There are many more reasons to be pessimistic than optimistic. I won't be entering the market until I see what transpires in the next 3 months. But, I'm betting things won't look good as the backlog of 'optimism' wears out, the economic reality sets in, and the unemployment costs set in. That's not to say there won't be outliers (CBD stuff, remote working, etc), but the traditional stocks will drop.We had a good 2020 thread, so here's an updated one.
Ending the year on record highs, will the party continue? With a Democrat trifecta in congress, will we see more individual stimulus that powers the market?
As of today, marijuana stocks are skyrocketing in anticipation of legalization.
Trying to figure out how greedy to get on US Steel (up 47%) and GE (up 45%) ... sold my bank stocks (JPM and WFC) yesterday, oops.
Worse problems to have but yeah having money stuck making no interest sucks, I think my savings acct is making 0.2% or something stupid like that.My "retirement gain" for 2020 was 16%. I didn't make any changes to any of my investments this year besides a rebalance at the start of the year.
The one piece that sucks is that I have a years worth of emergency fund sitting in a savings account earning 1/2%. The good news is that I didn't have to use the mergency fund.
Goldman Sachs predicts that Biden will now get $600 billion of additional stimulus (3% of economy) but only 25% of the tax increases that he promised. In other words, the party on Wall Street can continue because the Democrats won't keep their promises to undo Trump's tax cuts for corporations and wealthy individuals.
Goldman Sachs Predicts Another $600 Billion Stimulus If Democrats Win In Georgia
Bigger stimulus checks and student loan relief could be included.www.forbes.com
Goldman Sachs predicts that Biden will now get $600 billion of additional stimulus (3% of economy) but only 25% of the tax increases that he promised. In other words, the party on Wall Street can continue because the Democrats won't keep their promises to undo Trump's tax cuts for corporations and wealthy individuals.
Goldman Sachs Predicts Another $600 Billion Stimulus If Democrats Win In Georgia
Bigger stimulus checks and student loan relief could be included.www.forbes.com
83% of my networth (does not include house or non cash assets) is in 401k and ESOP, does that % seem high?
My "retirement gain" for 2020 was 16%. I didn't make any changes to any of my investments this year besides a rebalance at the start of the year.
It would be nice for this thread to not get banished to the cave.And I have no doubt Joe will increase taxes on those making over 400,000 but the corporations and mega-wealthy will find ways to duck and dodge per usual making the net gain in revenue marginal. Let's hope I'm wrong.
83% of my networth (does not include house or non cash assets) is in 401k and ESOP, does that % seem high?