Deleted
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Post by Deleted on Mar 25, 2020 9:04:47 GMT -5
I finally looked at my balances this morning. Ack. Down 18% from the last time I checked (would have been 2+ weeks ago), 20% YTD if I adjust to exclude a withdrawal I made. I'll be OK- my withdrawals are still sustainable. My financial plan was last re-run at the peak but I know that it factored in scenarios like this one. Scary times, though.
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TheOtherMe
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Post by TheOtherMe on Mar 25, 2020 11:22:17 GMT -5
I’m not sure how all of those are worded? For instance on rural broadband... this is a related issue... a ton of school just shifted to distance... friends who have no access to high speed internet are struggling and those districts can’t require schooling since they can’t guarantee access... I’m not sure about some of the others? I honestly haven’t read the whole thing yet. My nephew said that his school district can not require online school because there are too many areas without internet access due to the geography around here and it being rural. Also, not everyone can afford internet.
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MN-Investor
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Post by MN-Investor on Mar 25, 2020 11:25:49 GMT -5
I’m not sure how all of those are worded? For instance on rural broadband... this is a related issue... a ton of school just shifted to distance... friends who have no access to high speed internet are struggling and those districts can’t require schooling since they can’t guarantee access... I’m not sure about some of the others? I honestly haven’t read the whole thing yet. My nephew said that his school district can not require online school because there are too many areas without internet access due to the geography around here and it being rural. Also, not everyone can afford internet. I remember my husband trying to do a video conference on a computer when we had dial-up internet. Life was a lot easier when DSL became available in our area!
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TheOtherMe
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Post by TheOtherMe on Mar 25, 2020 11:37:06 GMT -5
I'm very lucky because my rural electric co-op has fiber optic. I'm in a town of 2000 people. Sister on farm gets electricity from same co-op, but no fiber optic.
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busymom
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Post by busymom on Mar 26, 2020 18:41:58 GMT -5
I'm not complaining, but in spite of all of the bad news in the US, the market is +1,352. Any guesses why?
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souldoubt
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Post by souldoubt on Mar 26, 2020 18:56:24 GMT -5
I can think of $2 trillion.
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busymom
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Post by busymom on Mar 27, 2020 17:41:34 GMT -5
The market was up earlier in the day, but the Dow closed at -915.
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jerseygirl
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Post by jerseygirl on Mar 27, 2020 19:00:24 GMT -5
The market was up earlier in the day, but the Dow closed at -915. Profit taking and more bad news about CV
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busymom
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Post by busymom on Mar 30, 2020 19:40:26 GMT -5
A pleasant surprise as the Dow closed up today. +691
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busymom
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Post by busymom on Apr 1, 2020 23:09:37 GMT -5
Today ended on the down side. -974.
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movingforward
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Post by movingforward on Apr 2, 2020 16:54:01 GMT -5
I'm baffled by the market being up today . I assumed it would tank with the jobs report.
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oped
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Post by oped on Apr 2, 2020 17:53:26 GMT -5
Trump says he's talking with Putin and Saudis about oil...
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thyme4change
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Post by thyme4change on Apr 2, 2020 18:02:27 GMT -5
I’m not sure how all of those are worded? For instance on rural broadband... this is a related issue... a ton of school just shifted to distance... friends who have no access to high speed internet are struggling and those districts can’t require schooling since they can’t guarantee access... I’m not sure about some of the others? I honestly haven’t read the whole thing yet. My nephew said that his school district can not require online school because there are too many areas without internet access due to the geography around here and it being rural. Also, not everyone can afford internet. The schools around here (including both of my kids' schools) called everyone to see if they had internet and an appropriate device. Anyone who didn't, the school district loaned them a Chromebook (which are super cheap, so even if they are all lost, probably still cheaper than paying the electricity for the schools), and they worked with the local internet provider to get everyone connected on the school's dime. Of course, we are urban, so that only tackles the cost side. If you live in an area with limited availability- that is a whole 'nother bag of dirt.
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jerseygirl
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Post by jerseygirl on Apr 2, 2020 18:35:59 GMT -5
Market was up on news Putin and Saudis close to sgreement
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TheOtherMe
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Post by TheOtherMe on Apr 2, 2020 18:55:13 GMT -5
Since our governor extended the school closing today, I just read that the school district is getting paper instructional materials to those who can not access the internet. We do have areas that are too hilly and remote and don't have internet. Some may have dial up or they may not. The problem if they have to use dial up is that all the calls are long distance so if you have lost the job, that's an issue.
My sister had to switch to satellite internet because he kids said they couldn't do their homework when they were in college.
The school is offering to educate the students because if they do not, they have to make up the days. The useless governor had waived the days previous to this time.
It was long distance for my dad to call either my sister or me. And forget teaching 90 year olds to use a cell phone. That was not going to happen.
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Deleted
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Post by Deleted on Apr 2, 2020 19:05:13 GMT -5
My nephew said that his school district can not require online school because there are too many areas without internet access due to the geography around here and it being rural. Also, not everyone can afford internet. The schools around here (including both of my kids' schools) called everyone to see if they had internet and an appropriate device. Anyone who didn't, the school district loaned them a Chromebook (which are super cheap, so even if they are all lost, probably still cheaper than paying the electricity for the schools), and they worked with the local internet provider to get everyone connected on the school's dime. Of course, we are urban, so that only tackles the cost side. If you live in an area with limited availability- that is a whole 'nother bag of dirt. My former district already issued chrome books to everyone. But internet access was still a problem. So now they are making some of the school buses wifi hotspots. Even more interesting, though, is that the state just "graduated" all seniors whose 3rd quarter grades were passing and who were otherwise on track to graduate. This is so they can focus on those kids who need credit recovery for last semester, this semester, whatever.
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thyme4change
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Post by thyme4change on Apr 2, 2020 19:29:51 GMT -5
The schools around here (including both of my kids' schools) called everyone to see if they had internet and an appropriate device. Anyone who didn't, the school district loaned them a Chromebook (which are super cheap, so even if they are all lost, probably still cheaper than paying the electricity for the schools), and they worked with the local internet provider to get everyone connected on the school's dime. Of course, we are urban, so that only tackles the cost side. If you live in an area with limited availability- that is a whole 'nother bag of dirt. My former district already issued chrome books to everyone. But internet access was still a problem. So now they are making some of the school buses wifi hotspots. Even more interesting, though, is that the state just "graduated" all seniors whose 3rd quarter grades were passing and who were otherwise on track to graduate. This is so they can focus on those kids who need credit recovery for last semester, this semester, whatever. My kids were both told as long as they do the work, their grade won't get worse. So, as long as they turn something in, they will get whatever grade they had on March 10th, even if they get 32% on everything. But, if they do well, their grade can get better.
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busymom
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Post by busymom on Apr 2, 2020 22:08:15 GMT -5
The Dow closed up. +470
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busymom
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Post by busymom on Apr 3, 2020 18:46:03 GMT -5
And, the Dow ends the day at -361. (Could getting the president off of the television help the market?)
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Deleted
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Post by Deleted on Aug 27, 2020 10:55:55 GMT -5
Anyone watching the markets LATELY? I'm considering locking in some of these gains and altering my asset allocation some. Not sure yet.
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Deleted
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Post by Deleted on Aug 27, 2020 11:03:28 GMT -5
I'm positive again for the year. I've been though downturns before and have learned to wait them out, while periodically weeding out under-performers as I go along. My advisor told me he had one couple, in their 40s with about $400K in retirement accounts, who sold out in April. He's following up to see about them getting back in. They aren't returning his calls.
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jerseygirl
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Post by jerseygirl on Aug 27, 2020 11:14:36 GMT -5
Fed is keeping interest rate near 0 so interest on savings acts, bonds CDs etc will stay low Almost ‘forcing’ folks to go to stocks to get any returns of any significance. Apple and Tesla are rockets probably some due to stock splits soon Good idea to take some stock gains but what to do with them? Pay off any loans certainly if not low apr or if having loan is causing some worry. Real estate? Too much work and hassle for me
Think economy showing signs of improving and doubt that people will accept any serious lock down again, also folks are seeing vaccine is coming by years end ( hope hope and pray!) Effective vaccine will allow economy to surge as it’s been artificially restrained by lock down (and virus)
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Deleted
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Post by Deleted on Aug 27, 2020 11:22:12 GMT -5
Good idea to take some stock gains but what to do with them? Pay off any loans certainly if not low apr or if having loan is causing some worry. Real estate? Too much work and hassle for me It's retirement accounts, so no spending it. Just think 85/15 might be a little heavy in stocks at 51.
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gs11rmb
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Post by gs11rmb on Aug 27, 2020 11:25:37 GMT -5
We've made back all our losses and passed a milestone a couple of weeks ago. I should be happy but I really don't think it's going to last. The stock market isn't reflecting what's happening in the general economy yet and in the next couple of years taxes will have to increase significantly to pay off all the stimulus.
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jerseygirl
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Post by jerseygirl on Aug 27, 2020 11:27:41 GMT -5
Good idea to take some stock gains but what to do with them? Pay off any loans certainly if not low apr or if having loan is causing some worry. Real estate? Too much work and hassle for me It's retirement accounts, so no spending it. Just think 85/15 might be a little heavy in stocks at 51. What is the 15% in? I bought individual bonds, don’t like bond funds like the certainty of individual bonds I also bought an annuity which allows some profit but without loss. Sure I’m giving up some potential profit but I’m happy with some stability in portfolio Agree 85% in market can be risky and worrisome in uncertain times
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Deleted
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Post by Deleted on Aug 27, 2020 11:33:22 GMT -5
It's retirement accounts, so no spending it. Just think 85/15 might be a little heavy in stocks at 51. What is the 15% in? I bought individual bonds, don’t like bond funds like the certainty of individual bonds I also bought an annuity which allows some profit but without loss. Sure I’m giving up some potential profit but I’m happy with some stability in portfolio Agree 85% in market can be risky and worrisome in uncertain times All VBTLX. No idea how to buy individual bonds in my 401K/IRA. And probably shouldn't anyhow because I know nothing about them.
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tallguy
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Post by tallguy on Aug 27, 2020 11:33:44 GMT -5
Good idea to take some stock gains but what to do with them? Pay off any loans certainly if not low apr or if having loan is causing some worry. Real estate? Too much work and hassle for me It's retirement accounts, so no spending it. Just think 85/15 might be a little heavy in stocks at 51. I'm about 99.5/0.5 and I'm older than you! I sold a small amount yesterday because I will have to this year anyway. (Retired and need to fill my 0% bracket.) Am taking $5000 out and may start some small repairs and things at the house. Will either withdraw or convert more later, probably in December.
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pulmonarymd
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Post by pulmonarymd on Aug 27, 2020 11:37:27 GMT -5
Fed is keeping interest rate near 0 so interest on savings acts, bonds CDs etc will stay low Almost ‘forcing’ folks to go to stocks to get any returns of any significance. Apple and Tesla are rockets probably some due to stock splits soon Good idea to take some stock gains but what to do with them? Pay off any loans certainly if not low apr or if having loan is causing some worry. Real estate? Too much work and hassle for me Think economy showing signs of improving and doubt that people will accept any serious lock down again, also folks are seeing vaccine is coming by years end ( hope hope and pray!) Effective vaccine will allow economy to surge as it’s been artificially restrained by lock down (and virus) . Anyone sending the market up because a vaccine will be available by years End is foolish. Maybe things will be better a year from now. We do not have any idea how effective any vaccine will be, even if one works, and how many doses are needed.
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jerseygirl
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Post by jerseygirl on Aug 27, 2020 11:45:58 GMT -5
We've made back all our losses and passed a milestone a couple of weeks ago. I should be happy but I really don't think it's going to last. The stock market isn't reflecting what's happening in the general economy yet and in the next couple of years taxes will have to increase significantly to pay off all the stimulus. I put too much in 401j now IRA that requires minimum required distribution that’s taxed and taxes will certainly increase. So now moving some to Roth cause IMHO taxes are relatively low now so take the tax pain now instead of more later. I’m worried about talk of taxing assets even unrealized stock gains (how this could be done is questionable). Also doing away with the lower capital gains rate. CGR is lower to take risk and inflation into consideration. Dems occasionally will discuss this and if it’s put into place will really have cause a real damper on the economy. And I’m not a ‘’Trumpster’ just trying to look at my little corner of the economy. Like the corporate tax rate decrease, I worked for 3 pharma companies bought by Irish companies due to lower corporate taxes there than in US. Lower tax rate allows more cash for research. Also allowing corps to bring back overseas profits to US at lower rates, not taxing 20% of small business profits. All of these good for economy snd US jobs, without a good economy there’s less $$ to help those in need. Don’t see any plans to stimulate economy coming from Dems. I’d certainly think about voting for Biden if anyone can show me. Be good to have growing economy and a non crazy weird government.
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Deleted
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Post by Deleted on Aug 27, 2020 11:46:30 GMT -5
We've made back all our losses and passed a milestone a couple of weeks ago. I should be happy but I really don't think it's going to last. The stock market isn't reflecting what's happening in the general economy yet and in the next couple of years taxes will have to increase significantly to pay off all the stimulus. I totally agree with that- I'm expecting more volatility but am happy that the mega-loss I had on paper is gone for now.
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