jimtan wrote:I'm down to just 15% of my portfolio in stocks. A Trump win would be easy for me. I'll dump my bank shares and buy gold. No way is gold going down!!!
What shape are you in? What would be the first thing you do on November 9th?
Not likely Americans can come here that easily, but there may be some repatriates. Cash out their US holdings, and retire here at 35% premium. A lot of people (Canadians too) made it pretty big in NYC and San Fran based on finance and tech options respectively.
Lots of racism in the US now.
jimtan wrote:Hehe. How has the 15% transfer tax worked out for Burnaby?
I'm actually pleased about my portfolio. Selling into the rally earlier this year, I'm prepared to sit on the cash for two years. After all, RE isn't going up.
I sold the last of my C$ shares when TSE was 14550. Where is it headed after the NAFTA 'renegotiation'? Not to mention the renewal of the softwood lumber agreement.
My American bank shares are finally outperforming. Looking for an exit point. Fortunately, I didn't hold on to exporters like GE.
P.S. IMHO importers like Walmart are in trouble because they source from China. Can they increase prices to match cost increases? Price rises will just drive interest rates higher. Finally, US$ likely to keep strengthening as % rise.