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OfflinePumpJackTeX
livin life
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Registered: 05/26/08
Posts: 3,951
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Last seen: 11 months, 16 days
Re: It's the end of the world! Everybody panic! Every man for himself! [Re: Ahab McBathsalts]
    #26538015 - 03/16/20 07:18 AM (3 years, 10 months ago)

Pull it out.

The stock market is crashing.

Put it back in 6 month from now.


You will avoid losing 25%-60% of value in stocks.

Just dont spend it.

We can all agree stocks are not going up in 6 months.


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Life. 2008

Ascension Energy | UFOs | 2021


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Offlinepacmanbreed
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Registered: 10/12/16
Posts: 3,692
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Re: It's the end of the world! Everybody panic! Every man for himself! [Re: Ahab McBathsalts]
    #26538165 - 03/16/20 08:56 AM (3 years, 10 months ago)

Quote:

Ahab McBathsalts said:
The Fed cut bank reserve ratios to zero. Get all your cash out of the banks. It is hitting the fan big time. There is going to be a run on the banks.




Ive given up my saving and credit cards for 2+ years now, One well known bank from our country goes insolvent 3.5 years ago, ive witness the chaotic results to its depositors. One of em is our company's customer when I was still active.


Edited by pacmanbreed (03/16/20 09:39 AM)


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Invisibletrees
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Registered: 02/08/09
Posts: 9,202
Re: It's the end of the world! Everybody panic! Every man for himself! [Re: Ahab McBathsalts]
    #26538192 - 03/16/20 09:10 AM (3 years, 10 months ago)

Quote:

Ahab McBathsalts said:
Quote:

The Influence said:
Im withdrawing my simple ira account tomorrow. Have lost 11% of my retirement the last i checked. Does the fdic cover losses from incidents like this? We have a little nest egg saved up and i sure as fuck dont want to lose it.




If it's in a stock or mutual fund, no.


Like the market is only going to drop another 25% or so. I wouldn't pull that shit out if you got another decade at least until retirement. But like a savings or chequing account, pull some shit out.




Share with us your insider info. You truly believe we should empty our bank accounts, wtf? Youre a troll master why should we believe this, just provide the same reading you read from.

My bank is FDIC insured, they insure my money up to 250k so why would I still pull out funds in paper form?

I'm imagining a near future where even straight cash benjis will be worth nothing and people will use those $100 bills as fire tinder to keep warm in the boonies


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Edited by trees (03/16/20 09:24 AM)


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