All things STOCKS

#1,638
#1,638
ninerplaya57 said:
There are no points or penalties for paying the mortgage off early. He just owes about $100,000 and the rate is 3.25%.
The whole reason he asked me is he has a financial guy that has been trying to steer him into an annuity with the money and he doesn’t want to do an annuity. Then his financial guy tried talking him into a life insurance policy and he said he thinks he might rather put it in stocks. He said he likes his financial guy but even though it’s supposed to be a fiduciary relationship he worries that the guy is looking out for himself as well because he gets 2% on the annuity and 1% on the life insurance policy he said if he puts it in stocks he pays less or if he pays off his mortgage it’s one less thing he has to worry about. I told him I couldn’t help him because I’m not a financial adviser. Maybe he should talk to another one too to see what he/she would say.
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That is sad. I suspect his concerns about his financial guy are correct.
 
#1,640
#1,640
Volbucky said:
MA has always been nice to me, SPY, AAPL and MSFT as well. Wish this thread was more active. Could be a great asset
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There are lots of high quality blue chip powerhouses that are trading at very attractive prices right now. Some of the yields are crazy and it’s likely that most of the dividend aristocrat types won’t see dividend cuts, imo.
 
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#1,648
#1,648
I found this Axios summary to be a helpful summary of the final contents of the stimulus bill, timing, and path forward in the House:
Here's what is expected to be in the final bill, though specifics are subject to change because its final text has yet to be distributed:
  • Direct payments: The bill would distribute up to $1,200 to Americans in the form of a one-time direct deposit, $2,400 for couples, and $3,000 for family of four. The payments will be phased out based on income levels.
  • Small businesses will get $367 billion to keep making payroll while workers have to stay home. "Companies with 500 or fewer employees could tap up to $10 million each in forgivable small business loans to keep paychecks flowing," the AP notes.
  • Federally guaranteed loans will provide eight weeks of assistance for qualifying employers who maintain payroll. Those who meet requirements would have costs such as utilities, mortgage interest and rent forgiven.
  • Unemployment benefits: $600 per week would be added to normal state benefits for up to four months with an extra 13 weeks of benefits — adding up to 39 weeks of regular unemployment insurance "through the end of 2020." The coverage would be effective Jan. 27. The deal extends to gig economy workers, Axios' Kia Kokalitcheva notes.
  • Health care and social services: $242 billion would be set aside "in additional emergency appropriations to fight the virus and shore up for safety net programs," per the AP. It'll fund public health providers including hospitals, the CDC, child nutrition programs, food stamps and transportation agencies.
  • Industry: The final number for big businesses like airlines is still up in the air, but Republicans are seeking $500 billion in loans. Provisions against potential employer abuses are also still subject to negotiations.
  • Payroll taxes: The measure enables individuals to defer payment of their 2020 payroll taxes until 2021 and 2022.
  • States and local governments will get $150 billion, with $8 billion set aside for tribal governments.
The timing: A Senate vote on the bill is expected later today.
  • House Speaker Nancy Pelosi said she wants to pass the measure in the House via unanimous consent. If there's no opposition to the deal, the bill will fly through the chamber — potentially as soon as today, though a vote Thursday is more likely.
  • However, if just one member objects, the House could be forced to return from recess to vote on the legislation in person.
 
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#1,650
#1,650
Big Gucci Sosa said:
How so?
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This crash will change the way the game is played. People lost 10 years of gains in a week. This isn’t the old days of calling the floor to buy shares, they can be bought and sold with one hand and a cell phone. I’ll never buy and plan to hold long. Too much money to be made elsewhere.
 
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