Bigworld, On the investing side, it's becoming harder to figure out a sensible strategy for the rest of the year. With so many landmines and uncertainties, I decided to lower the stock allocation to 10% for the time being, and also went with the S+P 500 exclusively instead of individual stocks. I figure this keeps things a lot more flexible and liquid, while still earning the ~ 5% in the money market.
Looking at the rest of 2024, it looks like the Fed % policy will no longer be much of a tailwind for the markets, at least until after the election. The ongoing geopolitical / war stuff will be lurking out there, but the election angst will start looming ever larger as the months go by. Regardless of who wins, it's tough to see a great outcome for the markets. If Trump wins then the media and Establishment will go nuts on steroids, so a Biden win might be the best for the financial markets, at least in the shorter term. Anyway, I figure no sense sticking your neck out very far in this environment.
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