US Stock Market

[SAPPORO]

It's finally here!
https://www.cnbc.com/2024/11/02/harris- ... lenge.html
I could use a mild recession so there are some MAGA foreclosures around me and the mortgage rates also go down. The only candidate that can deliver that is Donald J Trump with his erratic economic policies! We can also gobble up equity for cheap, it has been going up for too long! Even Elon concurs with me on this!
https://abcnews.go.com/US/elon-musk-tru ... =115316405

[Returning_Indian]

South of US is already going down big time in terms of house price crash. I already see deals on market from investors at about 20-30% discount and some even more. Texas, Florida are leading the pack. North is still faring better. Rates have not come down even after fed rate cuts, infact they have gone up higher and touching 7% now. That is not a good sign for economy overall. Let's see how housing behaves in next one year. But then it's coming from insanely high prices in last few years.

[Returning_Indian]

Stock market is going up. They are expecting Trump to win. Unbelievable.

[SAPPORO]

Stock market is going up. They are expecting Trump to win. Unbelievable.

Stock market has been going up for a couple of years now To be exact, S&P 500 has gone up 53% since Nov 4, 2022!

[Returning_Indian]

I am not an expert but from what I have heard from other 'experts', market will go up if Trump wins but come down if Harris wins. Hence, treating this day movement as a predictor on who market thinks will win.

[JINSAKAI]

SAPPRO’s bet on DJT paid off

[SAPPORO]

SAPPRO’s bet on DJT paid off

I was hoping it would reach $100 today but it doesn't look like it, maybe T will be only using his friend's platform! Not sure when the dump would happen, hopefully not at 4 AM when the emperor sits on his throne and rest of us are asleep

[SAPPORO]

On the flip side, I bought some Pfizer in case he lost and that's tanking. In all probability, vaccines and a lot of medicines and funnily fluoride in water might be banned when RFK Jr takes charge of health.

[soxfan]

(Checking back in the forum after a long time - miss the old forum, bigly)

With DJT elected - stocks are on steroids; not sure how long this will sustain. Last time, his administration was chaotic, not sure how different it would be this time. About their stated policies: deportation, tariffs, deregulation, variety of tax breaks and other populist schemes - these all can lead to wild swings to the market. this is all assuming that they actually stick to the pre-election noise - no one can predict what he says or does next. Overall, very interesting times ahead - any one changing their longish (2+ years) investment strategies/plans based on the election result? What investment moves are you planning to make and why?

My plan:
Not changing much immediately but plan to reduce exposure to leveraged etf's (TQQQ, UPRO) and individual stock allocation in big-tech names (FAANG). BTW this has always been the plan - to change my over aggressive portfolio into a bit more conservative - now I feel its high time. want to manage risk in a possible high-volatile market (after the initial honeymoon period). Plan is to rebalance and move into more conservative etfs over a five-six month period and reassess after that. Feel free to critique my plan.

[SAPPORO]

(Checking back in the forum after a long time - miss the old forum, bigly)

With DJT elected - stocks are on steroids; not sure how long this will sustain. Last time, his administration was chaotic, not sure how different it would be this time. About their stated policies: deportation, tariffs, deregulation, variety of tax breaks and other populist schemes - these all can lead to wild swings to the market. this is all assuming that they actually stick to the pre-election noise - no one can predict what he says or does next. Overall, very interesting times ahead - any one changing their longish (2+ years) investment strategies/plans based on the election result? What investment moves are you planning to make and why?

My plan:
Not changing much immediately but plan to reduce exposure to leveraged etf's (TQQQ, UPRO) and individual stock allocation in big-tech names (FAANG). BTW this has always been the plan - to change my over aggressive portfolio into a bit more conservative - now I feel its high time. want to manage risk in a possible high-volatile market (after the initial honeymoon period). Plan is to rebalance and move into more conservative etfs over a five-six month period and reassess after that. Feel free to critique my plan.

The markets are rallying more because the elections are over than the fact that DJT got reelected. In fact, the stock markets rallied the highest ever until the year-end by 11.48%, when Trump was defeated in 2020. When Trump won in 2016, the year-end return from the election date was 4.64%.
https://www.cnbc.com/2024/11/04/what-th ... story.html
So, one should not get carried away with the current irrational exuberance and invest any fresh money at these highs. The poster child of this is TSLA with sales down in every qtr this year compared to last year, possible huge tariffs on its cars by EU and China, mpg requirement to be slashed by Trump admin making ICE cars more affordable and "Drill baby, drill". The only reasons it could still be going up are if Trump mandates that every American should buy a Tesla car and/or he makes 'yuuge' rebates available for Tesla cars that it can be almost bought for free.

The conservative approach suggested by you is good considering the expected volatility especially if you're closer to retirement.