[rockdoc123]

$this->bbcode_second_pass_quote('', 'N')ot a problem. Better to wait until mid summer when the true bottom has been reached after the government has exhausted all means of propping up the market.
Plenty of time in the meantime to research just which stocks to buy when the time comes and to watch how those stocks are faring in the new reality post CV.

[Plantagenet]

$this->bbcode_second_pass_quote('', '')$this->bbcode_second_pass_quote('', 'B')etter to wait until mid summer when the true bottom has been reached after the government has exhausted all means of propping up the market.
Plenty of time in the meantime to research just which stocks to buy when the time comes and to watch how those stocks are faring in the new reality post CV.

[vtsnowedin]

My point was and remains that people that think the bottom is now or within a few days are looking through rose colored glasses. The bottom will come after all the closures and travel restrictions have ended and bean counters can add up the damage and see what companies will recover and prosper.
Buy in now if you wish, but expect to see some losses for the next three months at least but if you hang on you might get back up to current levels by years end if you chose wisely.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'T')he bottom will come after all the closures and travel restrictions have ended and bean counters can add up the damage and see what companies will recover and prosper.

[vtsnowedin]

Who said anything about waiting for things to get published? When it turns it will turn on insider information only the people at the level of congressmen have access to. But we will see it start to rise and can get in on the right side of the V if not exactly at the bottom.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'B')ut we will see it start to rise and can get in on the right side of the V if not exactly at the bottom.

[Cog]

I'm long on telecommunication companies. If anything people stuck at home have little else to do but watch videos and text each other. I'm also figuring that tele work will increase as a result even after things return to normal.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('vtsnowedin', 'M')y point was and remains that people that think the bottom is now or within a few days are looking through rose colored glasses. The bottom will come after all the closures and travel restrictions have ended and bean counters can add up the damage and see what companies will recover and prosper.
Buy in now if you wish, but expect to see some losses for the next three months at least but if you hang on you might get back up to current levels by years end if you chose wisely.

[vtsnowedin]

This is just a chat board not a financial advise company. My opinion is just my opinion and no one should invest any money based on it and that should include me.
I may take any stimulus checks that actually show up and buy a share or two when the time comes.
Question?? Will those $1200 checks be taxable income?

[EdwinSm]

Not sure where to invest, but local holiday homes might be good. Apparently our local shop is doing well as many people have moved out to the cities to sit this out in their "summer cottages". Also people might be more reluctant to take overseas holidays, at least for a while.

AI and automation could well get a boast as a way of keeping businesses open. But with the loss of jobs there might be need for some form of "Universal Wage" to stop social unrest.

Where not to invest might be easier:- Cruise lines and Care Homes. If the coronavirus becomes endemic, like the common cold, then old folks (like a lot of us here) will be hit year after year with its higher death rate for us golden oldies. I suppose any other business to cater for older people could be included here, except maybe for robots to work in care situations.

[Cog]

$this->bbcode_second_pass_quote('vtsnowedin', 'T')his is just a chat board not a financial advise company. My opinion is just my opinion and no one should invest any money based on it and that should include me.
I may take any stimulus checks that actually show up and buy a share or two when the time comes.
Question?? Will those $1200 checks be taxable income?

[Newfie]

$this->bbcode_second_pass_quote('Cog', 'I')'m long on telecommunication companies. If anything people stuck at home have little else to do but watch videos and text each other. I'm also figuring that tele work will increase as a result even after things return to normal.

[vtsnowedin]

$this->bbcode_second_pass_quote('Newfie', '')$this->bbcode_second_pass_quote('Cog', 'I')'m long on telecommunication companies. If anything people stuck at home have little else to do but watch videos and text each other. I'm also figuring that tele work will increase as a result even after things return to normal.

[evilgenius]

Chances are the market will start recovering well before the economy does. By the time the general public looks around and wonders how it happened, it will have solidified its gains.

[vtsnowedin]

$this->bbcode_second_pass_quote('evilgenius', 'C')hances are the market will start recovering well before the economy does. By the time the general public looks around and wonders how it happened, it will have solidified its gains.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('evilgenius', 'C')hances are the market will start recovering well before the economy does. By the time the general public looks around and wonders how it happened, it will have solidified its gains.

[Outcast_Searcher]

OK, so who thought that the market would zoom up like crazy today, as of Friday?

On the HOPE that we are peaking, apparently largely based on lower numbers Sunday, as though Sunday likely doesn't involve fewer tests.

To me, this is just an example of how irrational the market is in the short run, and how hard it is to trade it in the short term, and why to claim this or that point is a likely bottom, a good or bad time to buy, etc. can be a fun hobby (and some "financial advice bloggers" even make a freaking LIVING from it) -- as far as reliable, or even usable financial information apriori, re profits, NOT SO MUCH.

And by the way, I certainly would NOT have predicted this. In fact, my overall view from mid March (about 10% lower vs. now) was for lots of volatility, but overall, a slow grind lower -- significantly lower.
And that might still happen, given all the bad financial news and likely intermediate virus news on delays, waves, uncertainty, hot spots, death, and on and on to come. But timing it and confidently profiting from it in anything but the long term? Good luck with that.

Just cautioning people against making large, overconfident, short term bets, if you can't well afford to be wrong, for a month or 5+ years, or even longer.

[Cog]

$this->bbcode_second_pass_quote('Outcast_Searcher', 'O')K, so who thought that the market would zoom up like crazy today, as of Friday?

On the HOPE that we are peaking, apparently largely based on lower numbers Sunday, as though Sunday likely doesn't involve fewer tests.

To me, this is just an example of how irrational the market is in the short run, and how hard it is to trade it in the short term, and why to claim this or that point is a likely bottom, a good or bad time to buy, etc. can be a fun hobby (and some "financial advice bloggers" even make a freaking LIVING from it) -- as far as reliable, or even usable financial information apriori, re profits, NOT SO MUCH.

And by the way, I certainly would NOT have predicted this. In fact, my overall view from mid March (about 10% lower vs. now) was for lots of volatility, but overall, a slow grind lower -- significantly lower.
So I'm certainly NOT claiming I can do good short term trading.

Just cautioning people against making large, overconfident, short term bets, if you can't well afford to be wrong, for a month, or 5 years, or even longer.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Cog', '
')Saturday and Sunday is always suspect but the contagion model that the USA is using has been changed over the weekend. We are now showing 80k+ projected deaths instead of the 150-250k deaths. The new patient intakes in certain states like Illinois and New York are dropping. That is hopeful.

[Newfie]

I just had a funny financial opportunity come up. I’ve very mixed feelings about it.

I have this 168 acre property in Cape Brenton on a peninsula. It’s on the “wrong” side of the road. It has lots of water frontage but it’s all very steep to, 500’ near cliffs. Across the road the gently slopes to the water on the other side. Directly across from my property a sale came up, I just saw it today, no idea how long on the market. 1200 sq ft house, single story, 1997 construction, 350’ water frontage. It would’ve so sweet to own that. The location is outstanding. You can look at the boating center a mile away across the water. $265,000 Canadian. I can’t be in both places at the same time damn it!

I would have to deplete my retirement savings to buy that. And there are downsides, winter being #1. It’s remote, an hour to any kind of major store. Even the boating center. 20 minutes by skiff or an hour by car. And we have this nice cabin in Newfoundland. Both places are beautiful in the same season. Newfoundland has my family connections and is owned.

I threw out a low number which was promptly rejected. I put a lot of explanation and words around it. They were not even polite.

As to it being an investment my thinking was, perhaps wrong, that my land is not worth much and it would cost a fair bit to build even a modest cabin. If I bought a his cabin, combined with the average, the sum total would be worth more than the individual parts. That’s probably wishful thinking. But it was the rational I was using.

Also, with the markets the way they are it may make sense to buy some real estate. But I doubt I could mortgage it. I would have to research that, I asked the real store but she didn’t answer. I doubt very much I could rent it out, perhaps as a vacation cottage.