BRK.A/B

Outperformed the market across every presidency since inception.

Gotta think there will be so really crazy liberal policy moves that put an attractive valuation on certain industries. Having 200 billion to spend when **** hits the fan will pay huge dividends over the next 20-30 years IMO.

Guns for hunting and a big vegetable garden because price controls for groceries going to lead to all kinds of shortages.

We were anticipating American getting much dumber, so we moved to a rural area, we invested in farm equipment, have been buying a much larger amount of PMs and BTC relative to our portfolio and I've bought my own ammo making equipment.

The cracks are forming and the normal people are starting to notice. Whoever wins this election is going to preside over the official time of death of America. It started with Wilson and FDR, but the last 20 years were the "entering hospice care" moment.


Our constitution is about to get shredded and you need to live somewhere with like minded liberty loving people who have law enforcement who agree.

Most likely scenario if she wins is the Republicans win the senate (WV) and we get gridlocked government for the next 2 years (and hopefully 4).

The bigger concern is her executive branch hires and what they does the regulatory state. Luckily Chevron was repealed so hopefully they will have less power to overreach.

LMCane said:

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as seems more than likely we are dealing with a new neo-socialist administration starting February 2025

so what is the best investment to make:

1. Gold: both buying physical gold coins and Gold ETFs

2. what about gold miners?

3. REITs: commercial sucks and is going to collapse. but what about residential?

here are three that were recommended by Motley Fool:

Camden Property Trust

Mid American Apartment Communities

UMH Properties

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The stock market has done really well under Biden. It did well under Obama. You should probably not make investment decisions based on your political bias. Just my advice.

The real answer is that I think the US is in a great position for the foreseeable future from an economic and investment perspective. Especially if you start comparing it to alternative investments.

S&P 500 same as always

OP is the accredited investor, why is he asking us?

Only a fool wouldn't prepare for the wheels to come off this train. It is just a matter of timing.

I'm sure the stock market will do well for a while. The other options suck. When the collapse happens it will be sudden.

Ag06Law said:

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OP is the accredited investor, why is he asking us?

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King of asking random questions about investing then ghosting the thread.

Please allow me to introduce myself
I'm a man of wealth and taste
I've been around this site for many long years
Stole identities, trolled, and been disgraced

Pleased to meet you
Hope you guessed my name
But what's puzzling you
Is the nature of my game

~ mfbarnes

lobopride said:

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It is just a matter of timing.

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When you figure that part out, feel free to share with the class.

lobopride said:

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Only a fool wouldn't prepare for the wheels to come off this train. It is just a matter of timing.

I'm sure the stock market will do well for a while. The other options suck. When the collapse happens it will be sudden.

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How are you preparing?

TxAG#2011 said:

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Raising the corporate tax rate is not going to help anything.

Perfectly fine with the wealth tax on HNW individuals

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they're both crazy dumb, if you tax unrealized capital gains what happens when those assets drop in value?

You're kidding, right?

What happens when all those high-net-worth individuals move their citizenship and money to a country that doesn't tax their net worth?

Serious question: the corporate tax rate has been MUCH higher than this throughout most of modern American history. So, why is raising it to 28% this time, which will still be historically low, going to bring it all crumbling down?

TxAG#2011 said:

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EliteZags said:

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TxAG#2011 said:

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Raising the corporate tax rate is not going to help anything.

Perfectly fine with the wealth tax on HNW individuals

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they're both crazy dumb, if you tax unrealized capital gains what happens when those assets drop in value?

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....

Nothing? There would be no gains

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He means what if the assets drop in value after the tax had been paid. Will the government return the paid taxes?

And what makes you think that the Dems will limit the tax to HNW individuals, or what will prevent them from continually reducing the amount used to determine a HNW individual?

Jabin said:

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You're kidding, right?

What happens when all those high-net-worth individuals move their citizenship and money to a country that doesn't tax their net worth?

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Serious question: Up until a few years ago, the corporate tax rate was 35%. People weren't flocking overseas in the decades that was in place. Why would raising it to 28% make them uproot everything now?

BassCowboy33 said:

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Serious question: the corporate tax rate has been MUCH higher than this throughout most of modern American history. So, why is raising it to 28% this time, which will still be historically low, going to bring it all crumbling down?

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You're right on the history, but raising the rate will be a step backwards. Lots of good policy reasons exist to either eliminate corporate taxes or, if not that, keep them as low as possible. Raising rates will increase costs passed through to consumers and will likely have a dampening effect on the economy.

There's lots of truth to the old adage that what's good for business is good for America.

Now, breaking up the huge corporations is another story. We ought to do that and, while we're at it, break up the huge federal government agencies that make large corporations look like minnows next to whales.

And house prices don't fluctuate as rapidly and widely as stock prices.

And RE taxes are not taxes on unrealized gains. They are taxes on the entire asset. Finally, RE taxes are a bad idea, so using them to justify taxes on unrealized gains is saying "two wrongs make a right".

TxAG#2011 said:

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Jabin said:

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TxAG#2011 said:

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EliteZags said:

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TxAG#2011 said:

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Raising the corporate tax rate is not going to help anything.

Perfectly fine with the wealth tax on HNW individuals

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they're both crazy dumb, if you tax unrealized capital gains what happens when those assets drop in value?

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....

Nothing? There would be no gains

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He means what if the assets drop in value after the tax had been paid. Will the government return the paid taxes?

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No that's not reasonable. Same with real estate, if your house assessment is lower next year you don't get a refund.

The issue here I imagine is how the government will possibly be able to appraise all these different assets at one time.

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so its fair to have to pay taxes on your portfolio gains in 2021, even though you didn't sell anything and lost all those gains in 2022?

wtf are you smoking

with some stocks you could literally have to pay taxes on price fluctuations every year without getting any actual appreciation over several years

Also, why do we need new taxes or raise taxes?

Shouldn't we first make the government more efficient, make it so that it can do more with the vast amount of money it already has?

Why do some automatically believe politicians when they say government needs more money?

Government wastes so much money, and so much goes back into the pockets of politicians, that we'd be insane to give it more.

Quote:

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Government wastes so much money, and so much goes back into the pockets of politicians, that we'd be insane to give it more.

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Give? They take, under penalty of law, and there's not a damn thing we can do about it.