Expected by whom?jobless claims soar to a record-breaking 3.28 million, vs 1.5 million expected
Investing, Stock Market and Retirement Planning Thread
-
- Posts: 35315
- Joined: Wed Mar 25, 2015 11:50 am
- Location: "Order is the only possibility of rest." -- Wendell Berry
-
- Posts: 27659
- Joined: Wed Mar 25, 2015 3:03 pm
Investing, Stock Market and Retirement Planning Thread
-
- Posts: 50590
- Joined: Tue Mar 24, 2015 7:27 pm
- Location: A moron or a fascist...but not both.
Investing, Stock Market and Retirement Planning Thread
Heh, my thoughts exactly.Expected by whom?jobless claims soar to a record-breaking 3.28 million, vs 1.5 million expected
-
- Posts: 35315
- Joined: Wed Mar 25, 2015 11:50 am
- Location: "Order is the only possibility of rest." -- Wendell Berry
-
- Posts: 27659
- Joined: Wed Mar 25, 2015 3:03 pm
Investing, Stock Market and Retirement Planning Thread
Amazing that the stock market already crashed and recovered before the economy actually realized the impact.
-
- Posts: 61006
- Joined: Sun Oct 04, 2015 2:00 pm
- Location: FUCΚ! Even in the future nothing works.
Investing, Stock Market and Retirement Planning Thread
That's gold... and sad.
-
- Posts: 12539
- Joined: Sat Mar 28, 2015 3:50 pm
Investing, Stock Market and Retirement Planning Thread
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.
Investing, Stock Market and Retirement Planning Thread
Ty for inspiring me to watch the big short this evening.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.
Investing, Stock Market and Retirement Planning Thread
I didn't know that people outside the public sector still had pensions.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.
Investing, Stock Market and Retirement Planning Thread
It aint much. I think they contribute like 3 percent of my salary annually. I work for a purple delivery company.I didn't know that people outside the public sector still had pensions.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.
-
- Posts: 61006
- Joined: Sun Oct 04, 2015 2:00 pm
- Location: FUCΚ! Even in the future nothing works.
Investing, Stock Market and Retirement Planning Thread
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.
-
- Posts: 27659
- Joined: Wed Mar 25, 2015 3:03 pm
Investing, Stock Market and Retirement Planning Thread
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.It aint much. I think they contribute like 3 percent of my salary annually. I work for a purple delivery company.I didn't know that people outside the public sector still had pensions.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.
Investing, Stock Market and Retirement Planning Thread
Isn't that basically why most companies don't like pensions, because they dont have to do lump sum contributions?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.
-
- Posts: 12539
- Joined: Sat Mar 28, 2015 3:50 pm
Investing, Stock Market and Retirement Planning Thread
They don't like it because it forces them to pay a guaranteed amount to the recipient for an unknown amount of time.
-
- Posts: 35315
- Joined: Wed Mar 25, 2015 11:50 am
- Location: "Order is the only possibility of rest." -- Wendell Berry
Investing, Stock Market and Retirement Planning Thread
Worth considering:
-
- Posts: 27659
- Joined: Wed Mar 25, 2015 3:03 pm
Investing, Stock Market and Retirement Planning Thread
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.
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.
-
- Posts: 11603
- Joined: Thu Apr 30, 2015 3:27 pm
Investing, Stock Market and Retirement Planning Thread
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.
-
- Posts: 61006
- Joined: Sun Oct 04, 2015 2:00 pm
- Location: FUCΚ! Even in the future nothing works.
Investing, Stock Market and Retirement Planning Thread
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.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.
Investing, Stock Market and Retirement Planning Thread
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
-
- Posts: 42710
- Joined: Thu Mar 26, 2015 10:58 pm
- Location: More of a before-rehab friend...
- Contact:
Investing, Stock Market and Retirement Planning Thread
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...
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...
-
- Posts: 27659
- Joined: Wed Mar 25, 2015 3:03 pm
Investing, Stock Market and Retirement Planning Thread
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.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
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.
-
- Posts: 35760
- Joined: Tue Mar 24, 2015 2:06 pm
- Location: All things must pass. With six you get eggroll. No matter how thin you slice it, it's still baloney.
- Contact:
Investing, Stock Market and Retirement Planning Thread
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.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...
-
- Posts: 11603
- Joined: Thu Apr 30, 2015 3:27 pm
Investing, Stock Market and Retirement Planning Thread
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.
-
- Posts: 61006
- Joined: Sun Oct 04, 2015 2:00 pm
- Location: FUCΚ! Even in the future nothing works.
Investing, Stock Market and Retirement Planning Thread
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.