@ClanNaFiacaillApWythe That's reasonable.. Does that mean you are sitting tight as history moves on and COVID-19 is eventually in the rear view mirror?

@PowerofStories I missed the ideal opportunity to buy in as I was either already bought in or didn't have the $ properly positioned to do so. This has been a good time to hide out,to hunker down,and to lie low.

@ClanNaFiacaillApWythe My guess (and it's just a guess) is that there will be another steep dip before this is over.

@waleskinder I haven't followed him consistently, but was surprised to learn that he even owned any. After all, in 2007 he wrote to Berkshire Hathaway investors that “if a far-sighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.”

@waleskinder He turns 90 next month. I knew he was getting on in years, but that he was this old caught me by surprise.

@PowerofStories yep. I only look to go 😂 I was right that shot up or 😂 I was right that sunk.

When this all started I was crying laughing at the Nasdaq thinking of people loosing imaginary money they didn't really have anyway.

It's all made up BS. Eat, sleep, fuck. - that's what life actually is - then die.

@Paliglass Well, I'm not entirely sure I agree because my luckiest stock pick ever put my son through college. But come to think of it...he may have just traded one type of BS for another. He never took a job in his studied field, so I think he is now back to doing the three things you say life actually is.

@PowerofStories 🤷 I rest my case 🤭😂

@Ashlynn For people, like you with a long term investment horizon, I agree. I am a proponent of the saying that "time in the market" is much more important than "timing the market". At my age the calculus is a little riskier, if you consider that in the absolute worse case scenario, the Crash of 1929, the US stock market did not recover its previous highs until 1951, 22 years later. But even so, if you had invested in the Early 1930s, you would have done very well.

And I think mutual funds are a great idea unless you are prepared to invest a great deal of time in selecting your individual stock investments.

@PowerofStories age obviously plays a factor but even a retiree at 65 you likely have 15-20 years of investing you can do. Most people don’t cash out 100% of their 401k when they retire, instead living off the gains.

@Ashlynn True. But it all depends on what happens during the down cycle. To use a scenario that is probably more extreme than what lies ahead, from 1929 to 1932, the Dow Jones Industrial Average declined from roughly 375 to 50. So if something like that were to happen today, even if you were fortunate enough to be a 60 year old with $750K saved just before the crash to last you for the next 20-25 years of your life, you might be pretty unhappy at age 64 with only $100K left to support you for the remaining 15-20 years ahead of you.

Of course this is a purposely extreme scenario, as it ignores that fact that most people don't invest 100% in stocks and there is social security, etc.

@cycleman I'd do it 5 years incase there is indeed another outbreak in ten years, just saying.

@Paliglass I'm thinking of investing with funeral homes.

Over the past decade, each of the two leading U.S. providers of funeral and cemetery services has reaped a total return of nearly 1,300% for shareholders—around 1,000 percentage points more than the stock market as a whole.

@cycleman well it's definitely a reasonably safe investment unless people start illegally having Viking funerals I don't think you can go wrong 🤷

@exexec Patience is often a virtue.

@MougyWolf Weed is always a good investment 😉 But be cautions investing in legal weed stocks. It is a commodity and there appears to be an oversupply right now.

@MougyWolf a small investment you smoke yourself? 🤭

@PDXNative1986 Yes, make the Masters do your bidding! Do you visit the financial site Seeking Alpha? I don't follow ZNGA, but they have some good things to say about it.

@MethDozer they use diesel in making cocaine so if you bought both you'd be quids in 🤷

@PowerofStoriesinvest on me all you want. I won't complain.

@MethDozer OK. I'll keep an eye on you.