Quote: @StickyBun said:
@"BarrNone55" said:
@ StickyBun said:
California has gone shelter in place. 40 million people. Wow
Holy. Shit.
The market is not going to like this development.
That was my first thought, I parked a bunch of cash in my EJ account to be ready to pounce when the market is ready, I hope that isnt my biggest holding by the time this thing turns around. I dont think wall street has the stomach for wall street anymore. I really feel sorry for those that are only a few years off from retirement and should have moved off the stocks and funds for safer markets but were enjoying the ride a little to long. I am sure a lot of them took a monster haircut that will affect their quality of living until they are gone.
Quote: @JimmyinSD said:
@ StickyBun said:
@"BarrNone55" said:
@ StickyBun said:
California has gone shelter in place. 40 million people. Wow
Holy. Shit.
The market is not going to like this development.
That was my first thought, I parked a bunch of cash in my EJ account to be ready to pounce when the market is ready, I hope that isnt my biggest holding by the time this thing turns around. I dont think wall street has the stomach for wall street anymore. I really feel sorry for those that are only a few years off from retirement and should have moved off the stocks and funds for safer markets but were enjoying the ride a little to long. I am sure a lot of them took a monster haircut that will affect their quality of living until they are gone.
Some people are going to have to put off retirement because of this. Zero doubt about it. It will rebound but its going to take time. And to what level it rebounds will remain to be seen. The drop was so quick and dramatic most people haven't changed anything. Very bad news for those wanting to retire this year or the next 2 for sure.
Quote: @StickyBun said:
@ JimmyinSD said:
@ StickyBun said:
@"BarrNone55" said:
@ StickyBun said:
California has gone shelter in place. 40 million people. Wow
Holy. Shit.
The market is not going to like this development.
That was my first thought, I parked a bunch of cash in my EJ account to be ready to pounce when the market is ready, I hope that isnt my biggest holding by the time this thing turns around. I dont think wall street has the stomach for wall street anymore. I really feel sorry for those that are only a few years off from retirement and should have moved off the stocks and funds for safer markets but were enjoying the ride a little to long. I am sure a lot of them took a monster haircut that will affect their quality of living until they are gone.
Some people are going to have to put off retirement because of this. Zero doubt about it. It will rebound but its going to take time. And to what level it rebounds will remain to be seen. The drop was so quick and dramatic most people haven't changed anything. Very bad news for those wanting to retire this year or the next 2 for sure.
I am fully expecting 5 years+ to see my account back to where it was a month or so ago, minus any new investments and their returns, but i am young enough that I think with an aggressive approach the next few months and years could really set me up nicely for retirement. There should be some real bargains come out of this as well as some new possibilities that are driven by societal changes that create new opportunities. Scary but exciting times.
My kids in LA...Been warning them for about a week now to play prepper. Hopefully our dire boomer warnings have been heeded.
Quote: @StickyBun said:
@ JimmyinSD said:
@ StickyBun said:
@"BarrNone55" said:
@ StickyBun said:
California has gone shelter in place. 40 million people. Wow
Holy. Shit.
The market is not going to like this development.
That was my first thought, I parked a bunch of cash in my EJ account to be ready to pounce when the market is ready, I hope that isnt my biggest holding by the time this thing turns around. I dont think wall street has the stomach for wall street anymore. I really feel sorry for those that are only a few years off from retirement and should have moved off the stocks and funds for safer markets but were enjoying the ride a little to long. I am sure a lot of them took a monster haircut that will affect their quality of living until they are gone.
Some people are going to have to put off retirement because of this. Zero doubt about it. It will rebound but its going to take time. And to what level it rebounds will remain to be seen. The drop was so quick and dramatic most people haven't changed anything. Very bad news for those wanting to retire this year or the next 2 for sure.
We're right in that age bracket...
Haven't had the courage to open my financial planning dashboard for a while, why induce that kind of stress into the system? I believe the bounce-back will be a good one.
Virtual meeting with financial planner in the next couple of weeks. We'll see and roll from there.
Quote: @purplefaithful said:
@ StickyBun said:
@ JimmyinSD said:
@ StickyBun said:
@"BarrNone55" said:
@ StickyBun said:
California has gone shelter in place. 40 million people. Wow
Holy. Shit.
The market is not going to like this development.
That was my first thought, I parked a bunch of cash in my EJ account to be ready to pounce when the market is ready, I hope that isnt my biggest holding by the time this thing turns around. I dont think wall street has the stomach for wall street anymore. I really feel sorry for those that are only a few years off from retirement and should have moved off the stocks and funds for safer markets but were enjoying the ride a little to long. I am sure a lot of them took a monster haircut that will affect their quality of living until they are gone.
Some people are going to have to put off retirement because of this. Zero doubt about it. It will rebound but its going to take time. And to what level it rebounds will remain to be seen. The drop was so quick and dramatic most people haven't changed anything. Very bad news for those wanting to retire this year or the next 2 for sure.
We're right in that age bracket...
Haven't had the courage to open my financial planning dashboard for a while, why induce that kind of stress into the system? I believe the bounce-back will be a good one.
Virtual meeting with financial planner in the next couple of weeks. We'll see and roll from there.
Do yourself a favor and don't look: it's horrible.
Quote: @purplefaithful said:
My kids in LA...Been warning them for about a week now to play prepper. Hopefully our dire boomer warnings have been heeded.
Yeah, my son and his gf live in Denver and I've told them the same. He gets it, he just hates grocery shopping lol. They do a decent amount of cooking from home for millennials anyway, so they'll be fine. They roll their own sushi, for crying out loud. He works remotely for his job and she just went full time remote on Monday.....
Quote: @purplefaithful said:
@ StickyBun said:
@ JimmyinSD said:
@ StickyBun said:
@"BarrNone55" said:
@ StickyBun said:
California has gone shelter in place. 40 million people. Wow
Holy. Shit.
The market is not going to like this development.
That was my first thought, I parked a bunch of cash in my EJ account to be ready to pounce when the market is ready, I hope that isnt my biggest holding by the time this thing turns around. I dont think wall street has the stomach for wall street anymore. I really feel sorry for those that are only a few years off from retirement and should have moved off the stocks and funds for safer markets but were enjoying the ride a little to long. I am sure a lot of them took a monster haircut that will affect their quality of living until they are gone.
Some people are going to have to put off retirement because of this. Zero doubt about it. It will rebound but its going to take time. And to what level it rebounds will remain to be seen. The drop was so quick and dramatic most people haven't changed anything. Very bad news for those wanting to retire this year or the next 2 for sure.
We're right in that age bracket...
Haven't had the courage to open my financial planning dashboard for a while, why induce that kind of stress into the system? I believe the bounce-back will be a good one.
Virtual meeting with financial planner in the next couple of weeks. We'll see and roll from there.
Same here, planning to put it off till September. I had a portion in cash, since 2016, my advisor had been giving me shit about. I said I was investing in plastics, PVC pipe and end-caps and had it sitting in the Savings and Loam.
God bless the Mayo clinic..
--------------------------
Mayo Clinic upgrades its coronavirus testing capabilities
The health system can now process up to 4,000 tests each day. By comparison, the Minnesota Department of Health lab has tested just over 3,000 people in total since the pandemic began.
https://www.bizjournals.com/twincities/n...=e_me_set1&j=90500827&t=Morning&mkt_tok=eyJpIjoiWXpsbE0ySmlPRGswWVRoaiIsInQiOiJkazRtd2RoV0hnR3R3ZkZpbDNCUzNXWkVXUXdVZlwvSU5hUTFaZnpoRnI5a0hOQmgrS0RMQ0d2Qmhzbk9xWThRdzkwbnZGUGo4Qm9jenNEMitLV1VYYTRsOGs1dlFINUVOUzhvaVpyVVgwVVBKZDdrTitMcGlxXC9EbEhNclMwMGNKaW5mQ2k4YXljSk81cWJ0STRTWXU4QT09In0%3D
NY Gov just orders all employers to send workers home and bans gatherings of any size.... does this shut down Wall Street?
|
