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Investment Culture
msj:
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?
guest4:
--- Quote from: msj on February 05, 2017, 12:16:39 pm ---
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?
--- End quote ---
My income is such that I invest in my mortgage and food, plus transit to get to work. But for you who know what you are talking about, the Mexican peso might be worthwhile: https://www.fxstreet.com/news/usd-mxn-mexican-peso-rises-to-the-highest-since-december-201702021938
Help Mexico resist Trump, and make money at the same time. Win/Win, right? :)
(Yeah, you are no doubt ROFL'ing at my investment advice)
msj:
I do have Mexico on my watchlist. EWW is an ETF that invests in Mexico: https://www.ishares.com/us/products/239670/ishares-msci-mexico-capped-etf
Currency investing is not my thing but if this goes cheapish then I will begin to accumulate.
msj:
I will mention TimeWarner.
Back in October (I think) AT&T indicated they wanted to buy TWX for $107.50.
So, I picked up some shares at $87 after thinking things through.
As the stock went up I decided to raise a stop limit.
Sure enough, I raised my limit to $96 and the price fell below that so my shares were sold -10% profit in 3 months.
This is one of those stocks where politics plays a role: will the regulators allow AT&T to buy out TWX?
CNN is owned by TWX so how does that play out with Trump?
I can see it selling, or not, under many different scenarios.
But it is one invesment that is out there for the picking.
cybercoma:
Investments!? Let the bourgeois parasites raise their own damn money.
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