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Stock Market Watch |OT| I've stocked up on market watches, what now?
- Thread starter Mr.Awesome
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Now's the time to go in on stocks. Last year, maybe you should have gone a bit more balanced, but now? I'd hit the throttle.
How old are you?
heh.... what I just said on discord "
to be fair disney hasn't even announced that they are closing their parks yet... which when that happens....
[10:56 AM]
that being said... it is tempting to buy later today and hope for a dead cat bounce, and if I don't get one just holding onto the stocks as they continue to fall."
I'm not worried about the US economy as a whole. Fundamentally Great companies don't suddenly suck because of Corona Virus.
I have money in my Roth (Schwab Target 2050 Index Fund). Is there any way to see my losses live, or do I have to wait until closing since mutual funds only update once a day at close?
He's basically talking about the payroll tax cut being hard but he'll eventually get it through and it's the biggest thing we can do.... Like what the actual fuck?
My recommendation, don't look at it till 2050. Just put more money in this week or next if you were planning to. 'Losses' don't exist till you sell it.
Jim Acosta @AcostaTrump on market reaction to Coronavirus response: "The stock market is still much higher than when I got here."
11:59 AM - Mar 12, 2020
I'm 37. I honestly have no idea how my current balance even happened. Everything is in Fidelity's managed funds, and I think I ended up with a default balance of things when my 401k got moved to them and I was too busy with work at the time to do any research into what was happening.
The panic has been increased by the 24-7 news cycle and social media etc
You'll have to wait.
But I seriously would consider just not looking for awhile.
Trump is in denial. He isn't going to stimulate and service businesses are going to close because of covid 19.
The million dollar question that is tough to determine. If the market keeps tanking then likely.
The million dollar question that is tough to determine. If the market keeps tanking then likely.
You're fine. Just keep going. Rebalance to a better balance in 5-10 years when everyone is telling you that it's dumb and the market is a rocket ship.
Fidelity usually uses your age and allocates accordingly. You might even be in a Target date fund.
Same as everything else, the bottom isn't here yet, because we still don't know how many people will be infected a week from now
People always say it's priced in.
Then reality hits.
And it's not priced in.
Every day I keep thinking to myself, 'Fuck I missed the VIX Rally again'.
Then Tomorrow happens.
I get that people are excited about getting in on a good deal, but I really don't have any reason to believe we are close to the bottom. Especially with all the new restrictions and cancellations coming online.
FOMO is worst when money is involved.
FOMO is worst when money is involved.
I remember mulling over whether or not to sell a few of my Amazon stocks a few weeks ago (when they were $2150 a piece), decided not to since I didn't need the money at the time (nor do I now).
Now they're at $1692.
I know you don't lose until you sell, but still I feel like shit lol
Now they're at $1692.
I know you don't lose until you sell, but still I feel like shit lol
Revenue: $1.00
Direct rev costs: ($0.40)
Fixed costs: ($0.45)
Profit:. $0.15
P/E multiple of 20 = 3
Revenue: $0.80
Direct rev costs: ($0.32)
Fixed costs: ($0.45)
Profit:. $0.03
P/E multiple of 20 = .60
Obviously just a thought exercise, but just a 20% hit in revenue had catastrophic effects on earnings, cash flow, credit covenants, etc.
I said on Reddit that I expected a -5,000 drop. We're already at -2,200 today. I don't see it going up anytime soon. Buckle up, this is only the start IMO. Also, the way Americans deal with coronavirus makes me nervous for the coming weeks...
I am in the same boat with a lot of my company stock/ESPP/RSU
hurts lol
Ive was of the idea "Theres definitely a recession coming" for years during trumps presidency, yet I never sold until Tuesday lol. I wish I would've the second this rona stuff got worldwide
yeah I'm just wondering how quickly after the second stop we hit it if there is a second stop today.
Remember that story a week or two about the guy who bought $1,845 puts, about $920K of them, and then Robinhood was out while the market was rallying and he couldn't close them? At best, he got back half his money depending when he closed.
Brehs we are about to hit a level when trump came into office. I expected a recession to hit, but I didn't expect THIS.
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