Couldn't resist.
The President and both houses of Congress are Republicans. Democrats' tax and spend policies should have no bearing.
Oh, that. I have about $600K in stocks. Guess I did okay too in one day. But, that is "on paper" money. You can lose $50K in one day just as fast.
Real estate, salty, that's the ticket. It's real, you can touch it, and while it is true it is also subject to the whims of the market (value), they ain't making anymore land. So, it is as safe an investment as there is.
Was talking with my Mom the other day, and she remembered they (she and my Dad) bought "our" house in 1955 for a whopping $14,000. She sold that house in 2010 for $189,000. The house she built (had built) that same year on the Northshore she paid cash for $177,000. Now, just seven years later, houses on her street, very similar to hers, are selling for $210,000+.
But, one should be diversified. Stocks are good, yes. But, own other types of assets as well.
Disclaimer: I am NOT a personal financial professional. Consult a licensed advisor before making any investment decisions.