So, do I sell because he’ll keep wrecking the economy, or do I hold because he’ll keep backing down? What do the licensed financial advisors here, acting in their professional capacity and accepting full legal responsibility for the consequences, think?
Personally I sold a lot of my “total” market etfs/stocks and bought into staples/utilities/dividends just cause I’ve always seen those as safeish.
I’m keeping a lot, probably more than I should, in cash expecting things to get worse. I fear I may need the cash or can buy when things get worse, but that puts me at larger risk for inflation (which seems more and more likely). However, I’m not sure what would be protected from inflation at this point (maybe gold?).
So, do I sell because he’ll keep wrecking the economy, or do I hold because he’ll keep backing down? What do the licensed financial advisors here, acting in their professional capacity and accepting full legal responsibility for the consequences, think?
Most of the time they say “Pay me 2% of the value of your portfolio for me to give you that answer”.
They say “what legal responsibilities?”
Personally I sold a lot of my “total” market etfs/stocks and bought into staples/utilities/dividends just cause I’ve always seen those as safeish.
I’m keeping a lot, probably more than I should, in cash expecting things to get worse. I fear I may need the cash or can buy when things get worse, but that puts me at larger risk for inflation (which seems more and more likely). However, I’m not sure what would be protected from inflation at this point (maybe gold?).