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Expert
Posts: 1409
     Location: Oklahoma | Just curious are you putting something on hold til after the election depending on the outcome? We are supposed to get a new business in town a couple months ago and they are holding off dependent on the results of the election. |
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 Elite Veteran
Posts: 614
 
| I am not putting anything on hold myself but I know several businesses that are. |
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 Popped
Posts: 20421
        Location: LuluLand~along I64 Indiana | as a business, we are ready to pull the trigger on a facility upgrade. We however will take quite a hit if the tax rate jumps in 2021 and will not spend that 1.2 facility upgrade $. I know several who are watching retirement accounts very closely also for the same reason. They are within the 5 year retirement stage and will be sick if their 4 year gains are wiped out in 2. |
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 A Somebody to Everybody
Posts: 41354
              Location: Under The Big Sky Of Texas | There is a coulple of business that were planing to expand here but they also put that on hold too, they are worried if Trump loses and Biden/Harrise gets in, then their Taxes will sky rocket if they expand more, they know their Taxes will go up anyways but with the expanding they are planing the higher taxes will eat their lunch. So sad for these people  |
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"Heck's Coming With Me"
Posts: 10794
        Location: Kansas | Investment firms and banks are saying to be very wary of what could happen to the stock market if Biden wins. Of course, they said the same thing about Trump and the market went steadily up. I can understand the waiting game some businesses are having to deal with. Biden hasn't figured if he raises taxes on Sherman-Williams a can of paint is going to be more expensive.
Edited by Frodo 2020-10-13 11:26 AM
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Elite Veteran
Posts: 634
  
| I went ahead and sold my house in the city and bought a new one with a large barn and room for my horses outside the city so that everything is all together BEFORE the election. My fiance said he is driving me into work the morning after the election no matter who wins (if we even know who won the morning after). We are in a very dangerous city though, top 5 in the country for violent crime every year. Pretty sure they are still protesting downtown, but that's old news I guess. |
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Elite Veteran
Posts: 612
 
| I have heard of people who are securing new home loans now. They fear that if Biden wins, interest rates will go up and they will not be able to afford to buy a house. |
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Regular
Posts: 56
 
| Yes, we have put off buying a tractor depending on who wins the election. If Biden wins we will hold onto all the cash we have. |
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Go Get Em!
Posts: 13503
     Location: OH. IO | People are definatly watching the money,our buisiness has seen it first hand,but,we are ok,and we sure dont blame them for being careful right now. |
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Miracle in the Making
Posts: 4013
 
| according to biden yes there is a video of him he has a voter fraud sooooooooooo what does that mean? Biden: We Have Put Together The Most Extensive And Inclusive Voter Fraud Organization In The History Of American Politics |
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 Georgia Peach
Posts: 8338
       Location: Georgia | Having children....   but seriously, I turn 30 in May. My husband and I just hit our 2 year anniversary. I aint bringing kids into a Biden/Harris society LOL. |
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 Location: NE Wyoming | Hubby and I are looking at buying our local feed store, we have to purchase property seperatley since it's currently on leased property and there's not enough room to store the majority of the feed on site. We are putting both off untill the election. Biden/Harris plan for Ag scares me... |
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 BHW Resident Surgeon
Posts: 25351
          Location: Bastrop, Texas | luluwhit - 2020-10-13 9:34 AM
as a business, we are ready to pull the trigger on a facility upgrade. We however will take quite a hit if the tax rate jumps in 2021 and will not spend that 1.2 facility upgrade $. I know several who are watching retirement accounts very closely also for the same reason. They are within the 5 year retirement stage and will be sick if their 4 year gains are wiped out in 2.
I hear what you are saying, Lulu, and I agree, but I don't think it's a good idea to have retirement savings in positions where they could be vulnerable to market swings. A person's portfolio at say 35 should be more aggressive than someone 5 years from planned retirement. These stories of 62 year old retirees losing 50% of the the value of their nest egg because of a market downturn are preventable. I'm not telling you something you don't already know. |
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 Popped
Posts: 20421
        Location: LuluLand~along I64 Indiana | Bear - 2020-10-26 2:54 PM
luluwhit - 2020-10-13 9:34 AM
as a business, we are ready to pull the trigger on a facility upgrade. We however will take quite a hit if the tax rate jumps in 2021 and will not spend that 1.2 facility upgrade $. I know several who are watching retirement accounts very closely also for the same reason. They are within the 5 year retirement stage and will be sick if their 4 year gains are wiped out in 2.
I hear what you are saying, Lulu, and I agree, but I don't think it's a good idea to have retirement savings in positions where they could be vulnerable to market swings. A person's portfolio at say 35 should be more aggressive than someone 5 years from planned retirement. These stories of 62 year old retirees losing 50% of the the value of their nest egg because of a market downturn are preventable. I'm not telling you something you don't already know.
You are so correct bear... but its hard in a Trump economy not to take advantage of the really good days. So they wait.... |
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