- Tue Aug 01, 2017 8:23 am
#91831
Clown, you misunderstood my post.
Everybody has to invest under a variety of presidents if you are a steady, long-term investor.
The bad economic news of 2008 led to historic low interest rates which naturally boosted stocks, so I took advantage of that.
Throughout 2016, I strongly suspected Trump would win easily and so I prepared for the stock market to like that.
Pundits on CNBC and in the WSJ fretted that Trump might be bad for stocks because markets hate uncertainty, but that always seemed like a nutty take.
Do I think the market could tank if, for example, the business tax cut is halted by fake Republicans such as McCain?
Sure, could happen, but Charlie Munger gave the sage advice not to invest if you cannot tolerate a 50 percent slash in stocks.
50 percent.
If you can stomach that and remain in, you are ready to invest per Munger.