What about owning american stocks?
What about owning american stocks?
Should Canadians sell their US stocks to stand against the trade war?
30 comments
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As an American, I sold all $30k of my stocks the day after the election. I also cashed out my 401K. I'll be contributing as absolutely little as I possibly can to this economy going forward.
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Yes but not because they are American because they are about to tank to 0
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No. The impact you'll have on the market as an individual (even if all Canadian or Canadian and US individuals outside the top 5%) will be minimal. The market is primarily guided by mutual funds and commercial investors.
This is, imo, an ineffective way to have an impact on America while it's a highly effective way to impact your own personal well being.
Targeting physical goods by being picky about made-in-canada is going to have a much more significant impact.
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Yeah, you should sell out now. Once the inevitable economic crisis occurs, you should then buy the dip.
Your own individual stock ownership is a drop in the bucket compared to larger wealth management firms. If you feel like it's a moral obligation, go for it, but it won't impact the American economy any harder than Trump already will. You're a pebble against an avalanche.
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Every country that holds US bonds should cash out their US bonds, think that would leave a mark?
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Personally, I wouldn't. This dude already has one foot in the grave and also has super bad ADHD. I expect the tariffs won't hold once he realizes they are bad for business.
As others have also said, I wouldn't tie your nest egg and protesting together. It's valiant, but there are better ways to protest without taking gains.
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The impression I'm getting is that tariffs aren't necessarily bad for business, but they are indeed for consumers.
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Which will in turn affect business. Nobody can buy their stuff is nobody has the money for it, unless their plan is just to keep the wealthy people alive, while at the same time, making them poorer
It might take a while for this to play out though.
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If this is Bannon's plan (as a nationalist) though, tariffs could continue with JD Vance. Also remember Vance is backed by another more shadowy billionaire supervillain, Peter Thiel, the guy who thinks democracy is overrated.
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Peter Thiel, the libertarian behind Vance and one of the most powerful people on earth.
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Canada doesn't hold a enough to make a dent... Shit, bottom 90% of America doesn't hold enough to make a dent lol
It is a beautiful club, they own everything, almost and they will own even more after this.
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I read this book, Growing FREE recently, and as clickbaity as the book seems, it did have promising financial advice for people who want to make investments into more ethical companies.
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Never invest with your emotions.
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I'm a terrible capitalist, but I absolutely invest according to my morals. The "vote with your wallet" mindset. I'd rather lose money than finance evil assholes.
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As someone in the US, wait until they take a big hit from us Americans getting fucked over and buy low. If you can make some good out of it, please do.
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I converted my entire 401k to Spaxx and will buy FXAIX when it crashes next week or so.
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USA person here. yes - we need a corner timeout.
internet stranger - absolutely not financial advice
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Investing and protesting are two different things. If you combine the two you're doing it at the cost of gains.
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Yes!
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Do it, I want to average down.
30 comments