Quoted from investingdad:

Whysnow,
Set an equity to bond ratio based upon your age and comfort level, invest in mutual funds that meet that ratio, and then set it and forget it.
Investing is only complicated if you make it so.
Never triy to time the markets, just leave your investments the way they are based upon the ratio that you set.

Quoted from rai:

That's why Led Zep and the Stones became tax exiles.
It does discourage *me* from working extra hard or overtime because my later dollars are not worth as much.

Quoted from Trekkie1978:

Yet, people on welfare don't need to work for their benefits. I say that in order to collect benefits, one must be neutered or spayed.
Then when you're off welfare and you want kids, you can pay to get it reversed.

Quoted from Trekkie1978:

My retirement:
Whole life policy
Profit sharing plan
House paid off
Rental condo paid off
Savings
Proceeds from sale of my business
That's my current situation. Real estate isn't paid off yet, but will be before I retire.
What I would like to add:
2 more rental condos
Start 2 more businesses
As I near retirement, my portfolio will shift to produce more income
I'm single now, but if I ever get married, I'm marrying someone with a good career. I saw first hand what marrying a leech does...that will never happen to me.

Quoted from rai:

Hold tight or buy more is the correct answer.
https://www.google.com/amp/s/moneybadger.stocktwits.com/market-crashes-stock-sell-off/amp/
https://www.investopedia.com/articles/investing/021116/3-reasons-not-sell-after-market-downturn.asp
Did you not see the article I posted a few days ago said the average investor only makes around half of what the market actually returns? It’s because they try to time the market and wind up selling low and buying high.

Quoted from DBLM:

This is a trading market. You need to be very nimble on what is going on. Apple at 260 was a gift. If you are buying now, trailing stops are your friend.

Quoted from Zablon:

I am a bit resistant to throw everything in near the top. Maybe not the best idea, but I'm risk adverse.

Quoted from Xenon75:

Time in the market is key. I bought a public utility stock in 1979, set the dividends to reinvest and basically forgot about it. It has gone from $5.00 in 1979 to 68.98 as of 5 mins ago... the power of time and compounding as each quarter the dividends buy new shares.

Quoted from Trekkie1978:

That is my complaint...news isn't being reported. Conjecture is being reported.
I wish the news media would stick with the facts. Stick with ways to protect yourself. The chances of anyone getting the coronavirus are extremely low, but listening to the news media, one would never know that.

Quoted from BMore-Pinball:

Boeing is probably overpriced at $200 at this point in time

Quoted from Wickerman2:

Because when you are out on unpaid sick leave with the virus, you don't want too many taxes on your payroll that you aren't earning. Should provide a Yuuuuuge boost to the economy.

Quoted from Wickerman2:

It was sarcasm. Sorry forgot the:

Quoted from TheFamilyArcade:

If fracking stops maybe there’s a silver lining after all.

Quoted from TheFamilyArcade:

The other 300M in the country seeing the destruction of natural resources and the environment don’t agree. I don’t think short term jobs outweigh the future of the land and people that want to live on it. There’s a lot of options in this world to make money. Figure it out.

Quoted from Jimmyhonda:

I feel for the folks that were looking to retire right now and their 401k’s have been hammered. Hopefully they can hang in there until this market bounces back. We all know it will. The question is when.

Quoted from cait001:

Saw this comparison[quoted image]

Quoted from Richthofen:

The recession was going to happen anyways. You can't shut down major industries and put millions of people out of work, even temporarily, and not see a recession. Regardless of the value of equities, real economic activity (the thing equities used to be a proxy for, before the central banks decided to inflate everything forever) is going to crater. Most of us here on pinside are probably working professionals. Imagine all the people juggling part time jobs while their childcare and kids food mostly comes from public schools. Now the schools are closed and people have to choose between caring for their kids or going to work, if they're lucky enough to even still have a job. And then probably 10% of people are going to have medical bills.

Quoted from jackd104:

Worry not. It will come back. In 2-3 years.

Quoted from rai:

In all fairness to you, but does it matter? Because if it takes a long-ish time then you get the benefit of being able to buy more shares at a discount. Say you were investing $4K a month, I'd rather get to invest at cheaper prices than if it jumped right back and then all the stocks have a high PE you can buy more shares over this time that stocks will be recovering.
my 2c.
My point unless you are retired they you are likely adding to your holdings over time and it's better to have be buying at lower PEs than higher PEs as shove be evident that you will make more on shares you bought when they are cheaper.

Quoted from Deaconblooze:

Alright, so we're contributing to our kid's tax exempt college accounts. I think that's still a reasonable place to put our money, we're 34 with kids at 6 and 3(2). The plan is to put 6k total towards all 3 kids over the next 3 weeks (has to be in by tax time). I figure as much of an averaging as possible over that time would be of benefit, so we're going to put money in 2x per week. The options are limited, but currently I'm planning to put the money into a "aggressive index" plan, hoping to catch the bulk of the growth on rebound.
Anything glaringly bad about that plan?

Quoted from cottonm4:

Taxes were cut. All kinds of regulations were reversed. It did not take a genius to make those things happen. Everything for the last three years has been measured on how well the market was moving and always going up. It was jobs and the markets. It was all easy answers. Everything was great.
And now, in one fell swoop, the markets are not doing so hot. Jobs are going to disappear. And now, there are no easy answers. And the market participants don't trust any of easy answers that have been getting floated around.
At first, the virus did not exist. And then when it existed it was not going to be bad. And now that it is bad, it is too late for any chance at controlling it.

Quoted from cottonm4:

Boeing is down another $18.00 to $110.00.

Quoted from JodyG:

The government won't let Boeing fail. They are too engrained in our military and they have too many secrets at the end of the day.

Quoted from cottonm4:

I worked for Boeing back in the 80s. In '86 I was promoted to shop supervisor ( team lead was not around then). Airbus was just getting started and its first customer was Pan Am (later went bankrupt) that bought 3 Airbus airliners. Just 3. But it was a toe hold for Airbus to supply a slowly going broke company. The other airline companies now had a chance to see Airbus in action. By now, everybody knows the history. Airbus is serious completion. But at the point in time is was no so readily apparent; To some.
I had to go to a "new supervisor" training meeting. There was some upper mid-level manager running the meeting. Someone asked him about Airbus and Pan Am. etc. This mid-level idiot proceeded to laugh at the questioner and say that Airbus was no threat to the mighty Boeing; Something to that effect. The point is that Airbus sneaked in and Boeing management was asleep at the switch. Boeing is used to pushing its weight around in the aircraft market place for parts and everything else. The hubris of management finally caught up with it.
And while Boeing goes to the government with hat in hand, the ousted CEO walked away with a 40 million dollar pay package. And the taxpayers are going to be called on. Stinks.

Quoted from boscokid:

There is no limit to the number of IOUs they will write with our kids names on them

Quoted from BMore-Pinball:

Politics aside - and not stating an opinion on what he is doing .....
He is in a no-win situation with people that do not like him. There is nothing he can do to make his haters happy.
If he was not pushing the spending, they would be saying "people and businesses are hurting and he is not doing enough"

Quoted from Zablon:

Under 19k now

Quoted from Concretehardt:

https://www.wsj.com/articles/devilish-math-would-bring-market-down-another-40-11584540730[quoted image]

Quoted from DBLM:

It’s funny, I’m 42 and have a lucrative career. It used to be my ambition to retire in my mid fifty’s with a sum that would allow me to never work again. As I get older, I don’t think that is my plan anymore. 2 years ago I bought my dream house, which was incredibly expensive but a tremendous investment opportunity as it was significantly under valued. I have to pay this off, but I think I should be able to in the next 15 years or so while maintaining my current lifestyle. This is a long way around the horn to say that not only do I need to work for a while, but that I want to work longer. I enjoy what I do and take great pride in my work. My technical counterpart that I worked with for the past 4 years just retired at the age of 76. He has several millions of assets so has not needed to work for a while. However, he loved meeting with clients with me and said that work kept him young. I am meeting more and more people that are telling me similar things. I guess I will see how things play out as I get older but my thoughts on this have really started evolving over the last 6 months or so. Is anybody else having similar thoughts about wanting to work longer?

Quoted from usandthem:

As a gen x’er, this is the third big market disaster to take place during my working career (dot com bust, Great Recession, and whatever we end up calling this). I’ve made plenty of mistakes along the way. I just thought about the fact that this is the first meltdown to impact the Millennials. They must’ve thought that the market was easy money looking at their 401Ks over the last 10 years. I wonder if they’ll stick it out or panic like many of us have done in the past.

Quoted from loneacer:

I’m losing track of the number of coworkers I’ve had that have died in their 40s-60s. Literally worked until they died. About a month ago our CEO had a headache and went to the doctor. He was told he has aggressive brain cancer and won’t live a year. I don’t want that to be me.

Quoted from DBLM:

This is why you have to live now because we have no idea what the future holds. I hear a lot about the FIRE movement but frankly, it does not provide for the lifestyle that I want for myself and my family. My wife and I bought this house and a boat several years beforehand because we decided we wanted to enjoy some of the fruits of our labors while we are young. Does this mean we have to keep working? Sure. But we both like what we are doing and get to live our life now as opposed to waiting for retirement. And if I was to stroke out tomorrow, at least I got to enjoy it while I could and my wife and daughter would be taken care of.

Quoted from DBLM:

Technically not illegal but it is bullshit. All of the senators involved from both sides should go!

Quoted from cait001:

While not as outrageous as Bezos begging for humanitarian donations for his poverty-wage employees, my favourite brazen request for government money has to be from Hobby Lobby. (The company that was bizarrely found trafficking in ancient Iraq artifacts)

Quoted from swampfire:

Nope. The feds are helping people and companies. And it’s not a “bailout” if it’s something that these companies are (a) doing because it’s necessary to prevent disaster and (b) not their fault. 2009, now THAT was a bailout.

Quoted from Zablon:

This is what bugs me, corps get tons of money, poor get a little money, in the middle? Well you are out of luck so sorry so sad, you should have saved some money because you make more than minimum wage. How about we reverse this line of thinking everyone gets $1200 including executives, and then we see who the real geniuses are.

Quoted from cottonm4:

It is chicken and egg. People need money to live. If this govt. thing works. you get the money, and mortgage relief in that you cannot be kicked to the curb, etc. But I don't know how far $1200.00 will last for a single person living in New York or L.A.
But you also need the business to stay alive any way possible so you can get back to work. If does not one no good to get gift. help if their job/company go tits up.
Bottom line. A lot of people/ companies are going to get some money they don't need. But trying to be fair will be difficult. But the big Corporations will have to jump thru some accountability hoops so the money does not just fly away.

Quoted from Happy81724:

That probably is true especially when they say 80% has mild or no symptoms. If the death rate increases drastically then folks will pay attention.
I still cant believe how many people are out and about here in Michigan. I thought it would be a ghost town when I went to get milk.
I do think the stock market will drop tomorrow for various reasons including the increased cases

Quoted from taylor34:

You know, I've heard a couple other people throw out stuff like that. It's horse****. While the number of infected is clearly significantly higher than the number tested positive in the US, there's almost no possible way it's anywhere close to .05%. The cruise ship had 8 people die on it out of 700...everyone was tested on that ship. If it was .05%, not even 1 person should have died. And then you have that retirement home in Washington where a ton of residents passed away and I think there was only 80 of them.
Two clear examples where everyone was tested and the mortality rate was above 1%.
If the mortality rate was really that low, why would it be flooding the New York hospitals now?
South Korea tested the crap out of everyone. They're around .6% mortality rate. I think that is probably about where it's at on a normal population, the cruise ship was older but not nearly as old as you might think. BUT....that's only if the hospitals don't get overran.

Quoted from loneacer:

Go do some reading on the boglehead forums. These guys will keep you on your long term strategy and talk you out of making mistakes you'll regret.
https://www.bogleheads.org/forum/viewforum.php?f=1&sid=5af8a85261a4634f406add48667b2161

Quoted from loneacer:

I skimmed a couple pages of it and they seem a bit more civil
I don't go there often, don't even have an account there, but they're a calming influence during market turmoils. Lots of folks with multi-million dollar retirement accounts post there.

Quoted from loneacer:

I think their standard answer is your entire portfolio should be in some combination of total stock market, total bond market, and total international market. For most people (myself included), that's probably the best bet, but it sure is boring.

Quoted from Rondogg:

...not sure why this was moderated. He's talking about 2 very accepted terms for the growth spurts and not blaming anyone.

Quoted from Trekkie1978:

If the loser liberals don't harass me, I'll post.
They harass, I'm out of here.

Quoted from Zablon:

It definitely isn't for everyone. Some people need the socialization. Some people have too many distractions, etc. For some, work at home means no daycare, so they are dealing with their kids all day. Took awhile to train my wife that I was not her errand boy during the day.

Quoted from cottonm4:

I'm thinking some sideways action for a little while. It will be interesting to see if Prez pushes the April 30 date farther out.

Quoted from Rondogg:

Alcohol induced vitriol. He's like a chocoholic, but with alcohol. Nothing to see here...

Quoted from Zablon:

Sure if needlessly insulting those you disagree with every other post is 'positive and fun to read' for you...

Quoted from Zablon:

Nope, I'll just continue to call him on his bs. Oh that's right, he put me on ignore. Can't handle truth. Or maybe he's just too sensitive.
On topic, I believe this tweet that went out today is the reason for the push over 23k a few hours ago. Strange. Feels like manipulation more than positivity.
"Once we OPEN UP OUR GREAT COUNTRY, and it will be sooner rather than later, the horror of the Invisible Enemy, except for those that sadly lost a family member or friend, must be quickly forgotten. Our Economy will BOOM, perhaps like never before!!!"
Posted in #twitter-stream | Today at 10:02 AM
And I'm simply pointing out a possible reason for the uptick. Something I'm always trying to follow and understand the reasons for the movements of the market.

Quoted from iceman44:

Thank you Methos, POSITIVITY is a great thing brother!!
No vitriol intended, just poking a little a fun at KPG and he can take it like he dishes it out. People need to lighten it up man! There is enough doom and gloom out there.

Quoted from Zablon:

I was trying to be open minded as I don't truly know, but yes, I agree, I didn't think he was still relevant in the race.

Quoted from DCFAN:

I don’t know, a 30% unemployment rate could be seismic to the markets.
https://www.google.com/amp/s/www.cnbc.com/amp/2020/03/30/coronavirus-job-losses-could-total-47-million-unemployment-rate-of-32percent-fed-says.html

Quoted from DCFAN:

In the end it will come from Generations Y, Z, and beyond.

Quoted from Richthofen:

It’s still so early in the ballgame. But even so, 10,000 dead Americans and 16 million having filed for unemployment over the last four weeks is BAD.

Quoted from iceman44:Roku up big after hours on prelim numbers
TTD following
20 day and 50 day moving averages all that is relevant Right now
Market held support at 2730 closing at 2735, on the way to 2650 if that level doesn’t hold and then a possibility to fill the gap down to 2450
Great businesses with excellent balance sheets and little to no net debt win
Liquidity is awash all over the marketplace
If current levels hold shorts are gonna experience another round of short term pain!

Quoted from Atari_Daze:

Maybe take the write down now while the government is "promising" some AMAZING and BEAUTIFUL help, they say show hey look, we had to mothball all these aircraft DURING the crisis...?

Quoted from DCFAN:

The pain may just be beginning to show:
https://www.thestreet.com/investing/amc-is-said-in-talks-to-hire-bankruptcy-counsel?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

Quoted from Zablon:

One of the nice things about where I live, none of those things is usually an issue. There's something about going to the theater that is still better than watching it at home - even on large tv's - but I'm picky about what I'll go drop that kind of money on, and most just aren't worth it.

Quoted from Zablon:

Is part of the 'positive' sentiment in the market because stockholders tend to like layoffs? I've always found this whole thing counterproductive because in almost all cases if you're cutting workers, you aren't doing very well, but yet stockholders love it.

Quoted from RA77:

Devastated here Looks like we may have lost one of our great air carriers = less competition = higher prices.
Really sad because they were great to fly with.
Appears shareholders lost everything.
Are you guys expecting any of your air carriers to fall over ?
[quoted image]

Quoted from mcluvin:

Hell...

Quoted from swampfire:

There are rumors that they may not reopen the parks until 2021.

Quoted from taz:

I know, it's crazy! As I type this Boeing is up about 6% after announcing that they'd burned through $4.3B in cash last quarter and their flawed commercial airliner recertification has been pushed back to late Summer. Airlines are cancelling orders, Boeing's cutting staff, and their primary airliner's future just slid further into regulatory purgatory, meanwhile in upside down world their stock climbs in value.
Disney continues to climb too while most of their assets are closed down. I guess it's all in anticipation of a return to more normal conditions, but it's all too rich for my blood right now. Home sales also crashed 21% in March. I've been wrong on every instinct I've had for the past 5 weeks. Still, I sense a big correction is inevitable in the not too distant future, perhaps after next quarter losses arrive based on 3 months in this quagmire instead of only 1 month. Maybe that instinct will be wrong too, like all of my others and upside down world is the new normal.

Quoted from cottonm4:

Oh, yeah. Buffett sold all of his airline stocks. He is back on train time.
https://www.cnbc.com/2020/05/02/warren-buffett-says-berkshire-sold-its-entire-position-in-airlines-because-of-the-coronavirus.html
“I don’t know that three, four years from now people will fly as many passenger miles as they did last year,” he said. “You’ve got too many planes.”
” .....

Quoted from Concretehardt:

Mind boggling to think that the economy has been shut down for nearly 2 months, we have 30+ million people unemployed and the Nasdaq is only down 1% for the year.
The Fed is in a helicopter hovering over Wall Street shoveling cash at anything and everything!

Quoted from Concretehardt:

Me after seeing that Disney had a huge earnings miss, cut their dividend and the stock is up today..[quoted image]

Quoted from Concretehardt:

I think we will have a sell off tomorrow.

Quoted from DBLM:

Plus, it has come out that 70 testing sites were destroyed during the protests.
Good luck, all.

Quoted from swampfire:

Actually the bigger question/issue is, will half of the country accept the election outcome? I can see some unrest with either candidate being elected, unless it's a landslide margin.

Quoted from Richthofen:

Don't think you're right. Presidents and markets are loosely correlated.

Quoted from Mad_Dog_Coin_Op:

Tesla is a gamble on the future. Their batteries and self driving software could be the world standard. Then again, maybe not. I'll tell you what I do know. Millennial's bet on the future and their dollars are pushing this stock. I am sure this will run to $500 post split. These younger investors don't fully understand market cap. That $400 dollar share is going to look like a bargain to them. Is it a good buy? - no. Is it going to go up some more before correcting? - yes.

Quoted from Mad_Dog_Coin_Op:

Your

You’re missing my point. An average investor should be able to double their wealth in 7 years. Buffet did and does. You can buy Berkshire and be better off than Vanguard 2045. Just don’t sell yourself short. There is Money to be made. Why not make more of it....

Quoted from SantaEatsCheese:

You can't withdraw the money until you reach retirement age, but when you withdraw the money you do not pay income tax and you do not pay capital gains.
W

Quoted from DCFAN:

Also, the reason salaries and taxes are higher in more densely populated areas is because of supply and demand, not because the local government is squandering the tax revenue.

Quoted from DCFAN:

I feel there is too much deduction for dependents. Why should we be in the business of shorting the federal government (your words) for overpopulating? These types of disagreements on fairness could go on forever. I know we pay more than if we divorced and still lived like we are married. I have run the numbers. Double income and no kids is unfair in many ways but I would be happy with just the SALT deductions.

Quoted from iceman44:

Here's what i need everybody to do. Go to Seekingalpha.com, and start plugging in names like CCL, SPG, MAR, LUV, you name it, any beaten down "in the ditch stock".
Then look at the JUNE 8th spike on every single one see that spike, then look at the PRE COVID 52 week highs.
IF you can reason with yourself and conclude that JUST MAYBE, on the announcement of a vaccine that's coming SOON, then can that particular stock just simply get back to the JUNE 8th spike?
Go through the list, do that exercise, and then pick what YOU like, don't go by what i say. I'm just pointing out the potential strategy.
And again, it might be early, BUT you can't wait until after the VACCINE is announced folks.
Tick tock

Quoted from iceman44:

TTD and SE hit new highs.
See you soon!

Quoted from boscokid:

At least 34 Senate seats will be on the ballot in 2022 (12D and 22R) with 3 of the most vulnerable incumbent Rs Burr, Johnson and Toomey already declaring they wont run

Quoted from iceman44:

By “debunked” you mean ignored Lol

Quoted from Elvishasleft:

I expect lots of gridlock and money printing... so the rich will get much richer and the future will get mortgaged to death with debt.