I keep hearing the Dems. mention "tax the rich", and then I wonder, who decides who is rich? I mean after all, if you ask 10 different people on the street how much money it takes in their eyes to qualify someone as being "rich", you'd get 10 different answers. And it seems to me that the Dems. keep lowering that amount, every time they speak. Used to be those that made over 1 million a year, now it seems they're throwing around the $400,000 number as the quantifier, and in reality, I'm guessing that the number is going to be quite a bit lower then that for those that will have thier taxes raised to pay for all the free shit the Dems. are giving away.
AND does having a million plus in investments qualify or is it only those who claim a million on taxes at the end of the year? And does that million count before or after right-offs for small businesses?
The market could stand a good correction, but for now, I'm almost all in so fingers crossed that if and when the big correction comes, I still have time to recover if I stay in for the long haul.
Personally, PM's aren't really an investment. May be good to hold value in a vault, instead of cash and I wouldn't touch a rental property with a 10' pole. I've just heard way too many horror stories about piss poor renters, and with the laws in their favor these days, it just anchors my thought on that.