Investing, Stock Market and Retirement Planning Thread

Freddy Rumsen
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Investing, Stock Market and Retirement Planning Thread

Postby Freddy Rumsen » Thu Mar 26, 2020 8:35 am


Troy Loney
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Postby Troy Loney » Thu Mar 26, 2020 8:38 am

jobless claims soar to a record-breaking 3.28 million, vs 1.5 million expected
Expected by whom?

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Investing, Stock Market and Retirement Planning Thread

Postby shafnutz05 » Thu Mar 26, 2020 11:28 am

jobless claims soar to a record-breaking 3.28 million, vs 1.5 million expected
Expected by whom?
Heh, my thoughts exactly.

Freddy Rumsen
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Investing, Stock Market and Retirement Planning Thread

Postby Freddy Rumsen » Thu Mar 26, 2020 1:04 pm


Troy Loney
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Investing, Stock Market and Retirement Planning Thread

Postby Troy Loney » Thu Mar 26, 2020 1:10 pm

Amazing that the stock market already crashed and recovered before the economy actually realized the impact.

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Investing, Stock Market and Retirement Planning Thread

Postby iamjs » Thu Apr 02, 2020 4:12 pm


NTP66
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Postby NTP66 » Thu Apr 02, 2020 4:13 pm

:lol: :lol: :lol: That's gold... and sad.

MrKennethTKangaroo
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Investing, Stock Market and Retirement Planning Thread

Postby MrKennethTKangaroo » Fri Apr 03, 2020 8:30 am

For those of you who read the big short and remember the young dudes of cornwall capital, this is a perfect opportunity for their strategy. the value of the S&P 500 is either 30% higher than it was right now (2526) (assuming everything goes back to relative normalcy in short order) or much lower than the recent low of 2191.

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Investing, Stock Market and Retirement Planning Thread

Postby mac5155 » Sat Apr 04, 2020 12:01 am

For those of you who read the big short and remember the young dudes of cornwall capital, this is a perfect opportunity for their strategy. the value of the S&P 500 is either 30% higher than it was right now (2526) (assuming everything goes back to relative normalcy in short order) or much lower than the recent low of 2191.
Ty for inspiring me to watch the big short this evening.

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Investing, Stock Market and Retirement Planning Thread

Postby faftorial » Sat Apr 04, 2020 12:18 am

That's where I'm at too, it's the devil you know type of situation.

I am curious what happens with the money in the pension. My pension is currently valued at about 30% of what my 401k value currently is.
I didn't know that people outside the public sector still had pensions.

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Investing, Stock Market and Retirement Planning Thread

Postby mac5155 » Sat Apr 04, 2020 10:07 pm

That's where I'm at too, it's the devil you know type of situation.

I am curious what happens with the money in the pension. My pension is currently valued at about 30% of what my 401k value currently is.
I didn't know that people outside the public sector still had pensions.
It aint much. I think they contribute like 3 percent of my salary annually. I work for a purple delivery company.

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Postby NTP66 » Sun Apr 05, 2020 8:38 am

Our pension was ended last summer, and most of us rolled over that cash into our 403b’s. Our new matching plan is now in effect, but rather than having the match deposited with each paycheck, it’s an annual deposit in late spring/early summer. Not really a fan of that, personally.

Troy Loney
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Investing, Stock Market and Retirement Planning Thread

Postby Troy Loney » Sun Apr 05, 2020 9:18 am

That's where I'm at too, it's the devil you know type of situation.

I am curious what happens with the money in the pension. My pension is currently valued at about 30% of what my 401k value currently is.
I didn't know that people outside the public sector still had pensions.
It aint much. I think they contribute like 3 percent of my salary annually. I work for a purple delivery company.
Mine is also 3% pay credit and then interest credits, it’s comes to about 4K a year for me now. If I make it 35 years it will be like social security income, in case we don’t get that anymore when millennials retire.

mac5155
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Postby mac5155 » Sun Apr 05, 2020 1:04 pm

Our pension was ended last summer, and most of us rolled over that cash into our 403b’s. Our new matching plan is now in effect, but rather than having the match deposited with each paycheck, it’s an annual deposit in late spring/early summer. Not really a fan of that, personally.
Isn't that basically why most companies don't like pensions, because they dont have to do lump sum contributions?

MrKennethTKangaroo
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Investing, Stock Market and Retirement Planning Thread

Postby MrKennethTKangaroo » Sun Apr 05, 2020 1:50 pm

They don't like it because it forces them to pay a guaranteed amount to the recipient for an unknown amount of time.

Freddy Rumsen
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Postby Freddy Rumsen » Mon Apr 06, 2020 8:37 am

Worth considering:


Troy Loney
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Postby Troy Loney » Mon Apr 06, 2020 8:44 am

I also wonder how long it's going to take people to feel comfortable doing things like restaurants and bars.

I think the entire at-risk population will have to avoid the public arena until there's a vaccine, but I know for myself, I wont do things like concerts or sports events until then either.

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Investing, Stock Market and Retirement Planning Thread

Postby robbiestoupe » Mon Apr 06, 2020 8:46 am

Our company pays 3% into our 401k at the end of the year as our "pension". It's a huge advantage to them because you have to be employed on December 31st to get the lump sum. Get laid off December 30th? No soup for you.

NTP66
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Postby NTP66 » Mon Apr 06, 2020 8:49 am

I also wonder how long it's going to take people to feel comfortable doing things like restaurants and bars.

I think the entire at-risk population will have to avoid the public arena until there's a vaccine, but I know for myself, I wont do things like concerts or sports events until then either.
Same here. I'll still probably do take out/delivery, but won't be going out nearly as much as I have in the past until we either have a vaccine, or some treatment with a really high rate of success.

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Postby willeyeam » Mon Apr 06, 2020 8:51 am

yeah I don't think there's just a "open the economy back up" stage where everything goes back to normal. Until this actually goes away or has a vaccine people are going to be hesitant and staying home/not traveling or spending money out as much as possible

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Postby mikey » Mon Apr 06, 2020 8:54 am

I think it'll be a pretty 'soft' opening...but I'll assume if given an inch, most people will take a foot...if bars are open, people are going to be at them...

Germany looks to be one of the first to unveil plans on getting "back to normal"...I'll await our German correspondent, @Gaucho on the details...

Troy Loney
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Investing, Stock Market and Retirement Planning Thread

Postby Troy Loney » Mon Apr 06, 2020 9:33 am

yeah I don't think there's just a "open the economy back up" stage where everything goes back to normal. Until this actually goes away or has a vaccine people are going to be hesitant and staying home/not traveling or spending money out as much as possible
That's kind of where I envision it. In terms of a new normal, my employer just sent an email about mask guidance and they are going to procure them for all customer facing employees. I think we'll be back in the office next month and all wearing masks, no more "town hall" or "all hands' meetings", everything via skype.

I think global GDP is going to probably settle at a lower level sparked by a drastic decline in hospitality, dining, air travel and tourism. I think the rebound is going to be slower than people are implying.

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Investing, Stock Market and Retirement Planning Thread

Postby count2infinity » Mon Apr 06, 2020 9:41 am

I think it'll be a pretty 'soft' opening...but I'll assume if given an inch, most people will take a foot...if bars are open, people are going to be at them...

Germany looks to be one of the first to unveil plans on getting "back to normal"...I'll await our German correspondent, @Gaucho on the details...
Do you have an article on Germany's plans? I have a Germany trip planned for late October. I'd love to see what their plan looks like.

robbiestoupe
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Investing, Stock Market and Retirement Planning Thread

Postby robbiestoupe » Mon Apr 06, 2020 9:43 am

It all depends on how this virus survives the summer. Will it morph into a more lethal strain, or a less powerful one? Most of these mega-viruses only last one season. The 1918 flu hit twice, the second time more lethal in the summer/fall of 1918. But by November that year, it had mostly gone away.

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Investing, Stock Market and Retirement Planning Thread

Postby NTP66 » Mon Apr 06, 2020 9:46 am

There were early reports that this straight was not morphing at all, or at least morphing very, very slowly. Not sure if that actually helps, though.

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