Diamond Member Pelican Press 0 Posted December 1 Diamond Member Share Posted December 1 This is the hidden content, please Sign In or Sign Up Anthony Scaramucci Predicts a Market ****** Under Trump — Here’s How To Prepare If He’s Right Chip Somodevilla / Getty Images This November, millions of Americans voted to bring Donald Trump back to the White House. Many of them made their decision based on the belief that he would strengthen the economy. However, many economists and financial experts have been sounding the alarm that Trump’s policies could do more harm than good — potentially a lot more harm. This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Anthony Scaramucci occupies a unique position among these critics. He worked in the Trump 1.0 administration as White House communications director for such a brief tenure that the term “a Scarmucci” entered the cultural lexicon as shorthand for “a short ******* of time.” He spent the 2024 election season as one of Trump’s fiercest foes, largely due to the damage he believes Trump’s policies could inflict on the economy. Scaramucci has gone on record predicting the stock market could ****** during Trump’s second term. He argued that plans for mass deportations and tariffs could spike the prices of consumer goods. On an This is the hidden content, please Sign In or Sign Up before the election, he warned that Trump’s policies could “explode the deficit” and that stripping the Federal Reserve of its independence could lead to “a massacre of the local currency.” That sounds dire. But wringing your hands isn’t as helpful as planning ahead. Best-case scenario, Scaramucci is wrong, and you’ve adopted some positive financial habits. If he’s right — at least you’ll be ready. Trending Now: This is the hidden content, please Sign In or Sign Up You know what they say about eggs and baskets. Just as you don’t want to put all your eggs in one basket, no matter how big and beautiful it may seem, you don’t want to put all your resources in a single investment. To mitigate risk, especially when it comes to your retirement savings, it’s wise to spread out your savings across individual stocks, stock mutual funds, or exchange-traded funds (ETFs). Consider getting even more creative with your investments. For instance, precious metals can provide protection against market volatility. Other options include real estate, bonds, cash value life insurance, annuities, and even alternative holdings, such as oil and gas. If you sense bad times on the financial horizon, having a diversified portfolio gives you the freedom to adjust. You can allocate funds to investments that seem more secure, even if only temporarily. That way, even if the worst happens, you’ll still have a safety net. Story Continues When difficult periods arise, it’s tempting to stick your head in the sand. Hearing about the latest downturn and economic panic can be overwhelming. But ***** shouldn’t drive your financial decisions. The best way to protect your investments is by being clear-eyed about what you own and why you own it. Research every stock in your portfolio and assess its value to you. When alarming headlines hit, you can resist the urge to make hasty decisions. Instead, you’ll know whether to hold onto or let go of specific assets. Regularly reviewing your portfolio and having level-headed conversations with a trusted financial advisor can keep your decision-making grounded. This approach helps you avoid rash and potentially damaging financial decisions. Clearing your debt, especially high-interest debt like credit card balances, is always a smart move. It becomes even more critical during economic downturns that often follow market crashes. If you’re feeling overwhelmed by debt, it might be time to liquidate certain holdings to pay it down. Reducing your debt before a bear market comes lumbering out of the financial woods puts you in a stronger position to weather challenging times — and to rebound once the bull market charges back into the picture. This is the hidden content, please Sign In or Sign Up According to Anthony Scaramucci, a second Trump presidency could bring significant economic challenges, including a potential market ******. Don’t panic. By diversifying your portfolio, staying informed, and eliminating debt, you can weather any financial storm — and come out stronger on the other side. More From GOBankingRates This article originally appeared on This is the hidden content, please Sign In or Sign Up : This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up #Anthony #Scaramucci #Predicts #Market #****** #Trump #Heres #Prepare #Hes This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Link to comment https://hopzone.eu/forums/topic/178878-anthony-scaramucci-predicts-a-market-crash-under-trump-%E2%80%94-here%E2%80%99s-how-to-prepare-if-he%E2%80%99s-right/ Share on other sites More sharing options...
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