^ Yea, world population of 8 billion and almost 3,000 deaths from this virus...
Hmm... cancers, cardiovascular disease, accidents...
of course, lets not forget about getting struck by lightning, earthquakes and tsunamis... oh, asteroids, yup almost forgot asteroids
lottery tickets - not a bad bet, eh?
Now, here's one we actually know how to prevent - compliments of the world's deadliest animal
Nearly half the world's population lives in areas at risk of malaria transmission in 91 countries and territories. In 2016, malaria caused an estimated 216 million clinical episodes, and 445,000 deaths. An estimated 90% of deaths in 2016 were in the WHO African Region.
Half the world's population is at risk and yet, no hubbub
Priorities, priorities...
This thread has inspired me to post a few precious metals. First death of Corona Virus confirmed about 25 km away. I am so afraid I decided to polish my silver collection.
Some out of the safe...
I think Fish is our very own Bert Gummer
^ he hasn't taken us to the inner sanctum, erm arsenal yet.
The wife is in Thailand and I'm in Germany. I go over on 24 March to pick her up so hope any problems with travel control wait until after I'm back there.
Worst problem will be the flight. Always a place to catch something. I guess I'll have to go into self isolation when I return...
Being a bit of a coin fan ...
- 31st American Silver Eagle coin release!
- Contains 1 Troy oz of .999 pure silver in BU condition.
- Issued a face value of $1 (USD) by the United States.
Retails for about USD $20 a coin ... Buy 2017 American Silver Eagles - Free Shipping At JM Bullion™
---
I must admit that silver coins are a priority to collect and hopefully invest in.
Some coins gain/maintain value because of their scarcity hence their desire to collect ... some, like Silver/Gold/Diamond encrusted coins at least maintain their value due to the intrinsic nature of the precious metal.
So silver and gold coins have worth because of the...err...silver and gold.
Thanks for clearing that up.
What starts a panic is people going out and buying up stuff out of fear and ignorance. Bowie posted stats that more people die of the general flu. Its so easy now for the media to whip people into frenzy. Couple of my friends in the US sent me headline news of people fighting over toilet Paper at Costco. There was another showing people buying up all the hand sanitizer.
I got a good laugh as the US Surgeon General said to stop buying masks as you are taking them away from the medical community that really need them and they are inefficient for the general public. I mean think about it. I watch people drop them down to drink and eat. They wipe their faces and noses because its hot in the mask then they touch doors and money and so on.
3000 deaths is not anything to disregard but one thing the medical community has not done is show the age and status of those that passed from it. I think we all have enough common sense that older folks with weakened immune systems are suspect as are very young children. Those folks should limit human interaction and stay home.
Anyway am I stocking up on anything. Nope. It just supports the frenzy. I say get outside in the sun. Apparently this virus doesn't like the heat much. Nothing better than some natural Vitamin A and D with a light dose of radiation oh yeah and a glass of Bourbon
Hows your investments now Fishy? I bet it took a good beating with the Dow dropping off 3500 pts with more probably coming tomorrow as the masses are whipped into a frenzy and buying up supplies like the world is coming to an end......
It will be a good time for me to jump back in with a portion of mine. The guess though, is when. I am sitting pretty in a cash position now and have been for awhile.
Figures on this have been posted several times in the main thread, and looper just re-posted it yesterday or today. It is the old (particularly the very old), and those with a co-existing morbidity (such as a heart condition) that are biting the dust. Young children have very low rates of mortality.
Honestly I'm down about 180k in value in those two days of steep drops, no big deal. An 11k quarterly dividends payment posts tomorrow so I'm buying on the cheeper side and that's ok by me.
You see I really don't want stock prices rising as I'm years away from retirement and plan to live off dividends and monies from my properties. And no not the house in Laos. That's just a place to hang out years from now when I jump ship and need something to do to keep busy.
When to get back in? Who can say with certainty. Maybe well after the presidential election.
Good luck picking the bottom. Last year at this time I jumped into bonds for two months of divs, about 7k total and bonds rose so I made some bank. Then back into stocks just befor the X-date= Ca ching=more Bank. Tefflers help me, how do you spell Ca Ching!
Then back to bonds for two months of divs and a few cents rise and back to stock.
I was thinking this is way too easy and that's when I was told I'd have to hold for more than 60 days or they would freeze my account for six months, I believe. I didn't read that anywhere but figured I'd cool it awhile.
I think I was up 140k this year so no big deal on the clawback thus far. And if it drops farther I'm still buying more.
Any other questions?
Last edited by fishlocker; 02-03-2020 at 11:53 AM.
Reckon this going to be more a U curve not a V, stock on a massive high just before the start of this cruise so i think we have a way to go before the bottom but as you say $ cost averaging over a long time won't see you wrong.
That has worked for me. I used to keep daily logs but now only when I do something major.
Peace out, early start tomorrow.
Have one for me as I'm dry.
Cheers, The fish.
P.S. I'm not joking about needing a bigger boat.
Naaah fish. Just easy to talk big when rolling up but hard to swallow on downside. Most only talk about winnings but never the losses. Part of it all I guess.
I am likely going to stay put as i think the bottom is a month or more out and then I think it will be an extremely conservative climb. This was actually a good wake up call as most stocks IMHO are way over valued. If I stay put I can pull in >$2500 or so a month then add that to SS in a few years and life is a cake walk then you die.
My Pop has a fat wad of Amazon stock they bought years ago for $21. I keep telling him to sell. He said he is saving it for my brother and I. I told him to spend it like he stole it. Won't do it. I plan on dying broke. Money isn't any good on paper. It's only good when you spend it
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