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  1. #1
    Registered User scheal's Avatar
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    What financial precautions will you take

    If it unfortunately looks like Biden could win. Apart from the social destruction that will take place how bad will the financial hit be?


    https://finance.yahoo.com/news/joe-b...173751982.html

    The former vice president has put forth reversing half of the president’s signature tax cuts, lifting the statutory rate to 28%. Investment bank Credit Suisse estimates this change in taxes would increase the effective rate by 4% to 5%, and slash $9 off estimated S&P 500 earnings per share. Goldman Sachs has projected that Biden’s tax plan would lead it to reduce its 2021 earnings estimate by 12%.
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  2. #2
    Registered User PermaBulk610's Avatar
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    Idk. Isn't this always what the projections are for a new president? Nevermind Biden, all of the failed small business carcasses and foreclosed homes or evictions will have a much bigger impact than Biden would if none of this ever happened.

    To be fair, Bush (republican) was president during the housing collapse. Obama (democrat) was in office during a historic bull run. If Biden = Obama, well be fine. If Biden is persuaded to swing hard left, then we're screwed.
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  3. #3
    Registered User Robert00's Avatar
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    Gosh, I don't have a clue what the financial impact will be. There have been several "catastrophic" events over the past couple decades (9/11, housing crisis/recession, and both the Obama and Trump elections) and the country has not only weathered the storm but continues to set new heights. And in every instance there are always strong critics on both ends of the spectrum. It gets confusing as hell. That's why I never make any quick or short term decisions and just stick with the long game.
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  4. #4
    Transracial gigaTyrone elterrible987's Avatar
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    real estate market has to get wrecked, it just has to. Everywhere had local restrictions on evictions for like 3 months, all those landlords getting cucked hard after 20% unemployment hit, they have to boot these people and there will be people selling and less employed people buying, it will take time for the domino effect to catch up.
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    Proud Dad 5x10's Avatar
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    If I really thought biden can win, I would sell all my stock and short the market
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    Registered User ghostfacedup's Avatar
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    Originally Posted by PermaBulk610 View Post
    Obama (democrat) was in office during a historic bull run. If Biden = Obama, well be fine. If Biden is persuaded to swing hard left, then we're screwed.
    Have you seen his proposals? were screwed if he wins
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  7. #7
    mreatassbtchslapr hoganrulz's Avatar
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    Read on the news today the market will go up
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    SillieBazzillie Alt #5 StoliFun's Avatar
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    Originally Posted by 5x10 View Post
    If I really thought biden can win, I would sell all my stock and short the market
    ^^ This. It will be the End Times. O-Biden brutally destroyed the economy in 2008-2016. All of us are lucky to have made it out of that admin alive. Many of us still have scars from when we were unemployed and had to fight packs of wild dogs for scraps of squirrel meat to feed our families, all while the Elite Democrats and their Medicaid- and SNAP-addicted voter base fatted themselves on caviar and grassfed beef. Trump only barely managed to prevent a 2016 Depression. When the stock market wakes up on Nov 4th and sees that Marxist Joe Biden has won and will be rolling in with his Bolshevik Army, you can expect an economic downturn 10-37x worse than we experienced during the first O-Biden admin.
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  9. #9
    Registered User RIKTER's Avatar
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    LOL@ REeeeeeeing about whats going to happen to corporate America if Biden wins.

    Pro Tip: Wall St isn't worried as they are backing and funding him, but its nice for the plebs to care so much about them.
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  10. #10
    Registered User AriGhold's Avatar
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    Oh no, corporations won’t have quite the incentive to buy their own stock back...
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  11. #11
    Fuk off, Lahey! LargePeter's Avatar
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    No tipping seems like a good way to protect your extra cash
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  12. #12
    Registered User AriGhold's Avatar
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    Originally Posted by LargePeter View Post
    No tipping seems like a good way to protect your extra cash
    Ironic coming from a guy who seems like his only interaction with girls is tipping their onlyfans accounts...
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  13. #13
    Caucasian AlBHappy's Avatar
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    Originally Posted by AriGhold View Post
    Oh no, corporations won’t have quite the incentive to buy their own stock back...
    Why shouldn't they? They went public to raise money. similar to paying off a loan. IDIOT


    I'm thinking of going all cash and then gobbling up every piece of good real estate I can find in Naples, FL. Get that free cash flow going with tenants.
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  14. #14
    Registered User ScottTil's Avatar
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    Not much, anything that i save I put into savings now rather than stocks.
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    Platinum User chaunce54's Avatar
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    I'm more concerned about the government's new power to shut down businesses at will...
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    Registered User AriGhold's Avatar
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    Originally Posted by AlBHappy View Post
    Why shouldn't they? They went public to raise money. similar to paying off a loan. IDIOT


    I'm thinking of going all cash and then gobbling up every piece of good real estate I can find in Naples, FL. Get that free cash flow going with tenants.
    taking out debt to buy back stock isn’t really a wise investment strategy. There is a reason why corporate America was in such bad shape pre-pandemic despite how everyone said this was the best economy ever.

    Who would have thought being over-leveraged and lacking liquidity could come back to bite you in the ass?
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  17. #17
    Registered User chalup's Avatar
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    Originally Posted by LargePeter View Post
    No tipping seems like a good way to protect your extra cash
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    And theres no me looking. Theres just looking.
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  18. #18
    Registered User ImBunky's Avatar
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    Originally Posted by LargePeter View Post
    No tipping seems like a good way to protect your extra cash
    Tipping is racist, please stop immediately.
    https://www.forbes.com/sites/rakeenm.../#51b07ac16a66
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  19. #19
    Banned SteadyFlexOnU's Avatar
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    Biden is NOT gonna win 😂


    Lol msm misinfo
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    Registered User ltsOgre's Avatar
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    Two severe recessions in a row preceded by Bush's lost decade. At least this point we need to think long term to avoid permanent damage to the economy, not about the stock market next year. Biden is the president to do that.
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  21. #21
    Registered User TonyNail's Avatar
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    Democrats, since the Clinton administration, are just another party that represents Wall Street corporate interests. There is no real party for the 'people'
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    Platinum User chaunce54's Avatar
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    Originally Posted by lolpotatos View Post
    You should be just as concerned about the willingness of your fellow citizen to enact terror on you for going against the grain.
    I can deal with that on my own.
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    Spurs/Bills/Yankees GooBaaa's Avatar
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    I've been putting my money into ammo
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    ill do nothing cause we all laughed at the morons who panic sold everything after trump won.

    now if liz warren/bernie get a position where they just want to destroy the economy, time to run boyos.
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    Fuk off, Lahey! LargePeter's Avatar
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    Originally Posted by AriGhold View Post
    Ironic coming from a guy who seems like his only interaction with girls is tipping their onlyfans accounts...
    tell me more about onlyfans, cuck
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    Originally Posted by GooBaaa View Post
    I've been putting my money into ammo
    this

    nothing else matters once the rule of law is diminished and we go back to the laws of nature
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    Originally Posted by LargePeter View Post
    tell me more about onlyfans, cuck
    lmfao right? ari acting like he talks to females...only female he talks to here is sillie and tammie
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    Originally Posted by TonyNail View Post
    Democrats, since the Clinton administration, are just another party that represents Wall Street corporate interests. There is no real party for the 'people'
    This.

    Both parties really represent the business interests that fund their campaigns.
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  29. #29
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    Originally Posted by ltsOgre View Post
    Two severe recessions in a row preceded by Bush's lost decade. At least this point we need to think long term to avoid permanent damage to the economy, not about the stock market next year. Biden is the president to do that.
    Honestly yeah I agree. We need to balance our federal budget and quit fuking around with global wars n shyt. Biden's method of doing this will be bad for the overall economy though which will push a lot of boomer retirement accounts down and force them to stay in the workforce longer potentially. Could also see some wage growth halting and potentially reversing as well...
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  30. #30
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    I don't believe anything regarding economic projections. None of these people know anything. It's all political. It was when Trump was getting elected, and it is now. Projection/modeling "science" is largely horse ****.
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