OT - Dow plunges 1,175 - worst point decline in history

[kppolich]

Know your current needs.
Know your risk tolerance.
Yes, I sound like a broken record but that’s all it is.

If you get emotional over money, the Market probably isn't the place for you to park your money.

[jimcav]

Originally Posted by kppolich

Buying CCL, XOM, and BA at close today. Dividend stocks on sale got 25% of my remaining free capital keeping in line with my risk tolerance and current needs.

I did similar, sold some gainers in my Roth, and bought beaten down stuff. They have since been beaten even further down, but I have 9 years min. before I draw on that account. So, I may do Roth contribution (haven't done my 2019 yet) to double down on the same or pick other beaten down ones. Were you concerned about XOM's debt level relative to other big oil? BA is on my list but planned to wait another earnings report. I bought CCL, hoping it doesn't do an Enron on me.

[dave thompson]

Originally Posted by Burnette

There's a run on toilet paper, stores were running out, hence the joke that you can't wipe your butt because the store is out but you can buy cheap gad because Saudi Arabia is dumping oil in a big way into the market.

Local Walmart toilet paper aisle today.

[kppolich]

Originally Posted by jimcav

I did similar, sold some gainers in my Roth, and bought beaten down stuff. They have since been beaten even further down, but I have 9 years min. before I draw on that account. So, I may do Roth contribution (haven't done my 2019 yet) to double down on the same or pick other beaten down ones. Were you concerned about XOM's debt level relative to other big oil? BA is on my list but planned to wait another earnings report. I bought CCL, hoping it doesn't do an Enron on me.

I bought XOM first because oil will be the first thing to rebound. XOM vs. CVX vs. Others were considered but I landed on XOM for the higher dividend yield and higher downstream revenue.

I bought BA second because it was on my radar for a while and airplanes aren't going anywhere.

I bought CCL last, because I too hope it doesn't Enron on me, and for that reason it was my smallest purchase of the day.

[jimcav]

Originally Posted by kppolich

I bought XOM first because oil will be the first thing to rebound. XOM vs. CVX vs. Others were considered but I landed on XOM for the higher dividend yield and higher downstream revenue.

I bought BA second because it was on my radar for a while and airplanes aren't going anywhere.

I bought CCL last, because I too hope it doesn't Enron on me, and for that reason it was my smallest purchase of the day.

other thing i added was GILD, short-term on potential COVID19 treatment, and, if not, it should still do ok long term. I couldn't decide on an oil company so did the XLE energy sector ETF. My dividend pick was VTR, a REIT and it has TANKED since i bought it, but hoping 9 years from now it is up

[fmradio516]

Originally Posted by kppolich

I bought CCL last, because I too hope it doesn't Enron on me, and for that reason it was my smallest purchase of the day.

Idk about that one. I think cruise lines are going to suffer for a long time..

[Tony T]

Originally Posted by fmradio516

Idk about that one. I think cruise lines are going to suffer for a long time..

And the airlines.
I think the Banks may be ok as they are well capitalized since 2008 (but who the hell knows — so much is unknown)

[fmradio516]

Originally Posted by Tony T

And the airlines.
I think the Banks may be ok as they are well capitalized since 2008 (but who the hell knows — so much is unknown)

Yeah airlines too. But i feel like once there is an "all clear" people will be quicker to jump back on a plane(mostly business), while mostly all cruises are "nice to haves" and the recent horror stories will leave a bad taste in peoples mouths for a long, long time..

instead of investing in carnival cruise lines, id save the money and plan a nice cruise(refundable ticket) as i think prices are going to tank, like the airlines.

[echappist]

Originally Posted by jimcav

other thing i added was GILD, short-term on potential COVID19 treatment, and, if not, it should still do ok long term. I couldn't decide on an oil company so did the XLE energy sector ETF. My dividend pick was VTR, a REIT and it has TANKED since i bought it, but hoping 9 years from now it is up

oh the irony

[Burnette]

Originally Posted by dave thompson

Local Walmart toilet paper aisle today.

We went from worrying about having enough milk and bread to worrying about having something to clean up from drinking milk and eating too much bread!

Time to check toilet paper stocks

[mtechnica]

Originally Posted by Burnette

Time to check toilet paper stocks

All joking aside I have an interview at a company that makes toilet paper on Monday, for a manufacturing engineer position

[jimcav]

Originally Posted by mtechnica

All joking aside I have an interview at a company that makes toilet paper on Monday, for a manufacturing engineer position

that stuff (both TP and jobs) matters

[Burnette]

Originally Posted by mtechnica

All joking aside I have an interview at a company that makes toilet paper on Monday, for a manufacturing engineer position

Your resume was three ply, you should get a clean pass, you're on a roll. That's all I got, Ha!

[Tony T]

Originally Posted by Burnette

Your resume was three ply, you should get a clean pass, you're on a roll. That's all I got, Ha!

[Tony T]

Bitcoin loses 21 percent of its value in broad cryptocurrency rout
The cryptocurrency world has experienced its biggest one-day plunge in months. Bitcoin, the most popular cryptocurrency, is down 21 percent over the last 24 hours. Earlier today, Bitcoin fell below $6,000 for the first time since May 2019.