MTF
Full Member
Can you override?The portfolio has a loss level that triggers a cash out of funds.
Can you override?The portfolio has a loss level that triggers a cash out of funds.
probably, will have a meeting with the advisor on monday when markets open.Can you override?
Just watched dateline London on the BBC. One of the contributors was talking about the head of the ECB saying it wasn't their job to keep Italy in the Euro.Of course the ECB isn't broke. But imo, it doesn't have much room to manoeuvre. Apart from the stability fund, some countries need to spend some money. I am not talking about the likes of France. But countries like Germany have some leeway.
Just curious, what makes an advisor valuable to you?probably, will have a meeting with the advisor on monday when markets open.
Lagarde said something slightly different and already attempted to walk it back. It was an idiotic statement and she should get some PR coaching. Its a massive gaffe at the worst time.Just watched dateline London on the BBC. One of the contributors was talking about the head of the ECB saying it wasn't their job to keep Italy in the Euro.
Do you know if that is right and isn't that a terrible signal to send at the worst moment?
Thanks, I missed it as other news is understandably swamping everything.Lagarde said something slightly different and already attempted to walk it back. It was an idiotic statement and she should get some PR coaching. Its a massive gaffe at the worst time.
Context still matters. She is rightfully annoyed by politicians dropping the ball again (= doing way too little) and that seems to have been an attempt to put pressure on politicians do act and not just wait for the ECB to do the heavy lifting on their own. I have no doubt that the ECB will do everything do keep Italy in the Eurozone.
If the ECB wants to get creative they could use something like TLTROs for substantial (and effective) stimulus (there are other ways as well).
It's been tough, mate. The markets get tougher and your capabilities are diminished due to working from home. Great combo for stress.On a personal level, I am a long term investor. But it is soul destroying looking at my screens at the moment. Thank God I've moved to Corporate Finance so I don't have to deal with much of this stuff.
I need to go through several logins to get to my 401k. I'm not looking because I'm not supposed to. Bumped my pre-tax contribution up by 1% though.On a personal level, I am a long term investor. But it is soul destroying looking at my screens at the moment. Thank God I've moved to Corporate Finance so I don't have to deal with much of this stuff.
Given a 13% fall in the Dow Jones today, and the completely unprecedented situation we find ourselves in, I think there is still a lot more pain to come in the markets. The rebound, when it happens, is likely to be triggered by political decisions indicating a start of a return to normality. As the popular pressure presently seems to be on governments to take increasingly drastic measures, I think we are still a long way from that point.I know nothing about the economy/stocks but I've seen a few companies especially the bookies take a battering.
Is now the time to invest in these stocks?
Probably a terrible thing to say at the time. Presumably they’re, like everyone else tbf, anticipating a bone-crunching recession in Italy. The solidarity of the eurozone will be tested to the limit by this situationJust watched dateline London on the BBC. One of the contributors was talking about the head of the ECB saying it wasn't their job to keep Italy in the Euro.
Do you know if that is right and isn't that a terrible signal to send at the worst moment?
Prices will still fall. So if your looking for stocks on the cheap, you can hold on.I know nothing about the economy/stocks but I've seen a few companies especially the bookies take a battering.
Is now the time to invest in these stocks?
Stupid thing to say from Lagarde and she was critized for it, even in Germany. When it comes to Eurozone credibility, Germany will probably follow the old adage from Churchill about the Americans:Probably a terrible thing to say at the time. Presumably they’re, like everyone else tbf, anticipating a bone-crunching recession in Italy. The solidarity of the eurozone will be tested to the limit by this situation
Is there a chance that a lot of companies won't get bailed out/given loans to support them?Prices will still fall. So if your looking for stocks on the cheap, you can hold on.
Definitely, a lot of comoanies will go under over the next few months. I expect the big firms to survive. I am curious to see how the aviation and tourism companies come out of this.Is there a chance that a lot of companies won't get bailed out/given loans to support them?
Tweet
— Twitter API (@user) date
What? No, you really don't want to send businesses that were otherwise healthy go under in massive numbers because of an "act of god". The pain would not even start to end with rich CEOs and investors. It would hit absolutely everyone, especially employees. This isn't 2008, where it was less painful to bail out banks that had themselves caused the bubble and crash, so that presented a moral dilemma. Do you really want to punish businesses for this incident, and as result all of their current employees? To the benefit of who? Those who simply weren't invested at the time and holding cash?Tweet
— Twitter API (@user) date
did you get it from r/neoliberal?
Looks like it, basically the options are, end the lock-downs and accept 1-3% of the global population go to an early grave, or continue current policy and get a deflationary crash on par with the great depression and unemployment heading to double digits everywhere. No good answer.We are about to witness a collapse in economies all over Europe and the US. It's going to be a shitshow and all our pensions are about to go poof.
r/chapotraphouse, which means it's probably lifted from twitter.did you get it from r/neoliberal?
Central Banks totally impotent in this. They're moving deck chairs around.Yellen and Bernanke encouraging the Fed to buy corporate bonds. That's a feckin slippery slope.
Just wait. Somehow they will find a clever way to blame the Fed and the lazy Americans on welfare.
ya, viruses go or inject stuff through the membrane, they hijack stuff inside the cell.Hahahah. What's up with the membrane part? Technically incorrect?
I have already received two notifications letters which are automatically prompted by 10% falls in my pension value. Ouch...We are about to witness a collapse in economies all over Europe and the US. It's going to be a shitshow and all our pensions are about to go poof.
It's easy to model deaths in the short term from the virus.Bump
Is anyone looking at the trade-off between the level of social distancing being done, and the economic ramifications down the line?