OT: Investing - Stocks/Mutual Funds/Bonds/Crypto

[soxperry]

Yeah, I’m not worried about myself. I’m far from retiring, but people that are close probably lost a ton more and the final years of their lives that they were planning on enjoying are now possibly ruined. Like I said, this will make for a good case study years from now on the amount of lives possibly saved resulting in the amount of lives ruined


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I dont know if it's really worth thinking about. A life "ruined" is very subjective. A life saved is not. One is permanent, the other you can work with. I would think anyone would choose to be alive with a demolished 401k than to be dead, right? All the information so far indicates that distancing saves lives so it's probably a good thing to be over cautious.

[sidney lanier]

Yeah, I’m not worried about myself. I’m far from retiring, but people that are close probably lost a ton more and the final years of their lives that they were planning on enjoying are now possibly ruined. Like I said, this will make for a good case study years from now on the amount of lives possibly saved resulting in the amount of lives ruined


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I dont know if it's really worth thinking about. A life "ruined" is very subjective. A life saved is not. One is permanent, the other you can work with. I would think anyone would choose to be alive with a demolished 401k than to be dead, right? All the information so far indicates that distancing saves lives so it's probably a good thing to be over cautious.

Probably true, but you just don't know yet. The reduced air pollution in China due to their lockdown may have resulted in net fewer deaths, even with those who died from the virus. The social costs here of people being unable to earn their normal living may result in more deaths than the virus itself. Fat guys stuck at home eating pork rinds all day may die sooner and in greater numbers from cardiovascular complications than pandemic victims.

On the other hand, traffic deaths should be down. Will suicides be up? Opioid deaths up? It sounds grim and cynical, but we don't know all the unintended consequences of throwing the brakes on this hard.

[soxperry]

Yeah, I’m not worried about myself. I’m far from retiring, but people that are close probably lost a ton more and the final years of their lives that they were planning on enjoying are now possibly ruined. Like I said, this will make for a good case study years from now on the amount of lives possibly saved resulting in the amount of lives ruined


Sent from my iPhone using RealGM Forums

I dont know if it's really worth thinking about. A life "ruined" is very subjective. A life saved is not. One is permanent, the other you can work with. I would think anyone would choose to be alive with a demolished 401k than to be dead, right? All the information so far indicates that distancing saves lives so it's probably a good thing to be over cautious.

Probably true, but you just don't know yet. The reduced air pollution in China due to their lockdown may have resulted in net fewer deaths, even with those who died from the virus. The social costs here of people being unable to earn their normal living may result in more deaths than the virus itself. Fat guys stuck at home eating pork rinds all day may die sooner and in greater numbers from cardiovascular complications than pandemic victims.

On the other hand, traffic deaths should be down. Will suicides be up? Opioid deaths up? It sounds grim and cynical, but we don't know all the unintended consequences of throwing the brakes on this hard.

yes, that's definitely worth studying. i meant comparing the lives saved by shutdown to some measure of sadness or hardship (lives ruined).

edit: and yes, if that study shows that shutdown did more harm than good and we lost a lot of money in the process, that's terrible. but at this point in time, would you bank on that? i still think the cautious play is best here.

[steger_3434]

Lost over $300,000 in the last month from my 401k. Wonder how many lives this will be saving vs how many lives this will be ruining. Will be a good case study in a decade


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If you don't mind my asking, how were you able to amass 300k to lose? I think we're around the same age, and I've been close to maxing out since I was 24.

Put most of mine in my company, sherwin Williams. Was around $20 a share for about 8 years of my career. Now it “was” at 600 a share. Company match up to 6% and I put in 9%. Ive since diversified, but I rolled in one stock most of my 20 years


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[th87]

Lost over $300,000 in the last month from my 401k. Wonder how many lives this will be saving vs how many lives this will be ruining. Will be a good case study in a decade


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If you don't mind my asking, how were you able to amass 300k to lose? I think we're around the same age, and I've been close to maxing out since I was 24.

Put most of mine in my company, sherwin Williams. Was around $20 a share for about 8 years of my career. Now it “was” at 600 a share. Company match up to 6% and I put in 9%. Ive since diversified, but I rolled in one stock most of my 20 years


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Nice, that's really amazing. I started diversified, which has (or had) me pretty good, but missed out on the really high upside.

[th87]

Yeah, I’m not worried about myself. I’m far from retiring, but people that are close probably lost a ton more and the final years of their lives that they were planning on enjoying are now possibly ruined. Like I said, this will make for a good case study years from now on the amount of lives possibly saved resulting in the amount of lives ruined


Sent from my iPhone using RealGM Forums

I dont know if it's really worth thinking about. A life "ruined" is very subjective. A life saved is not. One is permanent, the other you can work with. I would think anyone would choose to be alive with a demolished 401k than to be dead, right? All the information so far indicates that distancing saves lives so it's probably a good thing to be over cautious.

Probably true, but you just don't know yet. The reduced air pollution in China due to their lockdown may have resulted in net fewer deaths, even with those who died from the virus. The social costs here of people being unable to earn their normal living may result in more deaths than the virus itself. Fat guys stuck at home eating pork rinds all day may die sooner and in greater numbers from cardiovascular complications than pandemic victims.

On the other hand, traffic deaths should be down. Will suicides be up? Opioid deaths up? It sounds grim and cynical, but we don't know all the unintended consequences of throwing the brakes on this hard.

Inability to afford things for a prolonged period might trigger the social unrest we see in other countries. I theorize that what stopped it here is people fearing to lose their jobs and mortgages (that'd be gone), along with the soothing distraction of sports (also gone).

Pretty worrisome.

[MickeyDavis]

I don't own many individual stocks anymore but I recently, about 6 weeks ago, bought Summit Hotel Properties stock, mostly as a cash flow stock, it had a good dividend (around 6%). Well now the div yield is 23.23% as of the end of trading today. If only that would hold up haha.

[midranger]

I don't own many individual stocks anymore but I recently, about 6 weeks ago, bought Summit Hotel Properties stock, mostly as a cash flow stock, it had a good dividend (around 6%). Well now the div yield is 23.23% as of the end of trading today. If only that would hold up haha.

Ah... being an old fart and seeking income stocks.

[HaroldinGMinor]

I assume a lot of you are using Zoom these days? Stock has just about doubled this year.

[Jez2983]

I assume a lot of you are using Zoom these days? Stock has just about doubled this year.

Trying to use that for telehealth stuff here in Aus. We still are doing face to face/hands on therapy (lots of hygiene practise obviously) as at this stage as that's essentially what the PM of the country wants us to do. Not sure what happens next. It's really uncertain and not sure if being at work is right or not.

[MickeyDavis]

I don't own many individual stocks anymore but I recently, about 6 weeks ago, bought Summit Hotel Properties stock, mostly as a cash flow stock, it had a good dividend (around 6%). Well now the div yield is 23.23% as of the end of trading today. If only that would hold up haha.

Ah... being an old fart and seeking income stocks.

Any diversified portfolio should include some income

[MickeyDavis]

Ok guys, let's leave politics OUT of this thread, or any thread on our board. All of it is being discussed on the CA board. Thanks!

[MickeyDavis]

Dow futures down 954, trading halted as it hit the max 5% decline.

[HurricaneKid]

I really expected significant resistance at 18k. I think we are going to fly right by it today without a buyer in sight.

Which means this could get really really bad.

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[HaroldinGMinor]

Zoom (ZM) up 25% today.

[Stannis]

I feel some stocks already hit their lows. Particularity, Royal Caribbean and Chiptole.

Especially Chiptole, wish I got it when it was 420 (now 670). I don't see it going any lower as they probably won't take a revenue hit thanks to delivery services.

Royal Caribbean, other cruise stocks, casinos were names everyone was watching after the virus spread. Unless we hit a recession, I think investors will continue putting money into those stocks.

Though, I still see Boeing and Disney going lower, and wouldn't be surprised if they hit $50. Disney has Disney+ now, but that's only like 5% of their revenue. They really depend on those parks.

[humanrefutation]

We're still going to see more of a dip, methinks. We're just starting to see more states issue lockdown orders, and the testing and fatality data is going to be scary to a lot of people over the next few weeks.

[MickeyDavis]

People will quickly go back to casinos. Cruises on the other hand will be crippled for a LONG time despite the great deals they will inevitably offer.

[Stannis]

We're still going to see more of a dip, methinks. We're just starting to see more states issue lockdown orders, and the testing and fatality data is going to be scary to a lot of people over the next few weeks.

I also think we will another 5-10% drop when the next job/employment numbers are released. This will make people panic and think "Great Recession/Depression" once they realize the virus has actually resulted in job losses.

[MartyConlonOnTheRun]

People will quickly go back to casinos. Cruises on the other hand will be crippled for a LONG time despite the great deals they will inevitably offer.

They also have an uphill fight for any bailout money, 1. They truly are a luxury (airlines at least serve businesses), 2. They aren't American companies. They fly different flags and I would guess most of their employees are non-American.

I know nothing about these industries but in my little brain I see a Forrest Gump scenario that only 1 cruise actually survives and takes over the industry, buying bankrupt ships and getting port slips cheap. I bought a couple of the cruises on RH with my gambling money but no way I would seriously invest in them.