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Savings and Investments thread

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  • TelMc32
    TelMc32 Posts: 9,044
    golfaddick said:
    TelMc32 said:
    Huskaris said:
    Friend Or Defoe said:
    Huskaris said:
    Surely US ports are going to become completely clogged? The boats would have set off from China around 30 days ago, when tariffs were "normal" but now they are going to be at over 100%, I can't see people deciding to take the goods....
    The companies would have already agreed a price for the products before this madness. Going forward, a lot of dock workers will be having a lot less work to do which will lead to job losses. I don't think the word disaster does this justice.
    You might have agreed the price, but the tariffs is paid by the importer (in almost all cases when it's wholesale) when the product arrives at port. This will cause madness. 

    The point I'm making is specifically that the price businesses thought they were going to pay for the products, actually is not the price they end up paying... This is going to cause a huge problem at ports, I am sure of it
    As @bobmunro has mentioned above, goods in transit have exemptions applied. Specifically if they were loaded for transit on or before 5th April and importers have until May 27th to use the exemption code (9903.01.28).
    But but but Trump said yesterday that they had already taken in Billions......Billions (yes, he said it twice) in revenue since he started this mad experiment last week. 

    Surely he's not fibbing is he  ??
    I’m sure the American public would love to hear how these billions can be used immediately to enrich their lives.  Perhaps though, like Michael Gove’s infamous £350m a week to the NHS claim it is, and remains, total bollocks! 
  • IdleHans
    IdleHans Posts: 10,960
    edited April 9
    Breaking news: he's pausing tariffs for 90 days for countries that have not retaliated. Dow up 1933 points today so far. How apt.
    Wanker
  • TelMc32
    TelMc32 Posts: 9,044
    Trump has now announced a 90 day pause on tariffs…except China because they have shown a lack of respect for the world markets!!!!! 🤦🏻‍♂️🤬
  • mendonca
    mendonca Posts: 9,405
    Can you imagine just how much money is being made by those with information of what is being announced next?! It's timing the market, not time in the market for Trump and his cronies. 

    Absolutely ridiculous and all so very obvious. 
  • Covered End
    Covered End Posts: 51,989
    Hopefully my massive losses will make a come back this week and some with my buying the dip on Monday.
  • hoof_it_up_to_benty
    hoof_it_up_to_benty Posts: 22,439
    mendonca said:
    Can you imagine just how much money is being made by those with information of what is being announced next?! It's timing the market, not time in the market for Trump and his cronies. 

    Absolutely ridiculous and all so very obvious. 
    The art of rigging the markets. Thankfully Trump is above the law.
  • R0TW
    R0TW Posts: 1,673
    markofkent said:
    What's the best to invest in right now...... surely some shares a going to do a massive bounce back
    I am currently keeping an eye on Anglo American (AAL)
  • cafcpolo
    cafcpolo Posts: 3,811
    TelMc32 said:
    Trump has now announced a 90 day pause on tariffs…except China because they have shown a lack of respect for the world markets!!!!! 🤦🏻‍♂️🤬
    Is it a pause? I thought the extra 10% were still in play, just the further increases?

    Trump n dump schemes in play every other day it seems at the moment. Still expecting it to get worse over the next few months.
  • IdleHans
    IdleHans Posts: 10,960
    Bear in mind the 10% base tariff on all countries apart from Russia remains in place. It's only the higher tariffs that are being paused. I can see markets bumping up tomorrow, but expect a spike then a partial fall back over the day.
  • SantaClaus
    SantaClaus Posts: 7,651
    mendonca said:
    Can you imagine just how much money is being made by those with information of what is being announced next?! It's timing the market, not time in the market for Trump and his cronies. 

    Absolutely ridiculous and all so very obvious. 
    I wouldn't bet against Trump being the richest man on the planet by the time he leaves office. 
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  • hoof_it_up_to_benty
    hoof_it_up_to_benty Posts: 22,439
    IdleHans said:
    Bear in mind the 10% base tariff on all countries apart from Russia remains in place. It's only the higher tariffs that are being paused. I can see markets bumping up tomorrow, but expect a spike then a partial fall back over the day.
    The whole thing is completely ludicrous - there is no plan at all. He's just an attention seeking buffoon.
  • IdleHans
    IdleHans Posts: 10,960
    SantaClaus said:
    mendonca said:
    Can you imagine just how much money is being made by those with information of what is being announced next?! It's timing the market, not time in the market for Trump and his cronies. 

    Absolutely ridiculous and all so very obvious. 
    I wouldn't bet against Trump being the richest man on the planet by the time he leaves office. 
    I suspect he'll leave office by virtue of impersonating a Norwegian blue

  • Er_Be_Ab_Pl_Wo_Wo_Ch
    Er_Be_Ab_Pl_Wo_Wo_Ch Posts: 1,785
    Be interesting to see the corresponding changes to the Asia & Euro markets in the morning. These movements are wild!
  • Covered End
    Covered End Posts: 51,989
    S&P currently up 7.71% today.
  • bobmunro
    bobmunro Posts: 20,842
    IdleHans said:
    Bear in mind the 10% base tariff on all countries apart from Russia remains in place. It's only the higher tariffs that are being paused. I can see markets bumping up tomorrow, but expect a spike then a partial fall back over the day.

    Not China though - he's hiked that to 125% effective immediately.

    I can see China pausing all exports to the US.
  • SantaClaus
    SantaClaus Posts: 7,651
    edited April 9

    SantaClaus said:
    mendonca said:
    Can you imagine just how much money is being made by those with information of what is being announced next?! It's timing the market, not time in the market for Trump and his cronies. 

    Absolutely ridiculous and all so very obvious. 
    I wouldn't bet against Trump being the richest man on the planet by the time he leaves office. 
    I suspect he'll leave office by virtue of impersonating a Norwegian blue



  • hoof_it_up_to_benty
    hoof_it_up_to_benty Posts: 22,439
    edited April 9
    https://youtu.be/00Cav9Pu0Co?si=mo6o97bEJ_QbxUGO

    Where are goods in Trump shop made?
  • IdleHans
    IdleHans Posts: 10,960
    SantaClaus said:

    SantaClaus said:
    mendonca said:
    Can you imagine just how much money is being made by those with information of what is being announced next?! It's timing the market, not time in the market for Trump and his cronies. 

    Absolutely ridiculous and all so very obvious. 
    I wouldn't bet against Trump being the richest man on the planet by the time he leaves office. 
    I suspect he'll leave office by virtue of impersonating a Norwegian blue

    Sad.

    I didnt say i wish for it, it's just that as the consequences of his administrations actions start to become apparent to his supporter base, and are not what they thought, he'll have a good number of gun toting dimwits turning against him.
  • SantaClaus
    SantaClaus Posts: 7,651
    IdleHans said:
    SantaClaus said:

    SantaClaus said:
    mendonca said:
    Can you imagine just how much money is being made by those with information of what is being announced next?! It's timing the market, not time in the market for Trump and his cronies. 

    Absolutely ridiculous and all so very obvious. 
    I wouldn't bet against Trump being the richest man on the planet by the time he leaves office. 
    I suspect he'll leave office by virtue of impersonating a Norwegian blue

    Sad.

    I didnt say i wish for it, it's just that as the consequences of his administrations actions start to become apparent to his supporter base, and are not what they thought, he'll have a good number of gun toting dimwits turning against him.
    Please don't sweat it. It really wasn't any sort of barb at you or your sentiments.
  • redman
    redman Posts: 5,285
    bobmunro said:
    IdleHans said:
    Bear in mind the 10% base tariff on all countries apart from Russia remains in place. It's only the higher tariffs that are being paused. I can see markets bumping up tomorrow, but expect a spike then a partial fall back over the day.

    Not China though - he's hiked that to 125% effective immediately.

    I can see China pausing all exports to the US.
    I'm not sure why China might do that. Isn't that sort of what Trump says he wants so companies produce in US not overseas. You mustn't forget that China isn't actually paying 1 cent of the increased tariffs. It is to be paid for by the importer ie US importer, brands, retailer and consumer. The plan, such as it is, is that importers will source less from China etc and source from US base. 
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  • hoof_it_up_to_benty
    hoof_it_up_to_benty Posts: 22,439
    redman said:
    bobmunro said:
    IdleHans said:
    Bear in mind the 10% base tariff on all countries apart from Russia remains in place. It's only the higher tariffs that are being paused. I can see markets bumping up tomorrow, but expect a spike then a partial fall back over the day.

    Not China though - he's hiked that to 125% effective immediately.

    I can see China pausing all exports to the US.
    I'm not sure why China might do that. Isn't that sort of what Trump says he wants so companies produce in US not overseas. You mustn't forget that China isn't actually paying 1 cent of the increased tariffs. It is to be paid for by the importer ie US importer, brands, retailer and consumer. The plan, such as it is, is that importers will source less from China etc and source from US base. 
    Just need to build the manufacturing facilities and find the labour force ...
  • golfaddick
    golfaddick Posts: 33,622
    hoof_it_up_to_benty said:
    mendonca said:
    Can you imagine just how much money is being made by those with information of what is being announced next?! It's timing the market, not time in the market for Trump and his cronies. 

    Absolutely ridiculous and all so very obvious. 
    The art of rigging the markets. Thankfully Trump is above the law.
    Wouldn't surprise me that some of his past misdemeanors were on purpose so he could try out the court system. Found out that he couldn't be prosecuted for anything he did as President so dreamt up this plan.

    Just a shame the FBI/CIA werent playing ball the day "Oswald" took a pot shot at him. 
  • RaplhMilne
    RaplhMilne Posts: 4,601
    DOW JONES + 2,200 points up  6.4%
    S&P 500 + 346. Or up 6.9%

    Some one is making a lot of money….. out of these swings.
  • BigRedEvil
    BigRedEvil Posts: 11,069
    Trump is only 4 months in, he's already crashed stock markets, cosied up to Russia, threatened to invade Canada and Greenland and now is having an all out trade war with China. Wonder what he'll do tomorrow 
  • guinnessaddick
    guinnessaddick Posts: 28,608
    BigRedEvil said:
    Trump is only 4 months in, he's already crashed stock markets, cosied up to Russia, threatened to invade Canada and Greenland and now is having an all out trade war with China. Wonder what he'll do tomorrow 
    A round of golf ⛳️ 
  • hoof_it_up_to_benty
    hoof_it_up_to_benty Posts: 22,439
    RaplhMilne said:
    DOW JONES + 2,200 points up  6.4%
    S&P 500 + 346. Or up 6.9%

    Some one is making a lot of money….. out of these swings.
    Thankfully corruption isn't a problem in the US - no insider dealing.
  • Arthur_Trudgill
    Arthur_Trudgill Posts: 464
    The USA sees China as a massive threat to its dominance.

    It's removing it from its supply chains and I would imagine many 'negotiations' with Europe will include restrictions on trading with China.

    The cost will be increased prices and/or less consumption for USA citizens, which Trump will say is a small price to pay to MAGA.
  • Covered End
    Covered End Posts: 51,989
    S&P closes at 5456 up 9.52%
  • Chaz Hill
    Chaz Hill Posts: 5,216
    BigRedEvil said:
    Trump is only 4 months in, he's already crashed stock markets, cosied up to Russia, threatened to invade Canada and Greenland and now is having an all out trade war with China. Wonder what he'll do tomorrow 
    Well he’s got 70 world leaders lining up to “kiss his ass” apparently. What a guy.
  • RaplhMilne
    RaplhMilne Posts: 4,601
    Covered End said:
    S&P closes at 5456 up 9.52%
    DOW closes up 2963 7.97%

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