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I'm down to 50% cash in my non-retirement accounts. I suspect we'll get back down to DOW 16000 at some point before this is all over.
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Of course, it's a major need. An area I wish we addressed. But when you use a trillion dollars to fund a tax cut, mostly to business (who should have saved some, vs stock buy backs or bonuses) and the wealthy, it's harder to spend on the other stuff you want.
Ours sent out a big long e-mail about how we'll weather the storm, have lots of cash, can even still buy another company to keep our growth...I got a little less stress today as our CEO said he has no layoff plans in the foreseeable future.
Agree. I posted early on about 16250 being a place I could see us reaching if we respond poorly. The 2008 Housing Crisis reached 8 year lows. The Covid Crisis reached 4 year lows very briefly. I have set my long term hold limit orders below the lowest point so far. Maybe these never execute. I can be cautious and greedy since I sold my brokerage holdings in late Feb. If I miss the bottom by 4K points, then I can still buy in lower than I sold. The posters in this thread and the Covid-19 one have been critical in preserving my wealth and health.I'm down to 50% cash in my non-retirement accounts. I suspect we'll get back down to DOW 16000 at some point before this is all over.
Ours sent out a big long e-mail about how we'll weather the storm, have lots of cash, can even still buy another company to keep our growth...
20% layoffs the next week.
Ours sent out a big long e-mail about how we'll weather the storm, have lots of cash, can even still buy another company to keep our growth...
20% layoffs the next week.
They have high expense ratios, the reason they should be short term but yes I've been playing them since early February. Just have to be really careful, huge daily swings with this much volatility.Anyone playing any leveraged bear etfs? I was thinking of FAZ, but I do not really understand these leveraged etfs, and why I have read they should be only short term plays.
Agree. I posted early on about 16250 being a place I could see us reaching if we respond poorly. The 2008 Housing Crisis reached 8 year lows. The Covid Crisis reached 4 year lows very briefly. I have set my long term hold limit orders below the lowest point so far. Maybe these never execute. I can be cautious and greedy since I sold my brokerage holdings in late Feb. If I miss the bottom by 4K points, then I can still buy in lower than I sold. The posters in this thread and the Covid-19 one have been critical in preserving my wealth and health.
Anyone playing any leveraged bear etfs? I was thinking of FAZ, but I do not really understand these leveraged etfs, and why I have read they should be only short term plays.