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Dow Jones drops 2,100 Points, Trade halted


FATCAT

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Kimblue
Just now, FATCAT said:

Don't buy any stock in airliners/travel stock lmao

I’m going to pick up some.

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Kimblue
1 minute ago, blankpaper said:

This though. I was young and broke during the last recession and told myself I’d make up for it during the next one 

Same, I had a 401k, but I wish I bought stock back then.

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Damn. It's not recession time just yet (my world tracker/index is still higher than in early january 2019), but this is really bad. Hope it's a wake-up call for Trump and European countries to take the coronavirus seriously. 

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blankpaper
Just now, Kimblue said:

Same, I had a 401k, but I wish I bought stock back then.

I was 16 in 2008 so I had nothing but realized a few years later what I missed out on

reality’s tight if the music is right
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blankpaper
5 minutes ago, shoful said:

Should I start buying right now? What should I invest in?

Diversify. Put it in mutual funds. If you’re young, you can ride out market fluctuations so I’d put it in one of the “riskier” ones and you’ll make way more money in the long run. The market averages like 12% gain per year over any 10 year period and right now it’s on sale 

reality’s tight if the music is right
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FATCAT
4 minutes ago, shoful said:

@Kimblue @FATCAT @Economy Tell us when and what to buy :giveup:

Any remote software (Think Business versions of Skype, remote work suites)

They will be SOARING through the summer. 

This kitten over here (meow)
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FATCAT
4 minutes ago, Timmers said:

You can't really buy if Wall Street has halted trading, though, right?

It just reopened, but if it drops below 13% it'll halt again. 20% and the whole day will be halted

This kitten over here (meow)
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blankpaper
1 minute ago, FATCAT said:

Any remote software (Think Business versions of Skype, remote work suites)

They will be SOARING through the summer. 

Invest in Purell haha 

reality’s tight if the music is right
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Mister G

I need to email my financial advisor and inquire what he thinks is best at this point.

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Morphine Prince

How much money do you guys have invested in stocks? 

I tried investing with just a couple of hundred a few years ago just to EXPLORE this thing but didn’t have much success. I know it’s a long term thing but I didn’t have the time to invest my time and energy into this so I didn’t want to risk losing too much money. 

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25 minutes ago, Mister G said:

But remember Trump said this was all a hoax. Doesn’t matter how many lies he spreads or misinformation he shares, the truth will always be the truth.

He can't insult his way out of this one

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Antoni
3 minutes ago, Morphine Prince said:

How much money do you guys have invested in stocks? 

All of it. I'm Jeff Bezos.

Spoiler

I had $6,000 I invested myself last year. Currently down to just under $5,000. An account I started in 2017 with $35,000 of inheritance had gotten up to almost $45,000 and is back down to about $35,000. I don't manage that portfolio though, it's automated by Fidelity. 

 

My name isn't Timmers
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  • FATCAT changed the title to Dow Jones drops 2,100 Points, Trade halted

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