With crude ~$50/barrel, gas & oil will remain inexpensive.
That should also keep the green energy nutcases at bay...
OILU should be a good one to place money into at the $7/share range. I figure it's gotta go back up eventually
With crude ~$50/barrel, gas & oil will remain inexpensive.
That should also keep the green energy nutcases at bay...
With crude ~$50/barrel, gas & oil will remain inexpensive.
That should also keep the green energy nutcases at bay...
Nice.Bought into oilu today after Russia sat down with opec and told them to pound sound... 6.75....crazy low. They were in the 20’s 3 months ago.
I'm afraid that since I am a novice that I should just lay off and not buy. Just ride the wave and watch my retirement accounts rebound in the future (plus continue to contribute to them even if initially I get massacred).
Its outrageous...all economic indicators are pointing towards a robust, healthy economy (did anyone see the jobs report for February? Plus they adjusted the December and January numbers upward as well). I can't believe that fear of CV, which will not be contracted by most healthy people and those who get it will all rebound, has raped the markets the way it has. People are stupid AF. I just wish I knew enough to take advantage of it! LOL
On a side note, just prequalified for a 3.0% interest rate for a mortgage (30-year) That is about as low as I can imagine. Too bad home prices are inflated here...again, because people are stupid AF.
The thing is, the next quarterly reports (primary march) are going to be absolute shit for companies. China has been shut down for awhile, which directly impacts US markets. Go take a look at the price of a cruise or airline ticket... super low. Corona is impacting all aspects of the economy, and will only get worse once it sweeps the US. thats why the economy is not doing well. It's not so much that people fear corona, as its basically like the flu only there isn't a vaccine for it, thats why it has a higher mortality rate.
A lot of it is fear mongering from the media, but its not overblown in my opinion.
I imagine companies like costco will have decent stats for this month, as everyone is rushing to buy supplies like its doomsday.
Regarding the market, this downturn is probably going to be the biggest we see in the next decade... it's absolutely the time to put money in. Maybe it won't hit bottom today, but it will eventually. I'd HIGHLY recommend at least trickling money into the market while u can.,
For someone who doesn't have a bunch of cash on hand (or the knowledge to know what to do with it) to put into the market would upping 401k contributions be worthwhile?I'd HIGHLY recommend at least trickling money into the market while u can.,
For someone who doesn't have a bunch of cash on hand (or the knowledge to know what to do with it) to put into the market would upping 401k contributions be worthwhile?
I'm talking about a temporary increase for the next month or so.That's almost always worthwhile.
For someone who doesn't have a bunch of cash on hand (or the knowledge to know what to do with it) to put into the market would upping 401k contributions be worthwhile?
It will be months before the markets go up. Today we are at the location China was at the first of the year. It’s not 3k dead nor 30k dead. Try over 60k dead. The resilience China talks of today is all fake as with their numbers.
California hospitals are chaos now and we still don’t have tests, the nurses/docs feel unprepared and unprotected. This will get bad before it gets better unfortunately.
I'm talking about a temporary increase for the next month or so.
It will be months before the markets go up. Today we are at the location China was at the first of the year. It’s not 3k dead nor 30k dead. Try over 60k dead. The resilience China talks of today is all fake as with their numbers.
California hospitals are chaos now and we still don’t have tests, the nurses/docs feel unprepared and unprotected. This will get bad before it gets better unfortunately.
This.Uhh, I don't know where you are getting the info about California hospitals... I work at one that took some of the first patients from TAFB. It's business as usual, minus the million phone calls we get now about how "My dad's-cousin's-friend's-sister was a patient there 6 months ago, is it possible I have the virus?"
I think I’m going to refi, we had bought a second house last year (my old house as a teen) and remodeled it to flip but with rates this low, I may keep it as a rental and for my kids. I did a 20 yr and now I can go to a 15 or 10 and still pay less money. It’s crazy!