I usually don't let politics or even ethics influence my investing but I will confess that I am feeling dirty right now.
With a Goldman Sachs guy standing over Trump's left shoulder the other day we have seen the gutting of the Dodd's -Frank Act. https://www.theatlantic.com/business/archive/2017/02/trump-dodd-frank/515646/
Not that I'm necessarily a fan of the act but this is a thread about investing.
The reason I feel dirty is because I have been profiting off of Trump.
I own XLF with 10% of its holdings in JP Morgan and 3% in the devil, er, I mean Goldman Sachs.
At any rate, I have been slowly moving my US positions to cash and I am now thinking this:
Since the US is clearly moving from a developed nation with respect for law and order for all, to a developing nation / banana republic status would I not be better off to simply move my US investments into cheaper emerging market investments?
But if the EM do turn out to be the better performing invesments over the next 10 or 15 years then was it because of the changing political climates or because they were the cheaper invesments.
Meh, whatever. Think I will buy some cigarrette peddlers instead.
With this BS preamble now over, what are you investing in?
A political party that's willing to tax the snot out of you and your filthy investments.
Nothing personal.
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