Stocks tumble

» Site Navigation
Home Page The Villages Maps The Villages Activities The Villages Clubs The Villages Book Healthcare Rentals Real Estate Section Classified Section The Villages Directory Home Improvement Site Guidelines Advertising Info Register Now Video Tutorials Frequently Asked Questions
» Newsletter Signup
» Premium Tower
» Advertisements
» Trending News
» Tower Sponsors




















» Premium Sponsors
» Banner Sponsors
» Advertisements
Reply
Thread Tools
  #181  
Old 03-16-2020, 03:51 PM
Kenswing's Avatar
Kenswing Kenswing is offline
Sage
Join Date: Jan 2016
Location: Upper Left Coast
Posts: 5,790
Thanks: 759
Thanked 520 Times in 238 Posts
Default

Silver under $13 per ounce.. Wow!
__________________
Birthdays Are Good For You. Statistics Show the More That You Have The Longer You Will Live..

We've Got Plenty Of Youth.. What We Need Is a Fountain Of SMART!
  #182  
Old 03-16-2020, 04:00 PM
OrangeBlossomBaby OrangeBlossomBaby is offline
Sage
Join Date: Feb 2015
Posts: 2,616
Thanks: 1,374
Thanked 1,298 Times in 457 Posts
Default

Intel is down to 44.61. I'm starting to be slightly disappointed. Just slightly since I don't own much of it. If it becomes worthless I'll be out the initial $50 investment. But at its height, it was worth over $8000. That would've been a couple of really nice dinners out, a new bathing suit, and the cash to combine with a trade-in on my old jalopy for a decent newer vehicle.
  #183  
Old 03-16-2020, 04:14 PM
rustyp rustyp is offline
Gold member
Join Date: Jan 2009
Posts: 1,484
Thanks: 33
Thanked 368 Times in 143 Posts
Default

Quote:
Originally Posted by OrangeBlossomBaby View Post
Intel is down to 44.61. I'm starting to be slightly disappointed. Just slightly since I don't own much of it. If it becomes worthless I'll be out the initial $50 investment. But at its height, it was worth over $8000. That would've been a couple of really nice dinners out, a new bathing suit, and the cash to combine with a trade-in on my old jalopy for a decent newer vehicle.
You got to know when to hold them, know when to fold them, know when to walk away and know when to run.
  #184  
Old 03-16-2020, 04:21 PM
alwann's Avatar
alwann alwann is offline
Senior Member
Join Date: Oct 2008
Location: Village of Gilchrist
Posts: 491
Thanks: 0
Thanked 99 Times in 44 Posts
Default Wait

Quote:
Originally Posted by CoachKandSportsguy View Post
That is the theory, and having tried it, and watched investment bankers try to do it, and having been in corporate M&A, tried it my self with inside information, reality doesn't work so well. Damodarian who wrote a novel on valuation has never been able to make money with his DCF models and actual investments.

With the markets limit down overnight, now is a good time to just be patient and wait.

18 holes to discuss the markets?

sportsguy
Well, I kinda planned my finances to die on the day of my last dollar. Death may come sooner than anticipated now. Meanwhile, gas is cheap and I'm stockpiling in anticipation of the hurricane.
  #185  
Old 03-16-2020, 04:49 PM
ColdNoMore's Avatar
ColdNoMore ColdNoMore is offline
Sage
Join Date: Apr 2016
Location: Between 466 & 466A
Posts: 9,721
Thanks: 0
Thanked 726 Times in 366 Posts
Default

Prime is now 0.0% - 0.25%.

"Money for nothin' and..."

We're now basically out of ammunition for stimulus, except for cutting those items (Social Security/Medicare/Medicaid/Etc.) that have been considered until now..."the third rail."

It will be interesting to see, who reaches in first...to be electrocuted.

I suppose some people might think another tax cut for the wealthy and corp's might help, so +-75% of companies can buy back even more stock...thereby helping the 51% of Americans who own stocks.

Not sure how that's gonna help the other 49% though.
__________________
Standing up for the underdog and against bullies...every chance I get.
  #186  
Old 03-16-2020, 05:01 PM
ColdNoMore's Avatar
ColdNoMore ColdNoMore is offline
Sage
Join Date: Apr 2016
Location: Between 466 & 466A
Posts: 9,721
Thanks: 0
Thanked 726 Times in 366 Posts
Default

Depending on how far mortgage rates fall, some people may be looking at financing/refinancing their homes...and taking a lot of equity out.

Particularly for those people whose retirement is mostly in a defined contribution plan...and not a solvent defined benefit plan.

A 70-80 year old that takes out a 30 year mortgage, uses the money to buy more stocks at the lowest level in years, or just have the cash as a buffer for uncovered medical expenses...might not be a bad option.

I, for one, have a lot of empathy right now for those who aren't fortunate enough to have a solid and well-funded...defined benefit plan.

Because the scary part is, that a lot of the old defined benefit plans are heavily invested in stocks...so as to maintain that defined benefit for retirees.

Here's hoping we all pull out of this in good shape...and soon.
__________________
Standing up for the underdog and against bullies...every chance I get.
  #187  
Old 03-16-2020, 05:26 PM
BK001's Avatar
BK001 BK001 is offline
Platinum member
Join Date: Feb 2013
Location: Bay Ridge Brooklyn, NY, The Village of Lynnhaven
Posts: 1,872
Thanks: 73
Thanked 198 Times in 105 Posts
Default

Quote:
Originally Posted by rustyp View Post
You got to know when to hold them, know when to fold them, know when to walk away and know when to run.


Ha, and therein lies the secret.
__________________
A great attitude is a choice, not a disposition
  #188  
Old 03-16-2020, 05:51 PM
manaboutown's Avatar
manaboutown manaboutown is offline
Sage
Join Date: Aug 2009
Location: NJ, NM, SC, PA, DC, MD, VA, NY, CA, ID and finally FL.
Posts: 4,632
Thanks: 1,801
Thanked 562 Times in 286 Posts
Default

For some time Buffet has been chastised for sitting on a large cash position. I have hung in there with him as an investor in BRK as he is a lot smarter than I am. It will be interesting to see if, when and what he buys.

IMHO the P/Es of the S&P and DJIA have been running quite high. They likely will dip below their historical 15ish average before they stop dropping.

We live in interesting times.
__________________
"No one is more hated than he who speaks the truth." Plato

“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
  #189  
Old 03-16-2020, 06:41 PM
tophcfa tophcfa is offline
Platinum member
Join Date: Feb 2015
Location: The Berkshires of Western Massachusetts and the Villages
Posts: 1,763
Thanks: 483
Thanked 948 Times in 363 Posts
Default

Quote:
Originally Posted by ColdNoMore View Post
Depending on how far mortgage rates fall, some people may be looking at financing/refinancing their homes...and taking a lot of equity out.

Particularly for those people whose retirement is mostly in a defined contribution plan...and not a solvent defined benefit plan.

A 70-80 year old that takes out a 30 year mortgage, uses the money to buy more stocks at the lowest level in years, or just have the cash as a buffer for uncovered medical expenses...might not be a bad option.

I, for one, have a lot of empathy right now for those who aren't fortunate enough to have a solid and well-funded...defined benefit plan.

Because the scary part is, that a lot of the old defined benefit plans are heavily invested in stocks...so as to maintain that defined benefit for retirees.

Here's hoping we all pull out of this in good shape...and soon.
Don’t make the mistake of assuming defined benefit plans, which were questionably funded before the market crash and are typically invested very heavily in risky assets classes, will come out of this solvent. And also don’t assume the Pension Benefit Gurantee Corporation will have the capital to bail out multiple insolvent plans.
  #190  
Old 03-16-2020, 06:48 PM
rustyp rustyp is offline
Gold member
Join Date: Jan 2009
Posts: 1,484
Thanks: 33
Thanked 368 Times in 143 Posts
Default

Quote:
Originally Posted by tophcfa View Post
Don’t make the mistake of assuming defined benefit plans, which were questionably funded before the market crash and are typically invested very heavily in risky assets classes, will come out of this solvent. And also don’t assume the Pension Benefit Gurantee Corporation will have the capital to bail out multiple insolvent plans.
That is why I took the cash equivalent in 2005 when I retired. But it takes discipline to manage that money. And of course once again I was the idiot per my peers ! Ha Ha. My sleep has never been better.
  #191  
Old 03-16-2020, 06:50 PM
ColdNoMore's Avatar
ColdNoMore ColdNoMore is offline
Sage
Join Date: Apr 2016
Location: Between 466 & 466A
Posts: 9,721
Thanks: 0
Thanked 726 Times in 366 Posts
Default

Quote:
Originally Posted by tophcfa View Post
Don’t make the mistake of assuming defined benefit plans, which were questionably funded before the market crash and are typically invested very heavily in risky assets classes, will come out of this solvent. And also don’t assume the Pension Benefit Gurantee Corporation will have the capital to bail out multiple insolvent plans.
That was actually the exact point...I was trying to make.

A lot of people who have defined benefit retirements, feel comfortable that at least they aren't watching their defined contribution plans losing massive amounts...while not fully understanding what funds those defined benefit plans.

And you're absolutely correct about not assuming that the PBGC... can't become insolvent.
__________________
Standing up for the underdog and against bullies...every chance I get.
  #192  
Old 03-17-2020, 02:00 PM
Heyitsrick Heyitsrick is offline
Member
Join Date: Feb 2012
Posts: 94
Thanks: 0
Thanked 97 Times in 42 Posts
Default

Many defined benefit plans (ok, the ones that still exist) have an option for a lump-sum payout at the outset of benefits, vs. depending upon the company to cover the pension over one's lifetime. The company's pension annuity payout is probably somewhat better than one could do on their own when purchasing an annuity in the outside market But, you can also use the lump sum for other investments, like IRAs.

I like my company, but do I think their pension is going to be solvent as long as I need it? No.
  #193  
Old 03-18-2020, 08:24 AM
collie1228 collie1228 is offline
Gold member
Join Date: Apr 2008
Posts: 1,150
Thanks: 0
Thanked 75 Times in 39 Posts
Default

My company has (criminally) underfunded its retirement program for years - despite being a large government contractor who gets much of its defined benefit pension programs underwritten by the government in its defense contracts. I love the monthly checks, but I have a big concern about their ability to continue over the long run, as the actual funding of the program was underfunded by over $17 billion in 2018. Since then they have added some new funding, but obviously the current state of the investment world will have a further negative impact.
  #194  
Old 03-26-2020, 11:25 AM
Enjoying Life Enjoying Life is offline
Junior Member
Join Date: Oct 2013
Posts: 17
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Is this a good time to sell gold and can you give reputable place to sell? Secondly did anyone hear of the possible withdrawal of up to $100,000 from our IRA's without paying taxes? A friend recently said she heard the latter is to happen soon.

Last edited by Enjoying Life; 03-26-2020 at 11:47 AM. Reason: spelling
  #195  
Old 03-26-2020, 11:33 AM
retiredguy123 retiredguy123 is offline
Sage
Join Date: Feb 2016
Posts: 3,819
Thanks: 152
Thanked 1,259 Times in 542 Posts
Default

Quote:
Originally Posted by Enjoying Life View Post
Is this a good time to sell gold and can you give reputable place to sell? Secondly did anyone hear of the possible withdrawal of up to $100,000 from our IRA's without a tax penalty?
No, about the IRA. But, if you are over 59 1/2, you can withdraw any amount from a traditional IRA without a "penalty". You just need to pay tax on it.
Reply

Tags
stocks, tumble, yipsters

Thread Tools

You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 03:32 AM.