Trump 2.0

[Wing_Stand_Wood]

Hong Kong stock exchange down a staggering 13%+ today, worst single day since 1997.

 

[Londonlisa2001]

My pension has had another hammering and the property market is probably taking a canning, ffs

Property is affected differently by stock market crashes depending on the underlying cause.

If the crash is caused a a generally awful economic situation then property prices tend to drop albeit there’s quite a lag and any drop is usually a lot less severe.

In this case, it’s been caused by an economically illiterate moron so if anything, property will be seen as a safe haven for money until markets are safe from his input. Added to likely reductions in interest rates and it is very unlikely to take any sort of caning, if anything, the reverse is true. Particularly given we live in a country where the fundamental issue is we don’t have anywhere near enough houses and you can’t build them very quickly.

Your pension is another matter. Although if you are close to retirement age, it shouldn’t be in risky assets to any extent. A policy followed by investors to protect against exactly this scenario. If you are some way from retirement it will come back up again as it’s entirely self inflicted and therefore can be reversed. Change of president should do it.

 

[Longlostjack]

Property is affected differently by stock market crashes depending on the underlying cause.

If the crash is caused a a generally awful economic situation then property prices tend to drop albeit there’s quite a lag and any drop is usually a lot less severe.

In this case, it’s been caused by an economically illiterate moron so if anything, property will be seen as a safe haven for money until markets are safe from his input. Added to likely reductions in interest rates and it is very unlikely to take any sort of caning, if anything, the reverse is true. Particularly given we live in a country where the fundamental issue is we don’t have anywhere near enough houses and you can’t build them very quickly.

Your pension is another matter. Although if you are close to retirement age, it shouldn’t be in risky assets to any extent. A policy followed by investors to protect against exactly this scenario. If you are some way from retirement it will come back up again as it’s entirely self inflicted and therefore can be reversed. Change of president should do it.

 

[Longlostjack]

MAGA v Wall Street - there’ll only be one winner.

 

[Longlostjack]

I wonder if the deal with Ukraine for the rare earth and other minerals was anything to do with getting a lot more lithium for his mate Musk.

It’s all gone quiet about Ukraine. The orange man has got off on tariffs and the drama. It’ll be Greenland next. He’s a junkie for drama.

 

[Niigata Jack]

Property is affected differently by stock market crashes depending on the underlying cause.

If the crash is caused a a generally awful economic situation then property prices tend to drop albeit there’s quite a lag and any drop is usually a lot less severe.

In this case, it’s been caused by an economically illiterate moron so if anything, property will be seen as a safe haven for money until markets are safe from his input. Added to likely reductions in interest rates and it is very unlikely to take any sort of caning, if anything, the reverse is true. Particularly given we live in a country where the fundamental issue is we don’t have anywhere near enough houses and you can’t build them very quickly.

Your pension is another matter. Although if you are close to retirement age, it shouldn’t be in risky assets to any extent. A policy followed by investors to protect against exactly this scenario. If you are some way from retirement it will come back up again as it’s entirely self inflicted and therefore can be reversed. Change of president should do it.

I retire two years November officially, my fund had dropped since the orange man came to power, its in a balanced fund, I'm still paying into it as well, not sure its worth it though, may be better stopping the direct debit just saving the money

 

[Niigata Jack]

It’s all gone quiet about Ukraine. The orange man has got off on tariffs and the drama. It’ll be Greenland next. He’s a junkie for drama.

He's a lunatic and a loose cannon, especially with Vance and Musk in tow.

 

[Robbie]

I retire two years November officially, my fund had dropped since the orange man came to power, its in a balanced fund, I'm still paying into it as well, not sure its worth it though, may be better stopping the direct debit just saving the money

Am there with my Private Pension tied into the Stock Market performances as I am invested in .

Had the choice of a more lesser rate and stay in my then Works Pension scheme or getting a better rate and higher interest going Independent . choose out and took a risk , my call .

Soon after COVID and Ukraine issues meant my funds went into negative growth and I took a hit off my Providers to balance their books , all repayed and all funds back up to a ok level for now at least .

Have not yet checked these latest actions and my current financial situation , maybe back in the red .

My FA tells me Markets will recover in the long term but it can be a bumpy ride .

An Independant Financial Advisor would be a good idea going forward .

 

[jack_lord]

It has been a bumpy ride since the

Am there with my Private Pension tied into the Stock Market performances as I am invested in .

Had the choice of a more lesser rate and stay in my then Works Pension scheme or getting a better rate and higher interest going Independent . choose out and took a risk , my call .

Soon after COVID and Ukraine issues meant my funds went into negative growth and I took a hit off my Providers to balance their books , all repayed and all funds back up to a ok level for now at least .

Have not yet checked these latest actions and my current financial situation , maybe back in the red .

My FA tells me Markets will recover in the long term but it can be a bumpy ride .

An Independant Financial Advisor would be a good idea going forward .

It has been a bumpy ride since the tech crash in 2001. There was some decent growth in the few years up to 2013 but it has been a car crash since. My Allianz thing was still worth 10% less than its 2013 figure two weeks ago. I can't even look at what it is now as I was about to withdraw it.
Personal pension will hopefully recover long term but the problem for many is that drawing it down is a more urgent timeframe.

 

[Wing_Stand_Wood]

It has been a bumpy ride since the

It has been a bumpy ride since the tech crash in 2001. There was some decent growth in the few years up to 2013 but it has been a car crash since. My Allianz thing was still worth 10% less than its 2013 figure two weeks ago. I can't even look at what it is now as I was about to withdraw it.
Personal pension will hopefully recover long term but the problem for many is that drawing it down is a more urgent timeframe.

One crumb of comfort i.e. currently the situation looks nowhere near as bad as the 'credit-crunch/subprime mortgage crisis' of 2008, that was off the scale scary.

I can vividly remember watching 'run on the bank' ITV News coverage, when Northern Rock savers were queueing outside a local branch to get all their money out of their accounts, for fear of losing their entire life savings. Surreal that to this very day!

I can also vividly remember a person I knew, whom was unable to cash in a get-rich-quicker/higher-risk "all eggs in one basket" AXA Property Fund, because of withdrawal deferral to prevent a run on that fund also.

The current situation is nowhere as near as scary as that, but the uncertainty does not do the markets any favours.

On a positive note tariffs can be negotiated/renegotiated, and the fact that nobody in the U.K seems to be all that keen on escalating a trade war anyhow.

 

[monmouth]

One crumb of comfort i.e. currently the situation looks nowhere near as bad as the 'credit-crunch/subprime mortgage crisis' of 2008, that was off the scale scary.

I can vividly remember watching 'run on the bank' ITV News coverage, when Northern Rock savers were queueing outside a local branch to get all their money out of their accounts, for fear of losing their entire life savings. Surreal that to this very day!

I can also vividly remember a person I knew, whom was unable to cash in a get-rich-quicker/higher-risk "all eggs in one basket" AXA Property Fund, because of withdrawal deferral to prevent a run on that fund also.

The current situation is nowhere as near as scary as that, but the uncertainty does not do the markets any favours.

On a positive note tariffs can be negotiated/renegotiated, and the fact that nobody in the U.K seems to be all that keen on escalating a trade war anyhow.

We have nothing to fight with in a trade war with the USA. That's why he 'only' slapped on 10%.

Overall, most might have to do a bit of kowtowing now, but the answer over time is for everyone else to work around the USA and never trust it again. You can't deal with a narcissistic game show host, and there'll be another wannabee king along after him now he's lit the fuse, so hopefully that will concentrate minds and stop breaking of ranks. Who knows where this goes?

 

[Wing_Stand_Wood]

We have nothing to fight with in a trade war with the USA. That's why he 'only' slapped on 10%.

Overall, most might have to do a bit of kowtowing now, but the answer over time is for everyone else to work around the USA and never trust it again. You can't deal with a narcissistic game show host, and there'll be another wannabee king along after him now he's lit the fuse, so hopefully that will concentrate minds and stop breaking of ranks. Who knows where this goes?

Financial expert Louise Cooper appeared on ITV news yesterday, and she did seem rather perplexed (maybe even aghast?) as to why it seemed that only 'ONE' person is indeed in charge of executive decision making. Trump being that person.
She asked where is the rest of congress, and where are the legislators? It does rather look like its a "one man show" of late.

 

[monmouth]

Financial expert Louise Cooper appeared on ITV news yesterday, and she did seem rather perplexed (maybe even aghast?) as to why it seemed that only 'ONE' person is indeed in charge of executive decision making. Trump being that person.
She asked where is the rest of congress, and where are the legislators? It does rather look like its a "one man show" of late.

I think I read somewhere that he's using emergency powers that were never meant for this and trampling all over the constitution, using executive orders to bypass the senate and house.. It's become the norm. If 'leaders' ignore laws and constitution or in this country the notion that we 'play fair' (there's no written constitution) then they've realised they can do whatever the hell they want. Trump is just the ultimate product of that thinking. Cummings using Johnson in a similar manner was our example. In the end they just shit all over everything in the name of 'disruption' and someone else is left to clean up the mess. With all the Trump wannabees around, this mess will probably outlive me.

 

[Nottinghillbilly]

Mate of mine is a Big Market Maker in the City said London and Frankfurt delivered statement Bullish Hammers at the London Open yesterday. New York likewise, at it's Open.

There'll be more toing and froing and expect a decent 'W' on the back of the Bulls momentum drive. Buy the Dips, Sell the Peaks (of the 'W') is the play. And watch out for them Bears, lurking just a little higher at 8000-8225

 

[TheLoneRanger]

Elon Musk rips ‘moron’ Trump trade adviser Peter Navarro: ‘Dumber than a sack of bricks’

Billionaire Elon Musk escalated his attacks against White House trade adviser Peter Navarro Tuesday, calling him a “moron” and “dumber than a sack of bricks.”

nypost.com