View Single Post
  #446  
Old 05-15-2020, 02:10 PM
upallnight's Avatar
upallnight upallnight is offline
Member
 
Join Date: Aug 2012
Location: Cook County
Posts: 7,280
upallnight is on a distinguished road
Quote:
Originally Posted by crystalworks View Post
There was a closed door meeting for one of the committees in, I think early February, where it was discussed about possible financial implications. Nothing early enough to make a difference for health responses. But early enough to save 3 or 4 congressman/women from taking the same financial losses most of the country did.

Playing the market is not really a thing for most of the people invested in it. They use the 401k through their employer to build their retirement wealth. Most of them wouldn't be able to get out or in at will, or even know how. People are going to be able to make money, that's for sure. But the vast majority of the country are going to lose a lot of money. Paper money anyway. "You don't take any losses until you sell." To quote my late grandfather.
I tell Mrs. Upallnight that it's just a paper loss right now. I advise my cousins that if the stocks were still above what they paid for it to sell and buy back in when it bottom out or start to climb back up again.
__________________
2006 Infiniti G35
2001 BMW 3.0I E53 X5 Build date 08/2000 SOLD
Lotus Europa 1970 Destroyed by fire
Lotus Europa 1970 S2 Renault Powered
Lotus Type 52 1970 Twincam Webers Powered
PORSCHE 911 Targa 1982 The Garage Queen
Audi Avant donated to Kars for Kids
BMW 525IT Sold
Audi 4000CS Quattro Sold
Jensen Healey Lotus Powered Sold
Opel 1900 Sold
Triumph Spitfire 1971 Sold
Triumph Spitfire 1968 Sold
Plymouth "Cuda" 340 Six pack SOLD

Sponsored Links