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Tue Oct 2, 2012, 12:45 PM

I Saw A Statistic That Just Astounded Me

I don't remember the exact numbers but it was a Gallup survey that indicated "investors" favor Romney by a large margin. Talk about people voting against their own interest. The market has doubled under Obama and the market does much, much better under Democrats.

It reminds me of when I was in college and one of my professors was a stalwart Democrat and successful investor. It was kind of a running joke among the other professors how he was outwardly conservative in his demeanor bur liberal in his politics.

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Arrow 11 replies Author Time Post
Reply I Saw A Statistic That Just Astounded Me (Original post)
DemocratSinceBirth Oct 2012 OP
joycejnr Oct 2012 #1
DemocratSinceBirth Oct 2012 #3
joycejnr Oct 2012 #5
DemocratSinceBirth Oct 2012 #6
joycejnr Oct 2012 #7
DemocratSinceBirth Oct 2012 #8
joycejnr Oct 2012 #11
Bandit Oct 2012 #9
DemocratSinceBirth Oct 2012 #10
mrmpa Oct 2012 #2
DemocratSinceBirth Oct 2012 #4

Response to DemocratSinceBirth (Original post)

Tue Oct 2, 2012, 12:48 PM

1. Investors think about one thing...

...the elimination or reduction of capital gains taxes, and Romney as a member of the investor class is their boy. Sure, it's a single-issue knee jerk response, but who has proved that investors are any brighter than anyone else - especially compared to the Conservative sheeplets.

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Response to joycejnr (Reply #1)

Tue Oct 2, 2012, 12:52 PM

3. I'm Not A Huge Investor

But if your holdings are increasing at 10% by year which is the average gain under Democratic administrations as opposed to .04% per year which is the average gain under Republican administrations I would think those gain would dwarf any increase in the capital gains tax.

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Response to DemocratSinceBirth (Reply #3)

Tue Oct 2, 2012, 01:07 PM

5. Agreed, but as I suggested, the investor class has no monopoly on brains. n/t

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Response to joycejnr (Reply #5)

Tue Oct 2, 2012, 01:16 PM

6. Let's Flush This Out Some More

I buy a basket of stocks worth $100,000.00 when Obama was elected. It's now worth $200,000.00 . I sell it and pay my 15% capital gains tax of $15,000.00. I netted $85,000.00 . That's pretty good.

I bought the same basket of stocks worth $100,000.00 when a Republican president was elected. It's now worth $102,000.00. I sell it and pay my 15% capital gains tax of $300.00 I netted $1,700.00. That sucks. I should have bough a Certificate Of Deposit.

Am I missing something?

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Response to DemocratSinceBirth (Reply #6)

Wed Oct 3, 2012, 01:05 PM

7. You nailed it...

...perhaps I should put it this way: as a former exec with Shearson/American Express I got to see a host of CEOs, investors, and other businessmen, and damn few were the sharpest pencils in the box - they were just the most driven. Sandy Weill, may the good Lord call him to his arms soon, was an exception. He was the smartest exec I met, hands down.

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Response to joycejnr (Reply #7)

Wed Oct 3, 2012, 01:16 PM

8. But I Would Think They Like To Make Money

I'm a Poli Sci major. Those guys went to Wharton, Harvard Business, and Stanford Business. Surely they can look at an historical analysis.

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Response to DemocratSinceBirth (Reply #8)

Thu Oct 4, 2012, 01:05 PM

11. As an ex-corporate finance guy...

...I had the "opportunity" to work with these dudes, including the #2 in his class at Wharton. They are whizzes at exploiting laws and regulations to increase the bottom line, but that sort of info ain't rocket science. It's easy stuff, and they usually miss the forest for the trees when it comes to long-term self interests.

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Response to DemocratSinceBirth (Reply #3)

Wed Oct 3, 2012, 01:16 PM

9. What if the Capital Gains tax was increased to 25%

Still less than it was before Bush* I believe.. I think it was at 28% during the Clinton years. anyway a 6% difference between Democrats and Republicans right now because of how the economy is handled, but add 10% and means they may just have to pay a little more to live in the "Best Country in the World" as Republicans are so often heard to say..

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Response to Bandit (Reply #9)

Wed Oct 3, 2012, 02:49 PM

10. I Rather Pay 25% On A $100,000.00 Capital Gain Than Nothing On A $2,000.00 Capital Gain

.

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Response to DemocratSinceBirth (Original post)

Tue Oct 2, 2012, 12:51 PM

2. Conservative in demeanor, but liberal in politics...........

this could have been said about me. Back in the '80's I was a University Police Officer and out of uniform I was (still am) a conservative dresser. Was having a conversation with a co-worker (political in nature), when I said something "liberal", he was shocked, and said "I thought", I said "you thought wrong."

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Response to mrmpa (Reply #2)

Tue Oct 2, 2012, 12:54 PM

4. Dr. Jervey Had A Crew Cut And Always Wore A Tie

I think he was one of the few professors I had that wore a tie.

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