2 Things To Sell Before Trump’s Inauguration in January
Written by
Nicholas Morine
Edited by
Cory Dudak
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Having emerged victorious in his contest against Democratic Party candidate Kamala Harris in 2024, president-elect Donald Trump is poised to reclaim the position for his second and final term. The inauguration will take place in Washington, D.C. on January 20, and will be the 60th presidential inauguration overall.
With Trump proving a controversial figure, perhaps even more so than the average political leader, the question of what assets, goods or investments to sell before he takes office comes to the fore.
Analysts and experts across multiple segments remain unsure as to which of the incoming president’s policy claims will be enacted immediately, and to what degree. With that in mind, here are some things to consider selling before, or immediately thereafter, Trump’s second inauguration.
Sell Yours, and Perhaps Trade Up to a New EV
If you’re an electric vehicle aficionado, now may be the time to trade in your old model for something a little sportier — particularly if the EV you’re eyeing still qualifies for the $7,500 federal EV tax credit.
Trump has expressed the intent to eliminate said federal EV tax credit, CNBC reported, meaning the time is now to sell your own used EV and pick a new one up from the lot.
With the federal credit off the table, EVs would become more costly, drive sales down and could make “per unit economics even less favorable” for automakers, John Murphy, a research analyst at Bank of America Securities, wrote in a Nov. 21 research note,” CNBC indicated.
Making the trade before the credit potentially expires offers a much greater upside than downside, barring extreme circumstances.
Sell Your Dodgy Crypto, But Buy and Hold Bitcoin (and Other Established Coins)
With Bitcoin having recently adopted a lot of institutional investment following the SEC’s approval of the notion of a spot BTC ETF on Jan. 10, 2024, the price has continued to surge, breaking the $100,000 mark.
While short term sellers may have vacated their positions while profit-taking, per Dig.Watch, and BTC prices have stumbled around the $100,000 resistance mark, the crypto’s future looks bright.
Crypto remains a volatile investment market, and BTC doesn’t escape this aspect of critique. However, as Forbes noted, Trump and his administration (and allies) appear poised to potentially create a federal Bitcoin reserve. Such a move would dramatically increase the price of the coin, making today’s price a major bargain. However, even without such a push, some industry experts predict massive gains.
“Based on our analysis of historical price cycles and recent price action, along with the widely-held expectation for a more favorable regulatory environment for the digital assets industry in the U.S. in 2025 under the new administration, the availability of spot ETF [exchange-traded fund] products in the U.S., and accelerating institutional investor and corporate adoption, we now estimate that bitcoin will reach $225,000 per coin by the end of 2025,” HC Wainwright analyst Mike Colonnese wrote in a note verified by CNBC, per Forbes.
While Forbes outlined that the betting odds of Trump creating such a platform remained somewhat low (Polymarket odds resting at 37%), in the event that the incoming president did make good on his promise, Bitcoin price would likely soar even higher. Forbes cited Geoff Kendrick, global head of digital assets research at Standard Chartered, on the subject.
“I am thinking of it [Trump’s creation of a federal Bitcoin reserve] as a low probability (less than 10%), high impact event,” Kendrick said in December. “If it happens, [a BTC price of] $200,000 is far too low for next year.”
Selling off larger, non-losing positions in more volatile coins in favor of a balanced crypto portfolio headed up by BTC and other major or established coins (Ripple, Ethereum, XRP, Cardano, etc.) may make sense. Speak to your investment or financial advisor to determine the best path for you before doing so, however.
Editor’s note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com.
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