I am confused by the logic of selling now as well. Do people think the economy is going to stay crashed forever? If so, won’t money be worthless anyway? Seems to me that logically the very worst thing you could do now is sell.
I mean...isn’t that obvious? Someone at work was talking about what a bad time this is to buy stocks and she told her husband to sell some of their stocks until things improve. I wanted to ask her if she knows that you make money when stocks rise and loss money when they fall but to each their own. Her and her husband can do whatever they want to with their money I guess lol
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We were talking about the stock market downturn at work, and one of my co-workers said "yeah, but this won't effect our money that's in 403-B's." She was serious (and she isn't a new grad
🤣 ) She apparently never paid attention to her 403-B and was clueless that yes, the total value will go down when the stock market crashes.
At the moment, many people think things are still getting worse. If lockdowns last longer than 4-8 weeks, they fear of recession coming. So they think they can enter at a lower price.
That's one of the reasons there are still selling.
Also like Boeing, some ppl fear it might go bankruptcy, so they want to get out...
The thing is, even though people are unemployed in high amounts right now, there is every reason to think most of those people will be able to go back to work in a few months when this blows over. I'm not a Trump supporter, but I think he was right when he said the economy will rebound.
But the bankruptcy thing is a real concern. I really don't think Boeing is going to go bankrupt, but industries like cruise ships, I can see some companies going bankrupt over this.
Customer: "I cut my hand and it's swelling and the rash is starting to spread. Should I put Neosporin on it?:
Me: "Yes, but it sounds like it might be infected already and you need to get care urgently or it could become much more serious to the point where sometimes they have to amputate."
Customer: "But Neosporin should work right?
Me; "At this point you likely need something stronger and need a professional diagnosis and treatment. I would not gamble with this."
Customer: "But Neosporin should kill the infection?"
Me: "It sounds like it is spreading and is no longer superficial. It could turn into a life threatening, full body infection without proper treatment. You need to see a physician."
Customer: "But Neosporin is for cuts and should treat this?" (customer continues to become more upset you're not validating the easy solution they wanted)
Conversation continues like this for the next 5 minutes until I finally tell them we're very busy and I am not going to change my professional recommendation to whatever they want just because they want me to.
I've never understood why people think they need my pharmacist permission to do something. I guess so they can sue me when it goes wrong? I don't have patient for this kind of arguing, after the 2nd or 3rd time, I tell people, "it's a free country, you can do what you whatever you want, but my official recommendation is still "official recommendation."
Zero. Never put anything in it during my first hospital stint in 2012-2014. Independent pharmacy never offered it 2015-2018. My hospital only offers to contribute after 1 year in so I plan on beginning to contribute to it in May.
This is scary. I've not a huge retirement fund contributor, but I've always contributed something. I agree with Confettiflier, you need to start contributing something today.
He seems like someone that would sell Chuck E. Cheese tokens to people on the subway stupid enough to believe they are buying bitcoins.
And the thing is, Spardus *would* find people to buy his Chuck E. Cheese tokens. He has that sort of luck.
