This is not financial advice, I am not an advisor.
US folks, if you’re cutting back your purchases, consider you are voting with your dollar wherever you contribute your retirement (401K, IRA, HSA, etc) contributions as well. Most places have few offerings, but it’s worth looking if there are foreign investment offerings at your provider. At least for me there was a foreign index fund.
Continuing to invest in the US stock market will continue to show some amount of faith in its performance. Invest your money elsewhere if you can.
Hopefully this is allowed… I’ve seen lots of folks saying to drop paying for subscriptions, buy local (instead of big corporations), and to buy European if possible (or at least non-US). I think this fits that bill, but delete this if not.
I’m not from the US but I also started investing more into stocks and ETFs that exclude American companies.
Even if the US somehow manages to overcome the 4 years of the Orange in office, I’m tired of the monopolies of American mega-corps, and I feel like more and more people are starting to think the same.
Yes, agreed. The US stock market in part continues to be so profitable because people from all walks continue to invest in it. If folks invest elsewhere (EU, etc) it will help build there instead.
What’s with the bullshit “this is not financial advice” on very obvious advices about finances? Is that a legal thing in the US, like some kind of disclaimer that people think will prevent them from being sued?
Youre right that this is financially related, but it was more to say - I’m not advising that switching to foreign investments is financially beneficial, just morally recommended. Folks doing this may end up with lower retirement funds in the end.
