Should I sell my ISA?

USOpenTennisFan27

Given the extremely grim assessment by US business leaders about Trump's plans for the US economy (i.e. getting rid of federal income tax and imposing tariffs instead) should he win 2024, do you think it would be wise for me to sell the money I've invested in my ISA and pay it into my bank account?  And then maybe re-invest in the ISA if Trump loses the 2024 election?  Because what happens in America, finance wise, affects everyone, right?

masonic

From what I recall, Trump was obsessed with keeping the stock market up during his last tenure. I'd be more concerned about the Ukraine situation should he win. But I'll be doing nothing, as "nobody knows nothing"

In any case, after recent events I'd think a Trump win would already be somewhat priced in, and the US market is riding high.

Emmia

I'm leaving mine in, my S&S ISA is for the long term. Time in the market... and all that

Hoenir

USOpenTennisFan27 said:

  Because what happens in America, finance wise, affects everyone, right?

Not neccessarily in a bad way. 

Linton

If you need to spend a large part of the money in the next 5 years you should not be highly invested in equities anyway as a crash could come at any time. In 5 years time it is likely that neither Trump nor Biden will be around and there will be plenty of other things to worry about.

Just accept that you cannot predict the future and keep focussed on the long term until you get in sight of the time when you need the money. There are an infinite number of possible futures. If the future you prepare for does not happen there is a good chance you will do more harm than good.

mark_cycling00

Which business leaders?

https://videoweek.com/2024/06/24/sir-martin-sorrell-why-trump-will-win/

Tldr: business wants trump he will be good for US business but not for the rest of the world.

InvesterJones

USOpenTennisFan27 said:

Given the extremely grim assessment by US business leaders about Trump's plans for the US economy (i.e. getting rid of federal income tax and imposing tariffs instead) should he win 2024, do you think it would be wise for me to sell the money I've invested in my ISA and pay it into my bank account?  And then maybe re-invest in the ISA if Trump loses the 2024 election?  Because what happens in America, finance wise, affects everyone, right?

An ISA is just a tax wrapper around some other investments or savings, you don't say what you've got in yours so it's impossible to say if it might be affected by a Trump win. If it would be affected, you're already too late, it will have lost value already so you'll just crystallise the loss. If on the other hand you've got it in savings or invested in something like money market funds you might get a boost from a Trump win.

USOpenTennisFan27

mark_cycling00 said:

Which business leaders?

https://videoweek.com/2024/06/24/sir-martin-sorrell-why-trump-will-win/

Tldr: business wants trump he will be good for US business but not for the rest of the world.

Donald Trump is threat to US economy and democracy, Kenneth Frazier says (ft.com)

CEOs at Trump meeting: He was ‘meandering’ (cnbc.com)

Trump Couldn’t Stop Gibbering in Front of Nation’s Biggest CEOs (thedailybeast.com)

Trump Reportedly Couldn't 'Keep A Thought Straight' At CEO Meeting: 'All Over The Map' | HuffPost UK Politics (huffingtonpost.co.uk)

etc, etc

mark_cycling00

If "meandering" in a meeting predicts a low stock market then better sell your ISA.

Albermarle

USOpenTennisFan27 said:

Given the extremely grim assessment by US business leaders about Trump's plans for the US economy (i.e. getting rid of federal income tax and imposing tariffs instead) should he win 2024, do you think it would be wise for me to sell the money I've invested in my ISA and pay it into my bank account?  And then maybe re-invest in the ISA if Trump loses the 2024 election?  Because what happens in America, finance wise, affects everyone, right?

If you do feel you should change something, then why not just adjust your investment portfolio rather than the more drastic 'sell everything' 

mebu60

I made the mistake of thinking that Trump + Covid = complete disaster and significantly reduced my overweight USA holdings to negligible. Missed out on £££££s of gains.
Since then I have subscribed more to 'do nothing'. Worked well for Gareth Southgate last Sunday too!