Loading ...Nervous millionaires may bail on stocks after election
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One thing most millionaire investors agree on is the election’s importance to the future of the country. More than three-quarters said the presidential election is a “game-changing” event that will have a major impact on the direction of the country. About three-quarters said they are “nervous about what will happen” after the election regardless of which candidate wins. And 75 percent said this year’s contest is “more significant than others in recent history.”
Millionaire investors agree the country is headed in the wrong direction, but their solutions vary according to their politics. Two-thirds said the country has lost its competitive edge, and 57 percent said it’s more difficult for Americans today to rise up from humble beginnings.
When asked about the best way to improve the economy, Republicans supported a balanced budget, lower taxes and strict enforcement of immigration laws. Yet Democrats supported increasing the minimum wage, investing in clean energy and raising taxes on the wealthy but cutting them for everyone else.”
http://www.cnbc.com/2016/07/25/nervous-millionaires-may-bail-on-stocks-after-election.html