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Economy

Warpy

(114,525 posts)

5. I have stocks my dad bought in the 1940s

Reply to TexasTowelie (Reply #3)

Tue Mar 10, 2020, 12:08 AM

Mar 2020

so you can imagine how far their paper price has gone up. Still, they're only worth what you get for them on the day that you sell them, something dinned into my little head while I was still in diapers.

Not needing to use net worth to leverage debt is a great feeling. It helps me keep a cool head when panicky people are selling stocks and going into a very depressed bond market.

Futures look like the bargain hunters will be out in force tomorrow, over 2% in all 3 markets. I've got some shopping money put by, but I don't think this is quite over yet.

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STOCK MARKET WATCH - Tuesday, 10 March 2020 [View all] Tansy_Gold Mar 2020 OP

I hate that people are losing money in the stock market, TexasTowelie Mar 2020 #1

"have to bear it" I see what you did there. Warpy Mar 2020 #2

Oops, I didn't even realize the additional context in that statement. TexasTowelie Mar 2020 #3

I have stocks my dad bought in the 1940s Warpy Mar 2020 #5

And it figures. Because Cheeto's fortunes have never been more than bubbles. sandensea Mar 2020 #4