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This crash and the virus is affecting my quality of life. It’s hard to watch me lose thousands every day in just personal investments, not only 401k. On top of that, I’m starting to worry about a bad recession again. It’s sooo hard to just ignore all this. I now try to just look at stocks at the beginning of the day and end. Is it normal to worry like this? Logically I know everything will recover eventually, but I don’t think of that.
Yes, t has affected mine also. I knew that I would not be able to stomach this, so I shifted the equity funds in my 401K/IRA to money market funds within those offerings last Monday. I’m not earning squat, but I feel better. I still kept the non-retirement alone, don’t want to look at those. I have 10-15 years for them to gain.
Cashcall mortgage, but they are swamped now. Rates online are high to slow down the demand. Plus a lot of them are now forced to work at home now.
Edit to add, I got a call today that the loan is ready to be signed. Finally!
Last edited by NewbieHere; 03-16-2020 at 08:00 PM..
Unfortunately pensions will be under even more stress in the restarted ZIRP environment. ZIRP and NIRP policies will cause pension failures across the world.
Life Insurance companies too. How in the world will they generate enough loss ratio to make the policies work without serious premium increases?
Hell yeah, I'll buy the dip. 3 years from now we will be back to record highs, similar to 2009 meltdown. That was a 53% drop. This drop is just 27%. All it takes is a vaccine cure and BOOM!
So I will just enjoy this ride buying low for an extended period.
Life Insurance companies too. How in the world will they generate enough loss ratio to make the policies work without serious premium increases?
they work differently because they deal in mortality credits which magnify returns greatly . both life insurance and annuities play with the fact those who live pay for those who die in life insurance or those who die pay for those who live in annuities .
if you or i buy a 30 year treasury we get 1.50% a year for 30 years ....
but if 30 of us pooled our treasuries and one of us died a year and the deal is that treasury goes in the pool , well last man standing which is the insurer actually had a 30 x 1.50% return .....that is a 45% return , less what they paid out .
so insurers invest in things we can't , namely dead bodies if paying annuities or they invest in those who live in life insurance and they play statistics .
we can't as humans since we only have two outcomes . we are alive or we are dead ..
Last edited by mathjak107; 03-17-2020 at 05:14 AM..
Just 3.25%, 0 point, $995 cost. They promised me 3 weeks and it’s been more than 3 weeks.
First world problems.
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