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Now We Know What the Tariffs Were Designed To Do
It’s no secret — follow the money
I meet with friends on the last Thursday of the month to discuss money, specifically investments in the stock market. We are a share club.
The aim is not a high-risk ‘Get rich Quick’ scheme. There is a low monthly contribution to create a shared pot that is a slow-burning social way of investing with my peers. We pitch investment ideas, have a beer and a laugh, and hopefully make a little profit.
Slow-burning is an accurate description; after 22 years, we have yet to show a profit, and after Trump’s tariffs devastated our portfolio, we are running at 66p for every £1 invested.
At January’s meeting, I suggested that we sell everything. Despite Trump’s promises to end inflation, grow the stock market, bring prices down and slash energy prices, I wasn’t fooled. What Trump says and what he does are as different as a perfume ad and a sewage pipe.
We’re a democratic club, and my proposal was voted down.
I missed the next meeting, to my consternation, the group invested all our spare cash in more stocks.
When Trump announced his Tariffs, business analysts and economists expressed significant concerns as they rocked the American and world economy. Warnings of…
