OilerTitanHybrid Posted March 30, 2020 Report Share Posted March 30, 2020 Cut off the damn maid service! LOL That's worse than any virus. TR is fucked in 3... 2... 1... Link to post Share on other sites More sharing options...
OilerTitanHybrid Posted March 30, 2020 Report Share Posted March 30, 2020 In the year SPX 2626... Link to post Share on other sites More sharing options...
OILERMAN Posted March 30, 2020 Report Share Posted March 30, 2020 The market appears to place corporate handouts/stimulus over middle class pandemic sickness/unemployment Starkiller, ChemEngr79, and abenjami 3 Link to post Share on other sites More sharing options...
OILERMAN Posted March 31, 2020 Report Share Posted March 31, 2020 Futures are up again... If ever there was a clear picture of the stock market not being a true reflection of the real economy it's now. Combining last week with today the market is on a pretty big tear. Who knows if it keeps going up but it's pretty crazy it's went up this much the last week + anyway Downtown, and abenjami 2 Link to post Share on other sites More sharing options...
Downtown Posted March 31, 2020 Report Share Posted March 31, 2020 4 minutes ago, OILERMAN said: Futures are up again... If ever there was a clear picture of the stock market not being a true reflection of the real economy it's now. Combining last week with today the market is on a pretty big tear. Who knows if it keeps going up but it's pretty crazy it's went up this much the last week + anyway I have to think this is macro manipulation of some kind. There’s no way all of these companies have clear evaluations right now, even for the most optimistic of folks. The real economic numbers and uncertainty should make them even less valuable over this week! pat 1 Link to post Share on other sites More sharing options...
Downtown Posted March 31, 2020 Report Share Posted March 31, 2020 Just now, Downtown said: I have to think this is macro manipulation of some kind. There’s no way all of these companies have clear evaluations right now, even for the most optimistic of folks. The real economic numbers and uncertainty should make them even less valuable over this week! Speaking of valuations @OILERMAN, the USPS outlook is not looking too rosy at the moment. Be glad you saved wisely. Link to post Share on other sites More sharing options...
Starkiller Posted March 31, 2020 Report Share Posted March 31, 2020 1 hour ago, OILERMAN said: The market appears to place corporate handouts/stimulus over middle class pandemic sickness/unemployment I think people legit have no where else to put their money right now and are just investing in the market again hoping it’s at the bottom OILERMAN 1 Link to post Share on other sites More sharing options...
OILERMAN Posted March 31, 2020 Report Share Posted March 31, 2020 8 hours ago, Downtown said: Speaking of valuations @OILERMAN, the USPS outlook is not looking too rosy at the moment. It wasn't reported much but the Stimulus bill that left the house had a very good bailout for the USPS, wiped away the 11 bill in debt(prefunding retiree healthcare), gave us 25 bill for the next two years for lost revenue during the pandemic and another 15 bill available if needed to borrow. Mail has plummeted since the country shut down. Trump personally stepped in and said he wouldn't sign it with the USPS stuff in there. Likely because of the deal the USPS has with Amazon and Bezos. Pelosi has since said they'll have to go back and address the USPS, they will run out of money this summer if the course stays unchanged with the virus. They'll do something but it could pave the way to strip away pay and benefits. Link to post Share on other sites More sharing options...
Popular Post OILERMAN Posted March 31, 2020 Popular Post Report Share Posted March 31, 2020 8 hours ago, Downtown said: Be glad you saved wisely. Way back when Bush was president he signed this https://theweek.com/articles/767184/how-george-bush-broke-post-office Around the same time my house flooded, home insurance doesn't cover floods. I had a mortgage, 2 new car payments etc.... If I didn't have about 20k in my pokerstars account I would have been hurting with all the out of pocket expenses. I didn't have much credit card debt and had a decent savings account but it would have cleaned me out. I was probably mid to late 30s. Both events made me reevaluate everything financially. I realized our incomes weren't as safe long term as I thought and how one catastrophe could devastate you. It happens to people all the time. I went full bore getting out of debt then investing as much as I could so I didn't have to rely on anything I receive from the USPS. We work as much OT as possible and invest it all on top. Now worst case scenario the Post Office closes tomorrow and we could get part time jobs at McDonalds and pay our bills and be fine with what I have invested. Our pensions are actually secured though the federal government and not connected the USPS so those are much safer. But there is a piece of mind being with financial freedom that's invaluable. I have also come to understand how much unnecessary shit people buy and spend money on. CreepingDeath, Downtown, Jamalisms, and 3 others 6 Link to post Share on other sites More sharing options...
OilerTitanHybrid Posted March 31, 2020 Report Share Posted March 31, 2020 11 hours ago, OILERMAN said: Futures are up again... If ever there was a clear picture of the stock market not being a true reflection of the real economy it's now. Combining last week with today the market is on a pretty big tear. Who knows if it keeps going up but it's pretty crazy it's went up this much the last week + anyway Have always heard though, that the market is forward looking. Along with the stimulus being thrown in - and possibly more later on if needed, it stabilized enough for people like me, the 2.5 billion in equities guy and others to buy back in. I guess you could say that the market 'social distanced' itself from the bullshit. lol It could still go back the other way and retest whenever it wants to though, over the next month. If so, I'll try to be ready again to buybuybuy as much as possible. It won't be as much as I put into this last bottom, but hopefully I can still scrape up something. OILERMAN 1 Link to post Share on other sites More sharing options...
Mythos27 Posted April 1, 2020 Report Share Posted April 1, 2020 Thinking of finally investing for the first time. That bail out money is going straight into the market. Here's what I'm thinking, tell me if I'm stupid, I'm probably gonna buy vanguard growth and value ETFs. OILERMAN, and pat 2 Link to post Share on other sites More sharing options...
Downtown Posted April 1, 2020 Report Share Posted April 1, 2020 3 hours ago, Mythos27 said: Thinking of finally investing for the first time. That bail out money is going straight into the market. Here's what I'm thinking, tell me if I'm stupid, I'm probably gonna buy vanguard growth and value ETFs. You should wait. They fired their shot with the stimulus and there’s a whole other month of bad news on the horizon. But who knows? In this new world order, Republicans don’t care how big the deficit balloons. ChemEngr79, and Mythos27 2 Link to post Share on other sites More sharing options...
pat Posted April 1, 2020 Report Share Posted April 1, 2020 On 3/29/2020 at 10:01 AM, OILERMAN said: You have too much faith. I'd love for this to be true, it would actually help the middle class and economy but it's highly unlikely you're right. Look at the stimulus bill just passed, look at the Feds actions, look at the politicians. All designed to prop up the status quo. This is what I mean by the end of neo liberalism: https://www.nytimes.com/2020/03/31/world/asia/coronavirus-china-hong-kong-singapore-south-korea.html?action=click&module=Top Stories&pgtype=Homepage Without being able to travel, the world will become much more feudal than we are used to. OILERMAN 1 Link to post Share on other sites More sharing options...
pat Posted April 1, 2020 Report Share Posted April 1, 2020 On 3/31/2020 at 5:37 AM, OILERMAN said: Way back when Bush was president he signed this https://theweek.com/articles/767184/how-george-bush-broke-post-office Around the same time my house flooded, home insurance doesn't cover floods. I had a mortgage, 2 new car payments etc.... If I didn't have about 20k in my pokerstars account I would have been hurting with all the out of pocket expenses. I didn't have much credit card debt and had a decent savings account but it would have cleaned me out. I was probably mid to late 30s. Both events made me reevaluate everything financially. I realized our incomes weren't as safe long term as I thought and how one catastrophe could devastate you. It happens to people all the time. I went full bore getting out of debt then investing as much as I could so I didn't have to rely on anything I receive from the USPS. We work as much OT as possible and invest it all on top. Now worst case scenario the Post Office closes tomorrow and we could get part time jobs at McDonalds and pay our bills and be fine with what I have invested. Our pensions are actually secured though the federal government and not connected the USPS so those are much safer. But there is a piece of mind being with financial freedom that's invaluable. I have also come to understand how much unnecessary shit people buy and spend money on. This made me reflect on what I did in 2008. I've spent most of my time working on developing revenue. Why didn't I get scared into saving? At the time I was working 4 days a week at an arts organization. On Fridays I did consulting work. Basically ~34% of my income came from that 20% of my working hours. Worried about the economy, I decided what I needed was more of that consulting income. So I quit my job. It paid off quickly. Within a quarter I'd replaced the lost income and then some. Looking back it was a crazy decision for sure. It shows the importance of actually doing the math on your finances. The right move may be surprising. OILERMAN, and ChemEngr79 2 Link to post Share on other sites More sharing options...
OILERMAN Posted April 1, 2020 Report Share Posted April 1, 2020 40 minutes ago, patsplat said: I've spent most of my time working on developing revenue. Why didn't I get scared into saving? I listen a a daily podcast that's only 3-5 mins long that has tips on various issues. It gave a financial tip that I thought was very simple yet powerful. It was talking about investing and how you could reach financial freedom with a very basic formula. Monthly income - monthly spending = left over money to invest. To answer your question, you should do both. The higher the final number the quicker you'll get there and the more you'll have Starkiller, and pat 2 Link to post Share on other sites More sharing options...
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