One would have to imagine that President @realDonaldTrump’s phone has been ringing off the hook. The practical reality is that there is insufficient time for him to make deals before the tariffs are scheduled to take effect.
I would therefore not be surprised to wake up Monday with an announcement from the President that he was postponing the implementation of the tariffs to give him time to make deals.
President Trump has gotten the world’s and our trading partners’ attention and elevated the importance of resolving an unfair tariff regime that has harmed American workers and decimated our industrial base over many decades.
This is a critically important issue that needs to be resolved, and we finally have a president committed to getting this done.
The problem, however, can’t be resolved in days, so why wouldn’t a pause make sense to give the president time to properly resolve this critical issue and to allow companies large and small the time to prepare for changes in their supply chains?
The risk of not doing so is that the massive increase in uncertainty drives the economy into a recession, potentially a severe one.
One thing is for sure. Monday will be one of the more interesting days in our country’s economic history.
@BluChipsNBinkys@Alice_MiaX I believe it’s a reduction in overall margin used. Still increases your “Total Individual Value”. Same is to be said if you sell a stock/option while using margin
This is an incredible must watch interview about @DOGE , government waste and fraud, and how we are fixing the problem. Watch this and ask yourself how anyone other than a beneficiary of government fraud can be opposed to the work of @DOGE.
Thank you @DOGE!
@QuincyAvery@Cdrizzyy21 No offense. But you need a new financial advisor. If I was given $2m at 23 years old. Let’s say you take home $1m after taxes. Live off $500k for living expenses for the next 5-10 years. Investing $500k at 7% for 30 year would yield you $3.8m on that initial $500k investment.
@elonmusk Well maybe you still need the taxes for now but once the deficit is paid down over time and the government starts running a surplus, then start thinking about ways to infuse money into the economy to spur further expansion
I think we can all agree on a few things:
We have $36 trillion of national debt growing at a rapid rate, that must be refinanced and issued at a materially higher interest rate as our bonds come due and as new funds are needed.
We had a $1.8 trillion deficit in fiscal 2024.
There is an enormous amount of fraud, waste, and inappropriate spending in our government budget.
It is illegal and/or otherwise should not be permitted for our government to fund activities that it cannot do directly through NGOs and other non-profits.
@elonmusk has a proven ability to takeover dysfunctional organizations and turn them into highly functioning ones while massively reducing wasteful overhead and other spending. See Twitter.
@realDonaldTrump won the election with a mandate for eliminating wasteful government spending and ending regulations that interfere with our country’s progress.
President Trump announced during his campaign that Elon would be appointed to oversee @DOGE. In other words, the American people voted for and signed up for DOGE and Elon as its leader.
We are extremely fortunate to have one of our greatest business leaders and entrepreneurs devote a considerable amount of his limited time for free to help our country.
We are extremely fortunate that some of our most talented young people have signed on to help DOGE succeed.
DOGE is just getting started and has already identified a massive amount of waste and likely fraud, and has begun cutting a material amount of costs.
It is axiomatic that those who are beneficiaries of waste, fraud and unnecessary government spending will be the most threatened by the cuts that DOGE is making in these programs. These beneficiaries of waste and fraud are also extremely worried about the reputational, legal and potential criminal risk they will suffer by being exposed by DOGE.
The beneficiaries of government waste, fraud and inappropriate spending will protest loudly and state false reasons for why DOGE must be stopped because their careers and livelihoods are threatened and put at risk by DOGE’s success. I have seen this movie many times before, but in the corporate world.
The president has stated clearly that he is overseeing DOGE’s activities and that no important decisions will be made without his consent.
Our legal system will ensure that no laws are broken as DOGE executes on its important mission.
Other efforts over the last many decades to eliminate government waste and fraud have totally failed.
DOGE is our best hope for fixing our fundamentally flawed and highly ineffective bureaucratic system for running our country.
Elon and Trump will face enormous pressure and pushback from those who benefit from the current corrupt system.
All Americans must therefore make their voices heard loud and clear about how much they support DOGE, Elon and our president’s efforts to help our country. We cannot let DOGE fail as our country is rapidly on the path to insolvency.
Let’s not let our country down. Let’s do our part in making sure our Congressmen and Senators know that we are 100% behind the president, Elon and DOGE.
It’s the least we can do.
@CB30A1@Alice_MiaX@YieldMaxETFs@roundhill@kurvinvest@NEOSInvestments@REXShares Curious to see your statistics here. S&P has gained ~10% on average over the last 30 years (~7% adj for inflation). To her point- some of these ETFs are pulling 20-40% yield. If that drops, move onto ETFs in other sectors. ETFs are supposed to hedge drastic market swings
@finguru1980@Alice_MiaX Consider NAV erosion with your dividend distributions. When your gains start to decline week over week or MoM, look to redistribute to other funds that have better yields