Author Topic: Investment Culture  (Read 1346 times)

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Offline SirJohn

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Re: Investments
« on: February 05, 2017, 06:43:04 pm »
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.

I'll do you better. I own actual stock in Goldman Sachs, along with Bank of America and JP Morgan. I admit that I've been moving money into relatively secure areas like real estate investment trusts and Canadian restaurant investment trusts like A&W and Pizza Pizza over the past month as the instability of the Trump government becomes more obvious. There is no way of knowing when he'll do something like attack Iran or North Korea, which makes me consider getting out of the market entirely. On the other hand, there's no other game in town. You can't even make enough on bonds to cover inflation, assuming bonds don't lose value,  and standing on the sidelines out of fear of something happening isn't my  thing.
« Last Edit: February 05, 2017, 06:45:08 pm by SirJohn »
"When liberals insist that only fascists will defend borders then voters will hire fascists to do the job liberals won't do." David Frum
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