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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: onepoorguy 🐝  😊 😞
Number: of 84351 
Subject: Re: Trump and your investing
Date: 01/23/25 1:04 PM
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No. of Recommendations: 5
I may put stop-losses on all my holdings. I haven't updated them in a while because the Biden economy was doing so well.

I won't be selling everything preemptively. I won't embarrass them, but on TMF I know someone that did that in 2016. A stop-loss only gets me out if things start to drop.

I do have a large cash cushion. Sold some stock a couple years ago for cash (being retired, that's where the money now comes from). Then mom died, and I inherited retirement accounts that I have to distribute. So more cash. Didn't really find anything 'safe', so just kept the distributions in cash (in fact, I need to call Fido and make another one for 2025). I'm distributing it early so we won't get whacked with SS taxes and Medicare premiums.

Bitcoin? Forget that excrement. I will never use it, and will never accept it as payment for anything. Period.
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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