How is the economy treating you?

Other than the beating that our stock investments have taken, we are doing well. Luckily, we also had a lot in savings, which, of course, have not dropped in value. Between those, my 401K, Social Security, and my wife's pension, we are doing very well.

Terrible

I'm fine.

@ATACdawg: "Other than the beating that our stock investments have taken..."
___________
I'm amazed the market has held up as well as it has, so far. But like some of the other guys here, I fear more declines in the future. I haven't sold anything. Under the Trump administration workers are expected to get back to work -- you know for the better good of the stock market.

Ok

I’m fine. It’s all about the stock market for me. I don’t worry about short term drops. In the long run, the stock market has always come back. The worst thing someone could do is sell out when the market is going down, then miss the bounce back. That’s the main reason the average investor underperforms the market.

Got nothing to complain about.

I'm OK. Being retired, my income has remained the same. My expensive habits--strip clubs and international travel--are now non-existent. My checking and savings accounts are growing bigger and bigger. My stocks have taken a beating, but I'm not planning on selling any stocks in the near future.

i am in cash ,,, i sleep better...., you can lose all your money in the market

Been a great time to max out my Roth IRA for the year.

It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy.”

~ George Horace Lorimer
~ Born: October 6, 1867
~ Louisville, Kentucky
~ Died: October 22, 1937
~ Wyncote, Cheltenham Township, Pennsylvania

Not everything that can be counted counts, and not everything that counts can be counted.

~ Albert Einstein

~ Born: March 14, 1879
~ Ulm, Kingdom of Württemberg, German Empire
~ Died: April 18, 1955 (aged 76)
~ Princeton, New Jersey, United States

As of now I still have a job and get 20 percent extra pay when I work onsite (about 24-30 hours a week)

So far, so good. But I almost feel guilty about it because I am surrounded by businesses that are shut down and people who aren't doing so great.

My income is the same - but for the first time in a long time I've been carrying some credit-card debt since January I haven't been able to knock-out and it bothers me (multiple things have come up through the first quarter that are not usually expenditures for me) - the CC debt has also not allowed me to invest in the market as much as I'd like during this down-turn although I've been able to invest a couple of thousand; I should be out of CC debt by the end this month (April) though - my worry is what will happen in next few years as a result of all this government expenditure.

I'm doing great but who knows how long that will last. Most people won't last another month

futures show crude oil is down 13.52 % @ $15.80 now .......... crazy

@Papi, avoiding rollover CC debt at all costs is the greatest investment you'll ever make. It is a guaranteed return of 18 to 22% annualized depending upon your card. Just a thought as you consider how to allocate your spending.

looks like a blood bath for oil monday........a new report came out there is now a double glut of oil at sea

^ 15.55 now bd. We need to get this fucking economy open before we lose most of our domestic oil production and once again become dependent on foreign powers. Cheap gas is great and all, but at a certain point it hurts us more than helps us and I think we've gone well past that threshold.

exactly.....rick .........i hope this house of cards can hold up thru all this

I was considering selling my condo and mentioned it to a friend. I had talked with 2 realtors but hadn’t made a decision. That next day my doorbell rang and a couple introduced themselves, said that they’d heard I was considering selling. I said I was and they asked how much would I want. I told them $435k and they said “We’ll take it”. The closing is in 10 days. No realtor fee and a cash deal. I’ve got a new house picked out which will meet my needs for about 1/2 the cost. Getting things done during the stay inside advisory is tough and the amount of crap I’ve accumulated is daunting, but the dump is an essential service and is open.

^ I moved my mom in mid January - she hadn't bought furniture in a good # of years so I bought her a fair amount of new furniture for her new place that would also go better w/ her new place - fortunately a lot of people knew her in the neighborhood and knew/heard she was moving out so a lot of the stuff she was replacing was able to be given to folks who wanted it (either folks in her neighborhood, or folks people in the neighborhood knew) - but that would have been a harder task in the current environment

In one sense, great, I got out of the market when Trump was elected. In another sense, terrible, since I'm in the lodging business and my income is zero and most of my expenses are fixed. Fortunately my bank is giving me a three month deferral on my mortgage payments. I filled out every loan application possible, but zip, nada from the SBA. No-one seems to know where all that money went.

⬆who knows where the $$$ went?
Steven Mnuchin probably knows!

And maybe.........."Who knows what evil lurks in the hearts of men? The Shadow knows... "

Mnuchin/evil is right.

@Rick how do you get an annual return of 18-22% on your credit cards?

I'm a healthcare worker that is deemed essential so thing are going great finally along with an extra 20% incentive pay for each hour of overtime I work in addition to the typical time and a half. The tradeoff is very long hours and few days off as I work in one of the hardest hit COVID-19 areas in the country.

Government workers staying home should have been furloughed. We're fine and living off emergency account and our jobs. Mine bringing in 60% less.

===> "@Rick how do you get an annual return of 18-22% on your credit cards?"

TFP, that is the general range of interest rates on many credit cards, especially those offering juicy rewards programs. Every time you pay the balance off before rolling over to the next month, you have "earned" yourself a guaranteed return by not paying interest on the balance.

The stock market is up 32% since Trump was elected and up about 20% since the dip in December 2018. In the long run, the stock market will always be the best place to put your money. But, that’s only true if you avoid selling when times are bad and getting back in after things are good.

FUCK! Oil is now down 95% to under $2.00 …

This is not good for the world’s economies and societal stability.

There are bad things coming if the current situation worldwide isn’t turned around soon.

Wow, just fucking Wow!

Price for a barrel of oil has touched as low as .03 (THREE FUCKING CENTS).

Oil is negative. -$35 a barrel. Houston clubs are going to get killed, assuming they reopen.

crude oil down - $18.6500 under zero..... negative -36.9200 (-202.08%) crazy what a crash

oil apocalypse it is trading below zero maybe it is because of the high cost to store the glut of oil, and futures monthly rollover............... it has to go up above zero,,,,,,,, it could be 20 again soon.................. crazy times

Me, pretty good! I just started a new job a little over a month ago, with a 30% raise over my last job, just as the lockdown was starting. So I've bee 100% remote work since then. I wish I could get overtime but work-life balance is great. First time I'm over a hundred thousand dollars, too.