Tag: Joe Biden

Exclusive Interview with Ken Fisher about the Stock Market Under Trump versus Biden

by Fred Fuld III

The following informative interview was provided by Kenneth L. Fisher, founder and chairman of the money management firm Fisher Investments, who had the longest continuous running column in Forbes Magazine. He is a billionaire on the Forbes 400 list and author of numerous investment related books.

According to Investment Advisor magazine, he is one of the 30 most influential people in the investment advisory business over the last 30 years. Fisher is considered to be the largest wealth manager in the United States.

We cover a lot in this interview, including:

  • The stock market under President Donald Trump versus former Vice President Joe Biden
  • The influence of corporate tax rate on the stocks 
  • The potential of the reversal of Trump’s tax bill on Day One if Joe Biden & Kamila Harris win the election
  • The market under Republicans versus Democrats
  • Whether inflation is on the horizon
  • The petroleum industry
  • Gross Output, GDP, and the economy versus the stock market
  • Are stock ratios dead? (PE, PS, PEG)
  • And much, much more

Two Timeless Books Mentioned by Ken Fisher in the Interview

The Only Three Questions That Still Count: Investing By Knowing What Others Don’t (A great companion to the  Beat the Crowd: How You Can Out-Invest the Herd by Thinking Differently book, which I enjoyed reading.)

Wall Street Waltz

(My favorite of all his books is The Ten Roads to Riches: The Ways the Wealthy Got There (And How You Can Too!) Second Edition,  because it is so different from all the other financial publications. It basically tells you ten ways, with all the steps, to get really rich, including “marrying a billionaire.” Lot’s of insight and lots of humor. You can find more info about this book on a previous podcast: Interview with Billionaire Ken Fisher about the 10 Roads to Riches.)

The Interview

Enjoy listening to the great insights and  information that Ken Fisher provides.

To stream the interview, click:

HERE

You can also download the interview as an mp3 by right-clicking here and choosing “save as.”

Enjoy the interview and Happy Investing!

All opinions are those of Ken Fisher, and do not represent the opinions of this site or the interviewer. Neither this site, nor the interviewer, nor the interviewee are rendering tax, legal, or investment advice in this interview.

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How to Speculate on the Results of the Presidential Election

by Fred Fuld III

If you have been wondering what the percentage chance of a particular candidate winning an election, there is a website you can check out.

It shows the betting odds for the U.S. presidential election and the odds for the Senate control and the House control, based on the oddsmakers.

The site is called Election Betting Odds. Unfortunately (or maybe fortunately?) for Americans, there are laws prohibiting betting on political elections in the United State (with one exception which will be described later in this article).

The Election Betting Odds site is based primarily on Betfair.com, the major betting site based in the UK, along with other sources. Americans are not allowed to bet on this site.

However, if you are a U.S. citizen and you really want to speculate on the outcome of the upcoming elections, you can use a site called PredictIt.org. Why is there this loophole?

Well first, Predictit.org is an experimental project operated for academic purposes at New Zealand’s Victoria University under permission from the CFTC, the Commodities Futures Trading Commission.

Second, the maximum you can “invest” is only $850, so there is not a huge risk to traders if they lose. Bid amounts range from one penny to 99 cents.

The interesting feature about PredictIt is that there are numerous politically related possibilities that you can speculate on, not just the presidential election.

Here are just a few of the things you can bet on:

  • Which party will win Florida in 2020?
  • Will Nancy Pelosi become Acting U.S. President on January 20?
  • Who will win the 2020 New Hampshire Democratic gubernatorial primary?
  • Will Trump resign during his first term?
  • Who will be the next justice to leave the Supreme Court?
  • Will a federal charge against Rudy Giuliani be confirmed by Dec. 31, 2020?
  • Will Kim Jong-Un be Supreme Leader of North Korea on Dec. 31?
  • Will Benjamin Netanyahu be prime minister of Israel on Dec. 31, 2020?
  • Will Scottish Parliament call for an independence referendum in 2020?
  • Will NASA find 2020’s global average temperature highest on record?

I found it fascinating just to browse through to see all the different things that people are speculating on.