As a trader and investor..today has been special day to make money...it will be very difficult to continue to do so going forward if you are not a trader:-)
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100% cash +gold,but I cant say Im a happy camper---Thank God I dont have to live there.--but I aint fooling myself that it will not affect things here
Wait till all those people over there realize he aint got a hope in Hell at getting their jobs back
I liquidated all market positions very late this afternoon, I simply was not prepared to wear the capital risk when leading bookmakers had Trump at $1.01 to win. In the unlikely event of Clinton pulling off a miracle comeback I'll be very happy to reinvest some funds down the track a bit but I think Trump is a catalyst for serious trouble for the market going forward.
99% cash and 1% silver. I am not happy either but relieved to be taking a break from the never ending merry go round that is the sharemarket.
I imagine our property investments won't be immune to the effects of Trump winning but at least we have no direct share market exposure for the immediate future to worry about.
NZ dollar also may drop against basket of currencies. Commodity including oil prices also will go down further. Current situation will make winners as well as losers. In any market situation, intelligent investors will become winners.
You know when news people start saying things like ''the sun is still going to come up tomorrow'..that things are bad.:ohmy:
Sure but here's the most important lesson for new investors: don't ever ever ever have most of your cash tied up in nz investments. If you work here, you have enough exposure to the nz economy. Invest off shore. Nz dollar is dropping now significantly.
My biggest exposer is to property (didnt even think to put that) but yes,It could take a hit. We'll always get by though and a drop would obviously be good for many. Those things take time though.--Who knows ,it may go up when all those Americans come to get away from USA.
One expert predicted if Trump won he would be impeached in the first 6 mos. (violating constitution)
Theres no getting around the fact though, that its frightening. Even if he cant end up doing all those horrible things,-the majority of the most powerful country in the world are on board with him as their leader..with that kind of mindset.---There are no more barriers to just about anything