In Reply to: Re: Steady on the reigns there, partner. If your assets are in posted by russsmith on December 19, 2024 at 05:07:11
one year's income liquid just in case. Advisors say 6 months but I like a year. Also look at how things like tariffs might impact your holdings. With trump we can count on inflation. I've always liked good utilities because they pay great dividends and no one is ever going to go without electricity.
As for your concern about the FDIC and SS age, I think with Musk you can count on the SS age being raised. I hope the FDIC is safe and they won't do it, but I personally wouldn't lose sleep if it was closed. The big danger there is public panic and a bank run. That could be bad.
I don't think the congress or trump would go for a long shutdown. trump knows the market is an indicator of his economic success so it's a real balancing act.
Our gutless congress may do what they usually do and kick the can down the road by trying to appease trump but prevent immediate disaster. I can see them trying to pass a one month spending bill just to get home for Christmas.