Sure it looks great that the stock market has gone up four per cent since Donald Trump has taken office. I never thought I would live to see the day that the Dow Jones Average would peak over 20,000, well there it stands from last Friday’s close at 20,624.05. Happy days are here again, corporations will be paying less taxes, and reporting unbelievable earnings, and very American can rest assure that with President Trump’s leadership, future retirement will not be any problem. I wish this was true, in four years the Dow will reach 35,000, and most of their stocks(Dow 30) will have split of an average of five to one. Apple will be forty dollars a share, and it will certainly be a must stock for every body’s 401k’s and Ira accounts. Having a million dollars for retirement should be no problem.
However if everyone has at least $1 million dollars in their retirement accounts, how much spending power will it really have. It’s like everyone just won the lotto. Just buy stocks, they have no way but going up? However what goes up, eventually will go down, and down will be like we have never experience since the great crash of 1929.
I am not a stock broker, but just a concerned senior who is scared if I will be able to enough money to live my life comfortably. With the costs of health care, and the talk of changing Social Security and Medicare, I lay sleepless at nights, if my investments will disappear over night. I hope not.
There is one possibility that might be the Ace in hand for Donald Trump that many haven’t weighed in for a possible Trump impeachment. It and when the Congress goes forward with his impeachment, I can just imagine a ten thousand negative swing in the stock market, back to 10,000, worst than 9-11-2011, dreams and futures wiped out because we have a President who wants to make #”America Great Again”.
So what is the solution, I don’t know, all I can do is pray and wait.