Are you saving or spending more with the new chapter of the book?

[QuarterMillionMan]

For me, I will be saving more money. Let me explain if the outcome was different. I would have been buying as much precious metals and/or crypto currencies if we had a different outcome last night. Now I can relax and not be so worried about my cash holdings (fiat money) becoming toilet paper as Robert Kiyosaki calls it. But I'm still buying precious metals & cryptos but not as much as I would have if the outcome was different.

[myrdale]

I maxed the IRA early on this year, but my savings beyond that didn't grow as much as I would have liked. Taxes, insurance, and groceries were higher. And then between caving gear and astronomy equipment, and the NAS, I was a bit over budget this past year in the stuff category. Other than a couple of new firearms, there isn't much on my want list at the moment. I'll probably be savings this coming year, regardless of the chapter.

[disneysteve]

No major changes planned. My biggest concern is runaway inflation if broad tariffs are instituted and immigration is curtailed. I’m afraid the great economy we’ve been enjoying may come crashing down next year.

[ua_guy]

I'll be saving as much as I had planned to unless things take a bad turn, and then I'll readjust. I'm guessing I'll be spending more, not by choice... not really sure what people expected the outcome of all this to be other than higher prices and volatility.

When will the price of gas come down?

[EasyMoney00]

Nothing changes for us. Continue to invest, save, spend as usual. I don't let any elected official live rent free in my head. Never going to happen.

[QuarterMillionMan]

Great economy? Easy for a multi-millionaire to say with investments gains, 4% interest on savings, dividends, etc, are all making good gains. But not a great economy for the people who are hit hard by high inflation, $4 gasoline in California, high rents, $4 dozen eggs which used to be $1.29, etc.

[disneysteve]

Great economy? Easy for a multi-millionaire to say with investments gains, 4% interest on savings, dividends, etc, are all making good gains. But not a great economy for the people who are hit hard by high inflation, $4 gasoline in California, high rents, $4 dozen eggs which used to be $1.29, etc.

2.4% inflation rate
4.1% unemployment rate
best GDP growth in the world
record stock prices

By every objective measure, the US economy is in fantastic shape and is the envy of the world. And wasn’t gas in Cali $6 a while back? It’s $2.75 here.

[Drake3287]

Great economy? Easy for a multi-millionaire to say with investments gains, 4% interest on savings, dividends, etc, are all making good gains. But not a great economy for the people who are hit hard by high inflation, $4 gasoline in California, high rents, $4 dozen eggs which used to be $1.29, etc.

I do agree with you regarding the extremely high cost of living here in California though. I'm just extremely lucky to be able to afford it while millions can't and I'm not sure how they do it every month. As for gas, I'm still paying nearly $5.00 a gallon still. Unfortunately today was Gavin Newsom's first unofficial day of running for President in 2028. You people in the other 49 states need to pay close attention to what has happened here.

[LivingAlmostLarge]

Saving more and thinking personally the tax cuts and breaks are going to be very favorable for people on the board. Whether or not you agree with the policies there are many things happening that will likely benefit those who are able to take advantage of the economy coming.

[srblanco7]

Our saving and investing approach has really never varied based on who's in DC as I think it'd be too "short-term". We save and invest based on a decades long horizon. And, thus far, we've been fortunate to realize a positive outcome - so we'll stay the course.

[kork13]

Change my 20-yr running/60-yr outlook for investing strategy based on a new political regime that'll last 2-4 years? Haha no. My budget is based on my family's situation, not whatever knuckleheads possess the gavel/oval office.

Circumstances change, the strategy does not.

[ua_guy]

Saving more and thinking personally the tax cuts and breaks are going to be very favorable for people on the board. Whether or not you agree with the policies there are many things happening that will likely benefit those who are able to take advantage of the economy coming.

Didn't happen last time, in fact, our taxes went up. Any of the corporate welfare and tax breaks handed out sure as heck didn't trickle down. Prices went up too the last time he was in office.

[cypher1]

Nothing changes for us. Continue to invest, save, spend as usual. I don't let any elected official live rent free in my head. Never going to happen.

Pretty much the same. But with more recent layoffs at my work, I'll probably keep more in savings for short-term in the following 6 months.

[bjl584]

I've never really altered my investing strategy based on who is in office.

That being said, there could be certain sectors or companies that stand to benefit.
I may dabble in buying some individual stocks or funds if the opportunity arises.

[LivingAlmostLarge]

Didn't happen last time, in fact, our taxes went up. Any of the corporate welfare and tax breaks handed out sure as heck didn't trickle down. Prices went up too the last time he was in office.

Last time the tax cuts were to stick it to the blue states. Now if you listen to what he's said the SALT tax is looking to expire and he only want to extend the lower tax brackets and lower the corporate tax from 21% to 20%. And keeping the brackets lower than 39% to 37% and lower and expanding them helps blue states. The $750k mortgage interest deduction was a cap on the blue states but the increased standard deduction also made it so many people didn't even itemize anymore.

Personally the lower brackets that were tied to inflation has helped a lot. It's made the brackets bigger at a lower rate than before. And I can definitley see it being extended..