Financial Strategies under Biden Administration?

submitted by RoccoTheTaco from self.finance

After the farewell address today from President Trump, news came out that the Biden admin will be deranking members of the military who voted or supported President Trump. Then, Biden's nominee for Treasury want to regulate/ban cryptos. I also saw another post where banks are being allowed to refuse service if you are a conservative or supported President Trump. This is all because the new administration wants to label supporters of President Trump "right wing extremists/domestic terrorists." In edition to the censorship/exiling of "right wingers" in society, the new admin wants to implement a new bloated stimulus package, 1.9 trillion. 15/hr min. wage, free trade agreement, etc. Policies like that will effective devalue/crash the dollar. So, my question is, what do we do? What should we be investing in long term? I own dividend stocks, and was thinking of adding some physical gold just in case Biden does kill the dollar. What jobs will be safe to make it? I have been looking for a WFH job, but thats not going so well. Wondering what everyone is doing to prep for the higher taxes, and dollar crash, while also being kicked out of society. So much uncertainty with soon being exiled from civilization, demoralization from just trying to survive recently, I need to get a plan formulated. Thanks!

all 18 comments
sorted by:
top
newinsightfulfun

[–]SerpensInferna 6 insightful - 2 fun6 insightful - 1 fun7 insightful - 2 fun -  (3 children)

I wish I had a good answer to this, but I was just starting to get my shit together financially for the first time in my life when the twin horrors of an overhyped pandemic and a Marxist revolution struck.

Sadly I have no advice for investments. I will say I am keeping a minimum amount of money in credit unions (I will never put my money in a bank again) and the rest in my home for worst case scenario (which has surreally become not so unlikely these days). I bought some gold and cryptocurrency, not without some worries.

I started prepping when the riots broke out, but it's been in overdrive since November. Buy a camp stove, at least 6 months worth of freeze dried food (Mountain House has some excellent packages), a water filtration and storage system, and guns and ammo. Buy the guns and ammo with cash and learn how to use them. To the best of your ability, start building a network. You are weakest alone.

Prepare for sheltering in place but make sure you can get out of dodge at the drop of a hat, make yourself a bug out bag.

Learn a trade or hard skill of some kind. Office work is going to be useless and/or extraordinarily hard to come by, either when the Commies utterly destroy the economy or you are banished from normie life.

It might seem silly, but read up on Soviet resistance movements, samizdat, and how people survived Marxist revolutions in the past. Keep your head down and don't make yourself a target as much as possible. It's become clear shit is going to get real and the "That would NEVER happen here" ship has sailed. Get used to living without and get creative. Save things like glass jars, paper products, and plastic bags (their uses are endless).

Stay away from cities.

My assumption is that nothing is safe, so work out a Plan B and Plan C for everything.

[–]bjam27 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (2 children)

Watch out because all this stimulus is likely to lead to inflation, we're already seeing signs.

Dems also love inflation because it fixes inequality by making everyone poor.

Owning Real Assets are good when there's inflation but if it goes like Venezuela then we're probably all better off stockpiling food.

[–][deleted] 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (1 child)

Actually, inflation has been rampant for many years already but the Treasury department has been cooking the books on inflation. There is inflation, but the official numbers don't reflect it.

This inflation is manifest in the price of gold, silver, bitcoin, ethereum as well as the levels of the stock market. It doesn't rise because the economic outlook is great. IT IS NOT. It rises as a hedge against inflation. Weird, but true.

[–]bjam27 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

True. I should have said hyperinflation.

[–]bjam27 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (3 children)

Biden will give reparations and tons of stimulus.

= Invest in cigarettes $MO and strip clubs $RCI.

Crime will continue skyrocketing as Dems release prisoners and refuse to arrest criminals because they're afraid of being called racist.

= Invest in $AAXN (formerly Taser)

Because of crime, taxes, and riots the flight to rural and suburbs will continue.

= Invest in lumber and homebuilders, etc. I like $LMB and $ICLTF but they're smaller/riskier.

Biden, like Obama, will get us into tons of new endless wars.

= $PLTR should benefit and of course $LMT $NOC $RTX etc

[–]bjam27 5 insightful - 5 fun5 insightful - 4 fun6 insightful - 5 fun -  (1 child)

Alternatively just invest in China since Biden is giving our entire country away to them for free.

[–][deleted] 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (0 children)

Both of you make excellent cases, I agree. Investing in China can be achieved for example by buying into AMD, whose chips are made in China / Taiwan.

[–]madcow-5 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (0 children)

Because of crime, taxes, and riots the flight to rural and suburbs will continue.

Not only that, the past year, psychologically, has made everyone less outgoing, at least when it comes to social outings such as bars, restaurants, nightclubs.

It's funny how millennials talked last year about having a "roaring 20's". We just had something similar to the roaring 20's in terms of parties and social outings. The 2010's. Every person and their mom was going out like crazy, foodie culture was bigger than ever, bars were tripping over themselves to come up with the next novel concept bar, whether it was a speakeasy theme, a purposefully over the top dive bar, gastro pubs, or micro breweries. Now a tremendous portion have shut down, and the ones that are still afloat have been neutered in terms of the experience. Nobody wants to sit in a 2/3 empty restaurant with yellow tape and signs about covid everywhere, being forced to sit 6 ft apart at the bar, if they can sit at the bar at all, while being served the restaurant's tightened-belt budget version of their previous menu.

Without a lively restaurant and bar scene, or large public events such as concerts, block parties, and festivals, there's little up-side to living in a city.

[–][deleted] 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (0 children)

The Bidet administration will print tons of money, devaluating the currency. Therefore, alternative stores of value, such as silver, gold and cryptocurrencies, will rise in a big way. The stock market too, for the same reason. As for the push to "regulate" cryptocurrencies, well... Good luck with that.

[–]astronautrob 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (7 children)

Do you have a link for bidens remarks on deranking military members who voted for Donald? Deranking is not a word but beside that point im unable to find anything on this statement. Seems like a lot of fear based hyperbole coming from you guys these days. It's ok, it's not the end of the world. Millions of people felt the same four years ago when Donald was being introduced. And look everyone survived, what a miracle. It's just going to be another president same story. They play for the same team and we ain't on it. Lose the Savior complex, or devil complex for that matter, and see things for what they are. Fear is never good. Try to funnel your energy into something productive. Here's some financial advice. Don't invest anything, spend local, spend less, make less, live below the poverty line and STARVE THEM OF OUR TAX DOLLARS. Stop buying shit on Amazon. SPEND LOCAL. Put the technology away and go for a walk. Protect your hard earned attention. These are the only financial things we can do that will hurt the establishment, whether that be creepyjoe or Donald. This is what will hurt them and make a difference. These are the financial choices you can make that will make a difference.

[–]bjam27 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (4 children)

Lol 4 years ago the only people talking about re-education camps were lunatic SJWs. Now high ranking Democrat congress members and the VP are suggesting it as policy.

Purging the military only happens if you need to use the military on the purged group.

Court packing would have gotten any politician immediately voted out of office for the last 80 years, now its daily discussion among dems.

Democrats imagined a fascist presidency and when it didn't happen they decided to build one as revenge.

[–]astronautrob 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (3 children)

Links or is this just going to be a big slab of hyperbole as it's been so far? I'm guessing the latter but I like to give people a chanve. I've seen nothing on "purging the military" or "deranking military officers because they voted for Trump". Both are just silly. If you're talking about the surgeon general stepping down or the national guard troops that got shuffled, than again I say that is all hyperboly. That's not purging the military or anything close. Can I get links to statements about re education camps? I've seen some Dems tweet about making list, etc., Etc., But nothing about camps. Again let's get some links instead of just you making statements. Either way, in my mind this is rhetorical and meant to get people in a fear based mindset. and we have a casein point with OP here (and many others on this site). &To think there's any difference between Dems and Republicans is even more silly. They play for the same team and you ain't onit. Their goals are the same and to think this president or that president would change the course that they are trying to take us on with this technocratic takeover is silly. See the game for what it is my friend and get out.

[–]bjam27 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

AOCs Twitter covers all of this.

[–]bjam27 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

https://www.zerohedge.com/political/leftists-call-new-secret-police-force-spy-trump-supporters

[–]astronautrob 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Lol that's just an article about a guy who writes for the WP saying more rhetoric about what he thinks should happen. That means nothing come on man. Now one WP journalist means something on a big scale? Don't think so. Gotta check who these people are before you care what they say. This dude is nobody. Aoc Twitter really? It's like saying look at Donald's Twitter. It's not real it's just rhetoric

[–]StrategicTactic 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

I'm not OP so I am not sure, but I believe the deranking comment was a reference to this story: https://abc7news.com/surgeon-general-jerome-adams-president-joe-biden-donald-trump/9842120/

Not sure that it is really news as he is supposed to serve only 4 years and he took office in 2017.

[–]astronautrob 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Hmm if that was what OP is referencing its a far cry from his original statement and backs up my previous statement of a lot of hyperbole going on around here. It's just the other side of the same coin though. People on the other side were just as scared 4 years ago as these guys are now. It's laughable and exactly what the establishment wants. Fear, fear,and more fear.

[–]ImHereForFinance 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Bet on the same horse as the rich: stocks and the inflation of assets. They will rig they system in their favour. Bet on the same horse and they cannot rig the system against you. (easily).

Buy value stocks because the market is full of hot trash. I made 12% last month on a flat sp500 of 0% Feb 2021.

For your consideration:

MD, UVE, DISCA, AMCX, LUMN, SUPN, SSNC, CLR