Stockmarket question to the many brain trust on sbr

[pavyracer]

Don't buy stocks yet. Waiti until all the experts and politicians on TV to say this is the time to sell. That's when you want to buy.

[harthebar]

Don't buy stocks yet. Waiti until all the experts and politicians on TV to say this is the time to sell. That's when you want to buy.

Sell sell sell.

[harthebar]

What will the govt. Send the people how much. A check what is there latest plan. When will the agree
You really think 1200. Or 1000 a person i's going to make a difference. They are going to use it to pay there past due utilities. .do you think the govt. Will help with mortgage and utilities. ...just asking

[harthebar]

Any real news on the stimulas

[Roger T. Bannon]

The plan right now is $1,200 with only $600 with people that did not make enough to pay taxes which is stupid but par for the course. Another check later and they hope it is over then. But reading that the govt cannot get checks out for two months which will be a major issue.

Big fight going on right now on the bailout. Rs tried unsuccessfully to ram through huge payouts with no strings attached. Dems are balking for strings. Dems now coming up with their own plan.

Basic plan is for Trump to be able to give out most of the money without anyone knowing who it is going to get it and will only have to report in 6 months once the crimes have been committed.

[harthebar]

How will they determine who gets it. I had to put an extension on my 2018 tax return due to a flood in the house. But I'm sure they have my w2.
My guy is getting it done this week finally had the paperwork

[harthebar]

The plan right now is $1,200 with only $600 with people that did not make enough to pay taxes which is stupid but par for the course. Another check later and they hope it is over then. But reading that the govt cannot get checks out for two months which will be a major issue.

Big fight going on right now on the bailout. Rs tried unsuccessfully to ram through huge payouts with no strings attached. Dems are balking for strings. Dems now coming up with their own plan.

Basic plan is for Trump to be able to give out most of the money without anyone knowing who it is going to get it and will only have to report in 6 months once the crimes have been committed.

How will they determine who gets it. I had to put an extension on my 2018 tax return due to a flood in the house. But I'm sure they have my w2.
My guy is getting it done this week finally had the paperwork

[Roger T. Bannon]

How will they determine who gets it. I had to put an extension on my 2018 tax return due to a flood in the house. But I'm sure they have my w2.
My guy is getting it done this week finally had the paperwork

There is an income limit. If you make six figures, you don't get one.

[harthebar]

There is an income limit. If you make six figures, you don't get one.

Ok got that part. But if you have an extension from 2018 how will they k ow your income. Pay checks. I hear rumors they go by your 2018. And a lot of people didnt even file 2019. I'm sure they hit a button and know your income ...like the unemployment agency
Thanks for all your input

[harthebar]

I don't think this deal will be done in next few days. They have a lot of issues it seems.

[homie1975]

IRS database has your tax docs 2018 even if you haven't filed yet

[harthebar]

IRS database has your tax docs 2018 even if you haven't filed yet

So if they do give out the checks. Based on 2018. They will see that even if I didnt de


Thanks

[Roger T. Bannon]

Ok got that part. But if you have an extension from 2018 how will they k ow your income. Pay checks. I hear rumors they go by your 2018. And a lot of people didnt even file 2019. I'm sure they hit a button and know your income ...like the unemployment agency
Thanks for all your input

My guess is that you will get a check if your income was under the cap and then you have to pay it back if you were not supposed to get one.

[d2bets]

My guess is that you will get a check if your income was under the cap and then you have to pay it back if you were not supposed to get one.

Oh man, that's a really bad idea.

[d2bets]

Here's a simple idea for start. How about rebating back all fica paid this year to date? That should be simple, easy to implement and progressive. Or maybe for Jan and Feb.

So if you made 3,000/mo gross, you'd have paid in almost 400 bucks. Send it back immediately. Or maybe double it.

[Roger T. Bannon]

Oh man, that's a really bad idea.

No, anybody that need a check gets one. Anybody that isn't supposed to get one can easily pay it back. If they were supposed to get one and didn't, they didn't really need it anyway most likely and can get one later.

[Roger T. Bannon]

Here's a simple idea for start. How about rebating back all fica paid this year to date? That should be simple, easy to implement and progressive.

FICA gives more money to wealthy people. They want to just send people the money they need.

[d2bets]

No, anybody that need a check gets one. Anybody that isn't supposed to get one can easily pay it back. If they were supposed to get one and didn't, they didn't really need it anyway most likely and can get one later.

Umm, not really. Even if they are over the income they may have just lost their job entirely. And then they get it and spend it and can't afford to pay it back. Much better to get it right from the start.

[d2bets]

FICA gives more money to wealthy people. They want to just send people the money they need.

Not really because there is an income cap. No FICA paid above $130k or so. Or just rebate it back with a lower cap. I just think it would be incredibly easy and accurate to do.

[Roger T. Bannon]

Not really because there is an income cap. No FICA paid above $130k or so. Or just rebate it back with a lower cap. I just think it would be incredibly easy and accurate to do.

It gives a person makes more more money. They want to just send out checks of equal amounts. That is the easy thing to do. They have the names and addresses and they just send out a check.

[harthebar]

So when you all think they will get there act together. And come up with a plan and send them

I'm still working. But I got plenty of friends that work u. Casino. I'm in jersey

[Roger T. Bannon]

So when you all think they will get there act together. And come up with a plan and send them

I'm still working. But I got plenty of friends that work u. Casino. I'm in jersey

ASAP. But I have read that the govt cannot get checks out for two months.

[harthebar]

Nice write up understanding more and more

[harthebar]

ASAP. But I have read that the govt cannot get checks out for two months.

Asap
On checks being put out

[harthebar]

Question for the brain trust. Do you think the stimulus plan will call for a few months of mortgage forgiveness. Like put it in the back of loan or anyway possible. I also heard they got to halt any foreclosures for two months just rumors. What you think k. And work on checks also. How will it work. My neighbor and about 3 or 4 other people who are out of work have zero income. And they said the first thing they aren't paying is the mortgage. And I wonder about utilities with late or no payments. Please respond guys

[harthebar]

Need a check in.

[harthebar]

Any one. Anyone.

[Easy-Rider 66]

not up to speed on all that Hart. maybe google it. horses news yeah. financial stuff no. lol.

[homie1975]

Google is your friend.

Magic Google machine

Most of us here who actually know stuff are simply too busy working and trolling the market

[harthebar]

I do Google it every day. Trying to teach myself. But it's all. This or that. Type of stuff. Beyond my pay grade

[HockeyRocks]

Question for the brain trust. Do you think the stimulus plan will call for a few months of mortgage forgiveness. Like put it in the back of loan or anyway possible. I also heard they got to halt any foreclosures for two months just rumors. What you think k. And work on checks also. How will it work. My neighbor and about 3 or 4 other people who are out of work have zero income. And they said the first thing they aren't paying is the mortgage. And I wonder about utilities with late or no payments. Please respond guys

I wouldn't just not pay your mortgage without contacting your mortgage company and asking them, will they suspend payments for 3-4 months without them reporting to the credit bureaus.

[Mac4Lyfe]

Question I'm far from a stock market guy
No just about nothing
Luckily I have a pension plan so I don't invest in the 401k
And a these other retire ment funds
Just about all my friends are in the casino industry
Or private sector
I'm a public servant
So I'm just curious if a person had 200000 g
Or a 100000g invested in there retirement funds. And I k ow it varies. But just by making a guess how bad is this hurting them . If a person was going to retire this month would they have to reconsider
How much would a 200000g be worth now that based on. Them having it the 2g on Jan 1
Trying to get a idea about all this. Do you all expect it to keep going down
Thanks guys

I lost $130k from my 401k in one day last week.

and that is after I pulled a lot of stocks to cash. Unreal.


But I've had big days over the years as well. That's the volatile nature of stocks. Your best friend is time. Invest over time and you should do well. As was said in this thread, why rely only on a pension? If you believe in retiring with a pension only or social security only, you must also believe in the Easter Bunny. Diversify. Save, save, save.

[homie1975]

I wouldn't just not pay your mortgage without contacting your mortgage company and asking them, will they suspend payments for 3-4 months without them reporting to the credit bureaus.

back in 08 it would take the banks mos to get someone out of their home after they stopped paying their mortgages.

however, the electric and gas and water companies will cut you off real quick, No?

if your credit is going to get fukked anyway and you are heading for BK, just stop paying the mortgage first, No?

[Mac4Lyfe]

back in 08 it would take the banks mos to get someone out of their home after they stopped paying their mortgages.
however, the electric and gas and water companies will cut you off real quick, No?
if your credit is going to get fukked anyway and you are heading for BK, just stop paying the mortgage first, No?

I'd rather pay the mortgage and not get evicted, versus paying the electric. At least I'd have a place to stay. But that's just me.

It is always best to call the companies and try to work out a plan. At least let them know you're not able to pay. I've heard several mortgage companies will not foreclose on properties for the next few months. Some have even said to not charge interest, which is great. Here in Houston, the mayor mandated that utilities not cut off anyone's water, electric (not sure about gas) right now.

[JIBBBY]

ASAP. But I have read that the govt cannot get checks out for two months.

Late April or Early May.. https://www.cnn.com/2020/03/25/polit...rus/index.html