move your money out of stocks and into cd's, cash, money markets ect.
preservation of capital is key. if you do nothing, kiss your money goodbye.
U.S. has 600,000 new millionairesMarch 16, 2011: 1:37 PM ETNEW YORK (CNNMoney) -- What recession? The millionaire population jumped in the U.S. by 8% last year,
fueled by the stock market recovery, according to an industry report on Wednesday.
The number of U.S. households worth at least $1 million rose to 8.4 million in 2010, compared to 7.8 million the prior year, according to a report by Spectrem Group.
http://money.cnn.com/2011/03/16/news/economy/millionaires/index.htm?source=cnn_bin&hpt=Sbin
http://www.getbig.com/boards/index.php?topic=620698.msg8619951#msg8619951 Market continues to hold support while waiting on election results. I anticipate a large selloff if Trump were to be victorious.
-NT
Billionaire George Soros reportedly lost nearly $1 billion during Trump rallyBillionaire George Soros
lost nearly $1 billion after the stock market surged following Donald Trump 's unexpected Nov. 8 election victory, The Wall Street Journal reported.
The hedge-fund manager's former deputy, Stanley Druckenmiller, however, foresaw the rally and gained a sizable profit, the Journal reported, citing people close to the matter.
The sources told the Journal
Soros was cautious about the market going into the election and became bearish after Trump won.
Stocks and Treasury yields jumped in the wake of Trump's victory, amid the prospects of looser regulations in certain sectors, lower tax rates, and fiscal stimulus.
Soros' hedge fund, Soros Fund Management, manages about $30 billion for Soros and his family. Soros was a supporter oof Hillary Clinton's campaign.
http://finance.yahoo.com/news/billionaire-george-soros-reportedly-lost-134916493.htmlMillennials bought leveraged gold ETFs after Trump was elected and got hammered: NYSE traderYahoo Finance Video • December 19, 2016
Bloomberg reports they piled into gold ETFs, some with leverage, after the election,
expecting Trump to trigger a risk-selloff. The opposite occurred and gold has dropped nearly 15% from the election-night high.
http://finance.yahoo.com/video/millennials-bought-leveraged-gold-etfs-183454148.htmlUS bull market becomes the longest on recordAUG 22 2018https://www.cnbc.com/2018/08/22/longest-bull-market-since-world-war-ii-likely-to-go-on-because-us-is-best-game-in-town.htmlInvestors think too highly of America, and Millennials have too much cash, survey findsNovember 5, 2018US investors think way too highly of America. Millennials have more cash than they need and not enough stocks. And
nobody actually thinks owning bitcoin is a good idea.
Those are some of the findings from a recent online survey of 1,000 investors conducted by asset management firm Legg Mason between late July and late August.
Michael LaBella, head of global equity strategy at QS Investors, a Legg Mason affiliate, said
he was surprised that investors remained so optimistic about the US stock market considering that the bull market will hit its 10th anniversary in March. This is one of the longest US bull markets ever, but the rest of the world hasn't performed as well over the past decade.https://www.cnn.com/2018/11/05/investing/legg-mason-investor-survey/