this post was submitted on 03 Feb 2025
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Should Canadians sell their US stocks to stand against the trade war?

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[–] [email protected] 2 points 47 minutes ago

Yeah, you should sell out now. Once the inevitable economic crisis occurs, you should then buy the dip.

Your own individual stock ownership is a drop in the bucket compared to larger wealth management firms. If you feel like it's a moral obligation, go for it, but it won't impact the American economy any harder than Trump already will. You're a pebble against an avalanche.

[–] [email protected] 6 points 7 hours ago (1 children)

Personally, I wouldn't. This dude already has one foot in the grave and also has super bad ADHD. I expect the tariffs won't hold once he realizes they are bad for business.

As others have also said, I wouldn't tie your nest egg and protesting together. It's valiant, but there are better ways to protest without taking gains.

[–] Peppycito 1 points 1 hour ago

The impression I'm getting is that tariffs aren't necessarily bad for business, but they are indeed for consumers.

[–] [email protected] 23 points 10 hours ago

Yes but not because they are American because they are about to tank to 0

[–] xmunk 19 points 10 hours ago

No. The impact you'll have on the market as an individual (even if all Canadian or Canadian and US individuals outside the top 5%) will be minimal. The market is primarily guided by mutual funds and commercial investors.

This is, imo, an ineffective way to have an impact on America while it's a highly effective way to impact your own personal well being.

Targeting physical goods by being picky about made-in-canada is going to have a much more significant impact.

[–] [email protected] 11 points 10 hours ago

Canada doesn't hold a enough to make a dent... Shit, bottom 90% of America doesn't hold enough to make a dent lol

It is a beautiful club, they own everything, almost and they will own even more after this.

[–] [email protected] 4 points 8 hours ago

As someone in the US, wait until they take a big hit from us Americans getting fucked over and buy low. If you can make some good out of it, please do.

[–] [email protected] 8 points 10 hours ago (2 children)

Never invest with your emotions.

[–] Peppycito 1 points 1 hour ago

I'm a terrible capitalist, but I absolutely invest according to my morals. The "vote with your wallet" mindset. I'd rather lose money than finance evil assholes.

[–] [email protected] 6 points 9 hours ago (1 children)

Although I understand what the saying means, I hate this phrase so much. From observing on investing discussion groups, it tends to get used to justify the most amoral shit possible.

[–] [email protected] 3 points 10 hours ago* (last edited 9 hours ago)

I converted my entire 401k to Spaxx and will buy FXAIX when it crashes next week or so.

[–] [email protected] 3 points 10 hours ago* (last edited 10 hours ago)

USA person here. yes - we need a corner timeout.

internet stranger - absolutely not financial advice

[–] [email protected] 1 points 11 hours ago
[–] [email protected] 0 points 10 hours ago

Do it, I want to average down.