I believe in long term investing. I have my clients use ETFs and globally diversify according to their risk profile. While trying to understand tariffs and their benefits, I put my faith in Trump to use them effectively. I tell my clients to shut out the media and whether the storm what I believe will be a short term downturn.
Jeff, agree completely that investors should ALWAYS tune out the media which makes NOISE because they need you to tune in, when doing so can only lead to abandoning of well thought out plans. I would just add that while I think it LIKELY we will get a good outcome from the tariffs negotiations (as the US holds more power in the negotiations) but it is not guaranteed and there can be some bad side effects from the behavior we have seen like foreigners boycotting US travel and products and Foreign Central Banks reducing dollar holdings which would lead to higher real interest rates, a drag on economy. Have to be humble about forecasts as there are no clear crystal balls
I used to read you a lot on Bogleheads and even bought several or your books for friends years ago. Nothing is "executed skillfully" in this administration which should be obvious. Strategic bargaining tool? I'd like you to write about these assumptions vs actions and effects regularly.
Agree that while the goals are correct the tactics are poor. But have to keep in mind that is the president's style and it might lead to good outcomes like lower global tariffs all around, and US reshoring of critical supplies for national defense purpose, and non tariff barriers that hurt US exports. Good example is the absurdity that Honduras, a small and poor country imports more US pork than all of Europe. While trying to avoid politics I have been writing about both the potential risks and the potential good outcomes, trying to keep investors balanced and not focused as most do on the negatives. I hope that is helpful.
BTW, I stopped writing on Bogleheads, as did many of the other good contributors, because the site became one for what I would call "religious fanatics, and anything that wasn't in line with John Bogle made you "evil". Sad because in the early days was really good site with good debates with people like Bill Bernstein and Steve Dunn and many others contributing.
I believe in long term investing. I have my clients use ETFs and globally diversify according to their risk profile. While trying to understand tariffs and their benefits, I put my faith in Trump to use them effectively. I tell my clients to shut out the media and whether the storm what I believe will be a short term downturn.
Jeff, agree completely that investors should ALWAYS tune out the media which makes NOISE because they need you to tune in, when doing so can only lead to abandoning of well thought out plans. I would just add that while I think it LIKELY we will get a good outcome from the tariffs negotiations (as the US holds more power in the negotiations) but it is not guaranteed and there can be some bad side effects from the behavior we have seen like foreigners boycotting US travel and products and Foreign Central Banks reducing dollar holdings which would lead to higher real interest rates, a drag on economy. Have to be humble about forecasts as there are no clear crystal balls
I used to read you a lot on Bogleheads and even bought several or your books for friends years ago. Nothing is "executed skillfully" in this administration which should be obvious. Strategic bargaining tool? I'd like you to write about these assumptions vs actions and effects regularly.
Agree that while the goals are correct the tactics are poor. But have to keep in mind that is the president's style and it might lead to good outcomes like lower global tariffs all around, and US reshoring of critical supplies for national defense purpose, and non tariff barriers that hurt US exports. Good example is the absurdity that Honduras, a small and poor country imports more US pork than all of Europe. While trying to avoid politics I have been writing about both the potential risks and the potential good outcomes, trying to keep investors balanced and not focused as most do on the negatives. I hope that is helpful.
BTW, I stopped writing on Bogleheads, as did many of the other good contributors, because the site became one for what I would call "religious fanatics, and anything that wasn't in line with John Bogle made you "evil". Sad because in the early days was really good site with good debates with people like Bill Bernstein and Steve Dunn and many others contributing.