting mine in CDs we can do it Nov 6 #1

If you look at the holdings of any Money Market fund, it is chock full of CD's A HERETIC I AM Nov 6 #4

Did Vanguard just transition your funds to a different type of portfolio Diamond_Dog Nov 6 #2

In about 2 years I'll be moving everything I can into... yourout Nov 6 #3

Do you think it will take that long with this administration? nt Ferrets are Cool Nov 8 #10

My recommendation to another DUer asking this: Don't do anything right now... lastlib Nov 6 #5

High yield savings accounts give better returns and are also F.D.I.C. protected. The safest is U.S. treasury bonds. 3Hotdogs Nov 6 #6

I've been in index funds for ages bif Nov 7 #8

Maybe move no more than 10% into money market as an emergency fund. 3Hotdogs Nov 7 #9

Thanks for all the great advice bif Nov 7 #7