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election question

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Last activity 2020-10-26 4:02 PM
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Turnburnsis
Reg. Nov 2004
Posted 2020-10-13 6:06 AM
Subject: election question


Expert


Posts: 1409
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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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Dirt Dobber
Reg. Jun 2009
Posted 2020-10-13 6:54 AM
Subject: RE: election question



Elite Veteran


Posts: 614
500100

I am not putting anything on hold myself but I know several businesses that are.

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luluwhit
Reg. Dec 2005
Posted 2020-10-13 9:34 AM
Subject: RE: election question



Popped


Posts: 20421
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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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Southtxponygirl
Reg. Nov 2006
Posted 2020-10-13 9:57 AM
Subject: RE: election question



A Somebody to Everybody


Posts: 41354
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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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Frodo
Reg. Jul 2004
Posted 2020-10-13 11:08 AM
Subject: RE: election question


"Heck's Coming With Me"


Posts: 10794
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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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babbsywabbsy
Reg. Feb 2016
Posted 2020-10-13 11:22 AM
Subject: RE: election question


Elite Veteran


Posts: 634
50010025

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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JAG18
Reg. Jul 2008
Posted 2020-10-13 1:12 PM
Subject: RE: election question


Elite Veteran


Posts: 612
500100

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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Dandy Girl
Reg. Dec 2008
Posted 2020-10-14 10:31 AM
Subject: RE: election question


Regular


Posts: 56
2525

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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jake16
Reg. Apr 2006
Posted 2020-10-14 11:01 AM
Subject: RE: election question


Go Get Em!


Posts: 13503
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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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vjls
Reg. Mar 2005
Posted 2020-10-25 5:07 PM
Subject: RE: election question


Miracle in the Making


Posts: 4013
20002000

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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Runninbay
Reg. Sep 2004
Posted 2020-10-26 12:01 PM
Subject: RE: election question



Georgia Peach


Posts: 8338
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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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Kara Creek Cowgirl
Reg. Apr 2014
Posted 2020-10-26 1:33 PM
Subject: RE: election question





25
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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Bear
Reg. Dec 2007
Posted 2020-10-26 1:54 PM
Subject: RE: election question



BHW Resident Surgeon


Posts: 25351
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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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luluwhit
Reg. Dec 2005
Posted 2020-10-26 4:02 PM
Subject: RE: election question



Popped


Posts: 20421
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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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