cowboypack02 said:

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I've a feeling that the market will be closed for an extended period (days) at some point in the near furture

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Me being a market novice here, but how would this impact the overall economy? Obviously no trading, but if the market is cratering this could be a good thing, correct?

If you are considering going into the market might as well wait for Q1 earnings which will paint a clearer picture.

IMO, the markets to continue to dip for the next couple of months. I got into some oil futures today. 17 year low couldn't resist.

PackBacker07 said:

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cowboypack02 said:

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I've a feeling that the market will be closed for an extended period (days) at some point in the near furture

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Me being a market novice here, but how would this impact the overall economy? Obviously no trading, but if the market is cratering this could be a good thing, correct?

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Here is an article from MarketWatch about stock market closures. I think that it gives a much cleaner answer than I could:

https://www.marketwatch.com/story/should-the-stock-market-close-because-of-coronavirus-heres-why-the-answer-should-be-no-2020-03-17

Here is another article on how the market would work if no one could work from the floor:

https://www.cnbc.com/2020/03/13/heres-what-would-happen-if-coronavirus-forced-the-nyse-to-close-its-trading-floor.html

Floor Trading on the NYSE will stop as of Monday morning. Online trading only

So would you target individual stocks (disney, delta, ...) or jump on an index fund?

PoleD said:

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So would you target individual stocks (disney, delta, ...) or jump on an index fund?

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At these prices I am buying stocks and not MFs... I have some money set aside for some time waiting for this moment.. went in with half yesterday... waiting on the other half. Volatility will reign and we may not have seen the bottom. What you invest in is about where you are in your life. That said, I did buy some Delta yesterday.... hoping for a bailout (socialism..HA!!) took a chance on Carnival as it is so cheap...Even if they go out, it wasn't much money.

burnbarn said:

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PoleD said:

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So would you target individual stocks (disney, delta, ...) or jump on an index fund?

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At these prices I am buying stocks and not MFs... I have some money set aside for some time waiting for this moment.. went in with half yesterday... waiting on the other half. Volatility will reign and we may not have seen the bottom. What you invest in is about where you are in your life. That said, I did buy some Delta yesterday.... hoping for a bailout (socialism..HA!!) took a chance on Carnival as it is so cheap...Even if they go out, it wasn't much money.

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Agree I see some serious money to be made in the airline and cruise industry. I am waiting for another couple of weeks as I expect to see a fairly significant drop if we go into a two week shutdown.

WolfpackCPA said:

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burnbarn said:

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PoleD said:

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So would you target individual stocks (disney, delta, ...) or jump on an index fund?

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At these prices I am buying stocks and not MFs... I have some money set aside for some time waiting for this moment.. went in with half yesterday... waiting on the other half. Volatility will reign and we may not have seen the bottom. What you invest in is about where you are in your life. That said, I did buy some Delta yesterday.... hoping for a bailout (socialism..HA!!) took a chance on Carnival as it is so cheap...Even if they go out, it wasn't much money.

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Agree I see some serious money to be made in the airline and cruise industry. I am waiting for another couple of weeks as I expect to see a fairly significant drop if we go into a two week shutdown.

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Only thing that concerns me is a prolonged shutdown and they go bankrupt, more so a worry with cruise lines than with airlines.

wolf howl said:

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WolfpackCPA said:

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burnbarn said:

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PoleD said:

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So would you target individual stocks (disney, delta, ...) or jump on an index fund?

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At these prices I am buying stocks and not MFs... I have some money set aside for some time waiting for this moment.. went in with half yesterday... waiting on the other half. Volatility will reign and we may not have seen the bottom. What you invest in is about where you are in your life. That said, I did buy some Delta yesterday.... hoping for a bailout (socialism..HA!!) took a chance on Carnival as it is so cheap...Even if they go out, it wasn't much money.

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Agree I see some serious money to be made in the airline and cruise industry. I am waiting for another couple of weeks as I expect to see a fairly significant drop if we go into a two week shutdown.

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Only thing that concerns me is a prolonged shutdown and they go bankrupt, more so a worry with cruise lines than with airlines.

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100% agree, I currently haven't taken any positions in any of the companies but just monitoring. As more states continue to go into a shutdown the stock price will continue to drop. I feel much better about airline than the cruise industry.

NCLH is a stock I have been watching for the past 5 years and always traded between 50-60 a share. They are a very capital intensive business so what impact would a prolonged delay have on their financial profile.

Market showing signs of life today, up very nicely. Could be the time to buy those you've been watching over the last few weeks that are great deals right now most likely vs their 52wk high which was probably a month or two ago.

I pulled the trigger on a few this morning, not new names to my portfolio but investing in additional shares at the sale price.

Home Depot - both home improvement retailers having great comps right now despite the CV scare
Lowe's
MGK - Tech ETF that I've been in for a while, was actually my first ETF I ever bought. Done well, off the highs quite a bit so a good deal comparatively speaking.

What stocks are you looking at now?

New record rise today. Means tomorrow, we should see a new record drop. lol

RunsWithWolves26 said:

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New record rise today. Means tomorrow, we should see a new record drop. lol

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If the relief bill continues to stall you very well could be right unfortunately.

wolf howl said:

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RunsWithWolves26 said:

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New record rise today. Means tomorrow, we should see a new record drop. lol

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If the relief bill continues to stall you very well could be right unfortunately.

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It amazes me how much arguing can be done about giving away money. Maybe everyone should take a few moments to realize that if the government wasn't taking it from everyone we'd all have more cash

cowboypack02 said:

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wolf howl said:

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RunsWithWolves26 said:

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New record rise today. Means tomorrow, we should see a new record drop. lol

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If the relief bill continues to stall you very well could be right unfortunately.

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It amazes me how much arguing can be done about giving away money. Maybe everyone should take a few moments to realize that if the government wasn't taking it from everyone we'd all have more cash

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Hell, this is all deficit cash. Spending money we don't have.

Not that I am completely against stimulus, but this is why you run a surplus during a boom cycle. When recession does hit, you're not already deep in the hole.

A lot of the stores in the country havent restocked from the original panic buy

Just sold a rental property and looking for some investment opinions given the volatility in the market . I'll end up with about 90-100K to invest . I'm leaning towards putting $40,000 or so in stocks/funds .... possibly in 2-3 phases as we watch to see what ultimately happens with economy /possible recession. I can wait to see if the market bottoms out completely .

I'd like to keep the rest $60K or so for rainy day fund or possible rental or investment property . I can be patient and wait for the right one if prices fall as expected . The triangle is a great market and long term I think real estate is a much better option than the stock market due to our great location .

Thoughts ? I've got a call with my advisor next week but love to hear others opinions . I'm not a market guy by any stretch .

Should I buy oil and gas stocks while they're super cheap? From a novice it seems like they'll eventually bounce back and I'll be glad I did.

SportManagementEngineer said:

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Should I buy oil and gas stocks while they're super cheap? From a novice it seems like they'll eventually bounce back and I'll be glad I did.

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Depends on how much tolerance you have for risk. Bought 1000 shares of USO (United States Oil Fund LP) Monday afternoon after hours and kinda regretting it right now. Down over a dollar a share in 24 hours

SportManagementEngineer said:

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Should I buy oil and gas stocks while they're super cheap? From a novice it seems like they'll eventually bounce back and I'll be glad I did.

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I think if you can hold it for the long haul (years), its probably not a bad investment. If you are looking to make a quick buck....I probably wouldnt. I would equate that to taking it to the roulette table in Vegas and trying to hit that way.

Student loan question...interest rate is at 0 and payments are deferred for a while. If I have extra money should this not be the first thing I'm paying off?

Andrew4343 said:

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Student loan question...interest rate is at 0 and payments are deferred for a while. If I have extra money should this not be the first thing I'm paying off?

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Depends on your other debts. I don't believe student loans negatively effect your credit score. If you have credit card debt, I'd put more towards that.

Credit card debt isn't really a problem. My thoughts were student loan, just letting the bank account grow, or investment for family/college.
Just looking for free financial advice I guess

If you have extra money I would invest it in the market. You're obviously young so plenty of time in the market will generate good returns for you.

If your student loan is zero interest and payments deferred I wouldn't even worry about it for now.

But if you do have other debt like a credit card, I would pay that first assuming that's going to have a much higher interest rate.

If its zero interest, keep paying it on time. Assuming the whole virus thing hasnt put you in a bad financial status, I agree with others and invest it. Open a Roth if you dont have one. If the next few months may be up in the air, put it in savings until you have a better idea of whats going to happen.

Zero interest on the loan means there isnt any incentive to pay it off early. Keep making your payments and dont worry about it.

Thanks guys, my initial thought was to pay as much as I can since it's all going to principal, but investing/saving seems like the smart move.

I really like QYLD, reinvest dividend in QYLD. When I need cash stream, will take yield in cash. Yield is about 11.6%. Cost is down about $6 from before big drop. This etf is NASDAQ 100. Would not be surprised to see China mess cause another drop. However, I really like big tech stocks long term...highly unlikely they will go out of business.

Market is up HUGE today !!

King Leary said:

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Market is up HUGE today !!

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It sure is. Job report from May came out super positive compared to what "experts" predicted

I think the problem is that we are living in two separate worlds as far as what is going on in the country.

The media is still screaming that everyone is gonna die if anyone goes outside and breathe the same air as anyone else. I think this drove the initial panic and the market drop.

The reality of the situation is that after the market overcomes the emotional aspect of the media screaming and people who are trading start to look at hard facts like earnings reports and data like what the guys on the covid thread are reporting....we are much closer to normal than where you normally would get your news would like you to believe.

I'm also a firm believer that if Biden wins in november the same media who are screaming that we're all gonna die will be quiet as church mice over the whole thing. If Trump wins then covid is gonna keep killing us all

Bumping this to the top with a question:

For the folks on this board with more years under their belt than mine...

What is the one bit of advice you would give someone in their late 20s on investing in mutual funds. Trying to get into it now so I'm not regretting it later. Thanks in advance!