OILU should be a good one to place money into at the $7/share range. I figure it's gotta go back up eventually
Dow is Down 900+ points Today 2/24/2020
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OILU should be a good one to place money into at the $7/share range. I figure it's gotta go back up eventually
Not a chance, they are in full bey on seeking alpha. They literally think gas and oil are used only for cars and power plants. No conception that it is used in almost everything they use or touch daily.
Nice.
I’ve been eyeballing all the airlines....they’ve been absolutely bodyslammed due to this glorified cough.
I'm afraid that since I am a novice that I should just lay off and not buy. Just ride the wave and watch my retirement accounts rebound in the future (plus continue to contribute to them even if initially I get massacred).
Its outrageous...all economic indicators are pointing towards a robust, healthy economy (did anyone see the jobs report for February? Plus they adjusted the December and January numbers upward as well). I can't believe that fear of CV, which will not be contracted by most healthy people and those who get it will all rebound, has raped the markets the way it has. People are stupid AF. I just wish I knew enough to take advantage of it! LOL
On a side note, just prequalified for a 3.0% interest rate for a mortgage (30-year) That is about as low as I can imagine. Too bad home prices are inflated here...again, because people are stupid AF.
Its outrageous...all economic indicators are pointing towards a robust, healthy economy (did anyone see the jobs report for February? Plus they adjusted the December and January numbers upward as well). I can't believe that fear of CV, which will not be contracted by most healthy people and those who get it will all rebound, has raped the markets the way it has. People are stupid AF. I just wish I knew enough to take advantage of it! LOL
On a side note, just prequalified for a 3.0% interest rate for a mortgage (30-year) That is about as low as I can imagine. Too bad home prices are inflated here...again, because people are stupid AF.
The thing is, the next quarterly reports (primary march) are going to be absolute shit for companies. China has been shut down for awhile, which directly impacts US markets. Go take a look at the price of a cruise or airline ticket... super low. Corona is impacting all aspects of the economy, and will only get worse once it sweeps the US. thats why the economy is not doing well. It's not so much that people fear corona, as its basically like the flu only there isn't a vaccine for it, thats why it has a higher mortality rate.
A lot of it is fear mongering from the media, but its not overblown in my opinion.
I imagine companies like costco will have decent stats for this month, as everyone is rushing to buy supplies like its doomsday.
Regarding the market, this downturn is probably going to be the biggest we see in the next decade... it's absolutely the time to put money in. Maybe it won't hit bottom today, but it will eventually. I'd HIGHLY recommend at least trickling money into the market while u can.,
I think I’m going to refi, we had bought a second house last year (my old house as a teen) and remodeled it to flip but with rates this low, I may keep it as a rental and for my kids. I did a 20 yr and now I can go to a 15 or 10 and still pay less money. It’s crazy!
You make great sense. The details in your response are head and shoulders above what any "experts" are saying. I'd love to be able to hear these experts go into detail about why the markets are tumbling. How has CV impacted global supply chains? Which industries have been hardest hit? Which ones are still thriving (or at least staying steady)? What is the near term (1, 3, 6 months to 1 year) impact on the market? What will stimulus and cuts do interest rates do? Should the Fed consider one or both? Will these actions keep us out of a recession? Instead, all I hear is that fear is causing a huge sell off. Ok...give me more, I'm not brain dead, my brain can handle more than just a headline to grab attention. LOL
For someone who doesn't have a bunch of cash on hand (or the knowledge to know what to do with it) to put into the market would upping 401k contributions be worthwhile?
That's almost always worthwhile.
It will be months before the markets go up. Today we are at the location China was at the first of the year. It’s not 3k dead nor 30k dead. Try over 60k dead. The resilience China talks of today is all fake as with their numbers.
California hospitals are chaos now and we still don’t have tests, the nurses/docs feel unprepared and unprotected. This will get bad before it gets better unfortunately.
California hospitals are chaos now and we still don’t have tests, the nurses/docs feel unprepared and unprotected. This will get bad before it gets better unfortunately.
I'm talking about a temporary increase for the next month or so.
It entirely depends on what your goals are.
For me, personally, I'm still 30+ years away from being able to utilize my 401k. I'd personally rather dump money into the stock market every month at this time, as opposed to contributing more of my paycheck to a retirement I very well may never see (same can be said about a market rebound, but I think the chance of me surviving 5 more years compared 30 is worth mentioning). I'd rather dump money into the market knowing I will get a heavy return on my investment when the markets bounce back in a few years. That's money I can take and spend on nice things. If you contribute more to your 401k, you'll only be able to reap the benefits during retirement. Also, some employer 401k plans have limitations on what you can buy into. I'm not the biggest fan of being told what I can and can't invest in.
With that said, I'm still matching my company 401k contribution, as well as just enrolled in my companies stock purchase program. I figure on top of the 15% discount, it'll be the perfect time to buy into this.
IDK, when I think of California, especially SoCal, all I think about is chaos! Whether it be their traffic, citizens, housing, etc...all chaos in my mind. LOL
I think it's worthwhile.
On another note, when I see your profile pic I know your name and when I see your name your profile pic pops in my head. LOL You're an icon I guess.
Uhh, I don't know where you are getting the info about California hospitals... I work at one that took some of the first patients from TAFB. It's business as usual, minus the million phone calls we get now about how "My dad's-cousin's-friend's-sister was a patient there 6 months ago, is it possible I have the virus?"
This.
My lady works at Tri-City hospital and bounces around to one of 3 facilities here in San Diego depending on the patient load.
Its business as usual right now.
Buy the dip, use the crystal ball and balls of steel to load money into American companies set to blast up 2x to 5x over the next 2 years as trade deals kick in.
Buy American. I anticipate a 40,000 to 50,000 point Dow by 2024.
Obama and his wackiness saw 8500>17500 over 8 years, trump has actuall already seen 17,500>29,500 in 3 years.
This hiccup comes as a perfect time to buy. Bottom is max 22,500 if the virus ends up wiping out 10,000,000 Americans. Realistically, it’ll be like a double or triple flew season. Maybe we see 500,000 to 1.5M die. That is terrible, but the vast majority will be over 65, and already ill. Those would be people in situations as a whole that are more likely in some way net receivers of assistance, or tax programs designed to aid them than those contributing to tax programs, etc. In essence, their deaths will en mass be a loss in gdp as their spending will no longer be in play, but simultaneously any program assistance they receive will also be no longer expensed.
Inheritance and transfers of estate will revolve the circle of life and hand some moddest estates to eager and excited young blood to expand and grow, and simultaneously, some will be abandoned, repossessed, or worse disrespected and lost by unappreciative heirs, etc. Regardless, the market will do what it does which is seize the moment and seek to enrich itself.
Bottom line: trade deals are about to roll out. Leave the market if Bernie wins 2020.
Buy American. I anticipate a 40,000 to 50,000 point Dow by 2024.
Obama and his wackiness saw 8500>17500 over 8 years, trump has actuall already seen 17,500>29,500 in 3 years.
This hiccup comes as a perfect time to buy. Bottom is max 22,500 if the virus ends up wiping out 10,000,000 Americans. Realistically, it’ll be like a double or triple flew season. Maybe we see 500,000 to 1.5M die. That is terrible, but the vast majority will be over 65, and already ill. Those would be people in situations as a whole that are more likely in some way net receivers of assistance, or tax programs designed to aid them than those contributing to tax programs, etc. In essence, their deaths will en mass be a loss in gdp as their spending will no longer be in play, but simultaneously any program assistance they receive will also be no longer expensed.
Inheritance and transfers of estate will revolve the circle of life and hand some moddest estates to eager and excited young blood to expand and grow, and simultaneously, some will be abandoned, repossessed, or worse disrespected and lost by unappreciative heirs, etc. Regardless, the market will do what it does which is seize the moment and seek to enrich itself.
Bottom line: trade deals are about to roll out. Leave the market if Bernie wins 2020.
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Right on. We're going to cut-off at least 9 months of payments with a refi (including the refi cost).
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