osxmatt Posted March 12, 2020 Share Posted March 12, 2020 Quote Link to comment Share on other sites More sharing options...
Amazatron Posted March 12, 2020 Share Posted March 12, 2020 Solve all problems by throwing money at it, truly the Trump way. Quote Link to comment Share on other sites More sharing options...
Guest Posted March 12, 2020 Share Posted March 12, 2020 7 minutes ago, osxmatt said: I don’t think people understand what the Fed does on a daily basis or what TARP did when they post things like this. Quote Link to comment Share on other sites More sharing options...
Massdriver Posted March 12, 2020 Share Posted March 12, 2020 If the market plunges 4%+ tomorrow, I'm all in with my remaining dry powder, mostly into international equity etfs. Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted March 12, 2020 Share Posted March 12, 2020 1 hour ago, osxmatt said: Dow closed -9.99% down. Aside from one day on 1987, it’s the largest percentage loss in 91 years. Bigliest loss ever. Quote Link to comment Share on other sites More sharing options...
Guest Posted March 12, 2020 Share Posted March 12, 2020 LOL. Maybe don’t jump in with two feet in the first place! Quote Link to comment Share on other sites More sharing options...
elbobo Posted March 12, 2020 Share Posted March 12, 2020 at this point my out of my ass number for the low is going to be 18,000 Quote Link to comment Share on other sites More sharing options...
Jason Posted March 12, 2020 Author Share Posted March 12, 2020 1 hour ago, Massdriver said: If the market plunges 4%+ tomorrow, I'm all in with my remaining dry powder, mostly into international equity etfs. What are you buying/where do you buy them? Quote Link to comment Share on other sites More sharing options...
Massdriver Posted March 12, 2020 Share Posted March 12, 2020 26 minutes ago, Jason said: What are you buying/where do you buy them? I have an Ameritrade account, both a taxable and for my roth IRA & trad 401k. You can buy these ETFs from any discount broker. For international ETFs, I focus on: VXUS- Indexes the world's developed and developing market indexes in one fund, from small cap up to mega cap. This is the only fund you really need to throw money in to get full exposure to international. VSS- International small cap. While I put most of my money in VXUS, I also invest a smaller amount to tilt my portfolio towards small companies. VSS is my favorite ETF to do this. For domestic: VTI- Total U.S. stock market is my main fund. I have more in this than anything else. It covers micro cap up to mega. For domestic you only need this fund. SLYV- This is a more niche fund, but I put a smaller additional amount of my U.S. allocation into this fund to tilt towards small companies that have a lower valuation. Here is a simple way you could think about this. Vanguard recommends that U.S. investors put anywhere from 20-40% of their stock allocation into international. So hypothetically, you can make your own portfolio with a 30% international allocation like this: $10,000 as an example of cash to invest---> Purchase $7,000 worth of shares of VTI for your U.S. equity Purchase $3,000 worth of shares of VXUS for your international equity The next part is the hardest part. Your money is going to wildly fluctuate over time, so if that bothers you psychologically, try not to look at it very much. If you can't handle the swings, that's when people start adding bonds. TL;DR: Ameritrade; For international, I'm buying 80% VXUS and 20% VSS. I buy VEA and VWO as well in my taxable for other reasons. Quote Link to comment Share on other sites More sharing options...
Massdriver Posted March 13, 2020 Share Posted March 13, 2020 My favorite ETFs Domestic: VTI- Total U.S. market SLYV- Small cap value International: VXUS- Total International Ex U.S. VSS- Small Cap International VEA- Developed International (excludes emerging markets) VWO- Emerging markets REIT: REET- Domestic and international Real Estate Investment Trusts VNQ- U.S. Real Estate Investment Trusts I'm not the biggest fan of reits, but I have a very small % of my portfolio in them, primarily in my 401k/ira. I prefer broader index funds and do not think reits are necessary. Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted March 13, 2020 Share Posted March 13, 2020 Quote Link to comment Share on other sites More sharing options...
osxmatt Posted March 13, 2020 Share Posted March 13, 2020 Tomorrow is Friday the 13th. Best of luck everyone. 1 Quote Link to comment Share on other sites More sharing options...
chakoo Posted March 13, 2020 Share Posted March 13, 2020 I was a little busy today but man things have been pretty nuts. I can't believe we are probably only a few days away from all gains under trump being completely wiped out. Futures are already over -500, so tomorrow isn't going to be good either. https://www.bloomberg.com/quote/DM1:IND It really might get to the point where the only thing that might calm the markets is the resignation or removal of trump. (chances are slim to none but if the markets lose another 8,000 people will be calling for his head). Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted March 13, 2020 Share Posted March 13, 2020 Bitcoin crashed something like 40-50% today as well. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 13, 2020 Share Posted March 13, 2020 8 minutes ago, CitizenVectron said: Bitcoin crashed something like 40-50% today as well. So much for that being a "crisis hedge". Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted March 13, 2020 Share Posted March 13, 2020 11 minutes ago, CitizenVectron said: Bitcoin crashed something like 40-50% today as well. HODLGANG HODLGANG HODLGANG Quote Link to comment Share on other sites More sharing options...
GeneticBlueprint Posted March 13, 2020 Share Posted March 13, 2020 26 minutes ago, SFLUFAN said: So much for that being a "crisis hedge". "Oh shit when I need real money I have to sell this fake stuff wait why isn't it worth anything now?" Quote Link to comment Share on other sites More sharing options...
Jason Posted March 13, 2020 Author Share Posted March 13, 2020 Quote Link to comment Share on other sites More sharing options...
elbobo Posted March 13, 2020 Share Posted March 13, 2020 7 hours ago, SFLUFAN said: So much for that being a "crisis hedge". EVERYTHING was down yesterday, stocks, bonds, precious metals, crypto. Where the hell did people put their money? Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted March 13, 2020 Share Posted March 13, 2020 56 minutes ago, elbobo said: EVERYTHING was down yesterday, stocks, bonds, precious metals, crypto. Where the hell did people put their money? 9x19 parabellum Quote Link to comment Share on other sites More sharing options...
Signifyin(g)Monkey Posted March 13, 2020 Share Posted March 13, 2020 1 hour ago, elbobo said: EVERYTHING was down yesterday, stocks, bonds, precious metals, crypto. Where the hell did people put their money? Gold being down is interesting. It usually goes up in crises, hence its long-standing use as a fairly reliable contrarian tracker for volatility. Maybe since the COVID-19 resource shortages could effect miners, volatility is not having its usual gold-boosting effect? Dunno. Quote Link to comment Share on other sites More sharing options...
elbobo Posted March 13, 2020 Share Posted March 13, 2020 24 minutes ago, Kal-El814 said: 9x19 parabellum I actually work for a firearms wholesale company and we are legit sold out on 9mm ball at the moment. Futures are way up this morning, we will see how that works out. 1 Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted March 13, 2020 Share Posted March 13, 2020 8 minutes ago, elbobo said: I actually work for a firearms wholesale company and we are legit sold out on 9mm ball at the moment. Futures are way up this morning, we will see how that works out. I stocked up on 5.56 and 9mm a few months ago Quote Link to comment Share on other sites More sharing options...
Jason Posted March 13, 2020 Author Share Posted March 13, 2020 1 Quote Link to comment Share on other sites More sharing options...
Amazatron Posted March 13, 2020 Share Posted March 13, 2020 This feels like a weak ass bounce from the carnage. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted March 13, 2020 Share Posted March 13, 2020 37 minutes ago, Amazatron said: This feels like a weak ass bounce from the carnage. Can't wait for the slow sink to the negatives this afternoon once ppl start shorting this 4% Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted March 13, 2020 Share Posted March 13, 2020 Basically: covid number go up, stonks go down Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted March 13, 2020 Share Posted March 13, 2020 13 minutes ago, SlipperySlope said: Can't wait for the slow sink to the negatives this afternoon once ppl start shorting this 4% Its already backed off like half of the gains from this morning. 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted March 13, 2020 Author Share Posted March 13, 2020 Get ready to BUY BUY BUY a few minutes after 3 PM eastern, everyone! Quote Link to comment Share on other sites More sharing options...
elbobo Posted March 13, 2020 Share Posted March 13, 2020 been bouncing around the +600s for the last hour or so Quote Link to comment Share on other sites More sharing options...
Jason Posted March 13, 2020 Author Share Posted March 13, 2020 3 minutes ago, elbobo said: been bouncing around the +600s for the last hour or so Just wait until Trump starts speaking though. Quote Link to comment Share on other sites More sharing options...
chakoo Posted March 13, 2020 Share Posted March 13, 2020 11 minutes ago, Jason said: Get ready to BUY BUY BUY a few minutes after 3 PM eastern, everyone! Uhh. Yeah someone should talk him out of speaking. Or just let him speak but don't tell him the feed is cut and not live so nobody sees it. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted March 13, 2020 Share Posted March 13, 2020 13 minutes ago, chakoo said: Uhh. Yeah someone should talk him out of speaking. Or just let him speak but don't tell him the feed is cut and not live so nobody sees it. Compare it to how Trudeau did it: He just did a normal TV interview this morning remotely from his home, and said that the government will be stepping in to cover 14-28 days of sick leave for everyone in Canada through EI (employment insurance), and is looking at ways to help people who wouldn't qualify for EI. Also will be putting in place something to help people cover rent and bills should it be needed, they are looking at options. Just talk about the things you will do to help people, don't cast blame, and then shut up. For the EI move, apparently all that will be needed is advice from a medical professional (no note needed) or from your employer, to self-isolate. That will get you 14 days of EI with the waiting period waived. If you end up having COVID-19, you can get an additional 14 days but will need proof from a doctor that you have it. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted March 13, 2020 Share Posted March 13, 2020 Quote Link to comment Share on other sites More sharing options...
chakoo Posted March 13, 2020 Share Posted March 13, 2020 1 minute ago, CitizenVectron said: Compare it to how Trudeau did it: He just did a normal TV interview this morning remotely from his home, and said that the government will be stepping in to cover 14-28 days of sick leave for everyone in Canada through EI (employment insurance), and is looking at ways to help people who wouldn't qualify for EI. Also will be putting in place something to help people cover rent and bills should it be needed. Just talk about the things you will do to help people, don't cast blame, and then shut up. Well this is what happens when you have a competent leader who has a pretty good team in place to handle the given situation. While I don't think the situation would be as bad as the US if we ended up with schere I still think this country as a whole dodged a huge *king bullet in the last election. Quote Link to comment Share on other sites More sharing options...
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