Wednesday, August 3, 2016

Presidential candidate Donald Trump tells supporters to get out of the stock market and sell their 401K's

Most people know that Donald Trump is a highly successful real estate mogul and brand marketer, but interestingly, his prowess for winning has often not manifest itself in the equity and stock markets.  There could be numerous reasons behind why he has failed in this arena but the most probable is that he is not one of the 'insiders' like Warren Buffett, who latches on to government institutions for certain 'insights' into the direction of market industries and executive policies.

So with the Donald not being a big fan of stock markets, it should come as no surprise that the interventions (by the Fed) and manipulations (High Frequency trading computers) that comprise the bulk of equity market trading have led him on Aug. 2 to tell his supporters to not only get completely out of stocks, but to also divest their 401K's before the markets inevitably collapse.

Well, we are now almost exactly three months away from the November 8 election, and if Trump wants to really boost his chances, a market crash right now would be certainly most welcome by his campaign. 
That may be why Trump on Tuesday urged his supporters holding 401-(k) to get out of equities as interest rates set by the Federal Reserve are inflating the stock market. 
“I did invest and I got out, and it was actually very good timing,” the Republican presidential nominee said in a phone interview with Fox Business. “But I’ve never been a big investor in the stock market.” “Interest rates are artificially low,” Trump said. “The only reason the stock market is where it is is because you get free money.” 
Trump also warned of "very scary scenarios" ahead for investors. - Zerohedge


But what about the 40%+ loss in money when we close our company 401k?

Not giving investment advice, but there are brokers who do Gold IRA's which cover the tax and early fee issues.

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