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OverSeas AG
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In reply to iluvpoker • 6:23p, 3/18/20
AG
Every knee shall bow and every tongue shall confess
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IrishTxAggie
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6:37p, 3/18/20
AG
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claym711
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6:47p, 3/18/20
AG
I think many buy-and-hold investors are going to become big fans of socialism very quickly.
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jj9000
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In reply to claym711 • 6:50p, 3/18/20
AG
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gig em 02
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In reply to claym711 • 6:51p, 3/18/20
claym711 said:
I think many buy-and-hold investors are going to become big fans of socialism very quickly.


Why do you say that?
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IrishTxAggie
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In reply to jj9000 • 6:52p, 3/18/20
AG
jj9000 said:
claym711 said:
Check out the plan the house Dems rolled out.


Oh boy!!

$2K/month for every adult
$1K/mo for every child

Until this Pandemic ends.

Is this real life?


They one upped Andrew Yang!
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aginlakeway
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In reply to jj9000 • 6:53p, 3/18/20
AG
jj9000 said:
claym711 said:
Check out the plan the house Dems rolled out.


Oh boy!!

$2K/month for every adult
$1K/mo for every child

Until this Pandemic ends.

Is this real life?


It's not for EVERY adult.
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Boat Shoes
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In reply to aginlakeway • 6:55p, 3/18/20
AG
aginlakeway said:
jj9000 said:
claym711 said:
Check out the plan the house Dems rolled out.


Oh boy!!

$2K/month for every adult
$1K/mo for every child

Until this Pandemic ends.

Is this real life?


It's not for EVERY adult.


Where are y'all seeing this? So a family of 4 gets $72k a year??
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Hendrix
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6:56p, 3/18/20
AG
Income limits?
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Aggie_2463
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6:57p, 3/18/20
AG
I doubt I'll be seeing much of that cash stipend, but that's ok there are millions who need it to stay afloat the next month.

I read it'll be 2 payments only , one in early April the next in May, with income threshold requirements somewhere around $100k for a married couple
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UpstateAg
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6:57p, 3/18/20
AG
Where are these numbers coming from? That's nuts.
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IrishTxAggie
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In reply to Hendrix • 6:57p, 3/18/20
AG
RSP715 said:
Income limits?


I'm self-employed. My income is about to go to 0
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aginlakeway
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In reply to Hendrix • 6:58p, 3/18/20
AG
RSP715 said:
Income limits?


Yep. I'm assuming based on last tax returns. Just guessing tho.
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jj9000
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In reply to UpstateAg • 7:03p, 3/18/20
AG
UpstateAg said:
Where are these numbers coming from? That's nuts.


Seeking Alpha has the full plan.
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tlepoC
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7:04p, 3/18/20
AG
So...more money from nothing. How do you protect value?
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khaos288
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In reply to aginlakeway • 7:07p, 3/18/20
AG
aginlakeway said:
RSP715 said:
Income limits?


Yep. I'm assuming based on last tax returns. Just guessing tho.
Damn it.
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UpstateAg
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In reply to khaos288 • 7:09p, 3/18/20
AG
I want to thank my housing allowance, which included paying for a roof and ac unit this year, for dropping my income 35 grand. You're the real hero
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agdaddy04
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7:10p, 3/18/20
AG
What are the income limits?
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aginlakeway
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In reply to agdaddy04 • 7:11p, 3/18/20
AG
agdaddy04 said:
What are the income limits?
I read above 100k/married couple. No check. But who knows.
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McInnis 03
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In reply to jj9000 • 7:15p, 3/18/20
AG
jj9000 said:
UpstateAg said:
Where are these numbers coming from? That's nuts.


Seeking Alpha has the full plan.


Link?
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agdaddy04
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7:16p, 3/18/20
AG
Those numbers seem insane. Wouldn't it be cheaper just to match someone's salary if they're unemployed or can't work because it's closed?
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claym711
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7:23p, 3/18/20
AG
I think the govt will end up (1) buying equities (2) paying the vast majority of individuals 1-2k/mo (3) suspending debt payments of all kinds and rent and paying those businesses itself (4) providing massive amount of working capital to businesses (5) paying for all healthcare related to covid and (6) bailing out all the majors.

The fall out after someone smarter than me can provide a guess, but it will definitely bounce the market hard.
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gig em 02
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7:24p, 3/18/20
I know plenty of people make $300k+ that live paycheck to paycheck. I also know millionaires with less than $100k in "income". Oh well, nothing better than handing thousands of dollars to people that have no idea how to handle their money. If they weren't smart enough to have an emergency fund, why would anyone think they'd be smart enough to use cash appropriately?
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aginlakeway
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In reply to gig em 02 • 7:25p, 3/18/20
AG
gig em 02 said:
I know plenty of people make $300k+ that live paycheck to paycheck. I also know millionaires with less than $100k in "income". Oh well, nothing better than handing thousands of dollars to people that have no idea how to handle their money. If they weren't smart enough to have an emergency fund, why would anyone think they'd be smart enough to use cash appropriately?
YEP
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Exsurge Domine
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In reply to gig em 02 • 7:26p, 3/18/20
gig em 02 said:
I know plenty of people make $300k+ that live paycheck to paycheck. I also know millionaires with less than $100k in "income". Oh well, nothing better than handing thousands of dollars to people that have no idea how to handle their money. If they weren't smart enough to have an emergency fund, why would anyone think they'd be smart enough to use cash appropriately?


The best thing you can do in this situation is give cash to people who go out and spend it, that's what's needed to get the economy jumpstarted, people spending money, not saving it
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Hendrix
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In reply to claym711 • 7:30p, 3/18/20
AG
Agree. And it will be glorious.
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WestTexAg12
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In reply to iluvpoker • 7:33p, 3/18/20
AG
iluvpoker said:
If you're buying long term (1 yr or more), then I advise quit trying to buy now and "get in on the bottom".

There will be plenty of days to buy cheap after the bottom is in. The market hasn't even had 2 up days in a row since this drop started. And the few days it does go up say 1,000 the next day it drops 2,000.

It's your money so you're gonna do what you want. I just hate seeing y'all lose money on fundamental mistakes. I'm going to step off my soapbox now.

"Give me an army of West Point graduates and I'll win a battle. Give me a handful of Texas Aggies, and I'll win the war.”
- General George S. Patton
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oldarmy1
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7:33p, 3/18/20
AG
I expect LADR to rebound hard with the Bill passage.
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Barnyard96
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In reply to WestTexAg12 • 7:35p, 3/18/20
AG
well said
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khaos288
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In reply to gig em 02 • 7:35p, 3/18/20
AG
gig em 02 said:
I know plenty of people make $300k+ that live paycheck to paycheck. I also know millionaires with less than $100k in "income". Oh well, nothing better than handing thousands of dollars to people that have no idea how to handle their money. If they weren't smart enough to have an emergency fund, why would anyone think they'd be smart enough to use cash appropriately?
This is the worst take I've seen on texags maybe ever.

You think "being smart" is the reason most people don't have an emergency fund? The number of people I know barely scraping by and worrying about rent/mortgage versus the number of people who spend lavishly every month with zero savings has to be an infinite ratio. I don't know anyone in the second category, and tons in the first.
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WestTexAg12
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In reply to Barnyard96 • 7:36p, 3/18/20
AG
barnyard1996 said:
well said

Lol fixed
"Give me an army of West Point graduates and I'll win a battle. Give me a handful of Texas Aggies, and I'll win the war.”
- General George S. Patton
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ProgN
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7:46p, 3/18/20


If true, the lethality of this disease will be nowhere near what the press is selling and combined with the howitzers that the fed has aimed at the markets, you don't want to be short. JMO.
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khaos288
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In reply to ProgN • 7:47p, 3/18/20
AG
Prognightmare said:


If true, the lethality of this disease will be nowhere near what the press is selling and combined with the howitzers that the fed has aimed at the markets, you don't want to be short. JMO.
Who in the hell has no medical history though? haha I need to see what their data classification is to even know if that's newsworthy.
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agdaddy04
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In reply to oldarmy1 • 7:48p, 3/18/20
AG
Is this something you recommend for non day-traders as well?
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Exsurge Domine
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In reply to khaos288 • 7:48p, 3/18/20
khaos288 said:
Prognightmare said:


If true, the lethality of this disease will be nowhere near what the press is selling and combined with the howitzers that the fed has aimed at the markets, you don't want to be short. JMO.
Who in the hell has no medical history though? haha I need to see what their data classification is to even know if that's newsworthy.


Even more interesting 50% had 3 or more comorbidities
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