Leave it alone for now, unless it's more than $250K.
He said it was in a savings account.
Stock Market Watch |OT| I've stocked up on market watches, what now?
- Thread starter Mr.Awesome
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Bank is fine.
The government will gladly bail out the banks. Again.
Invest at the bottom if you want, but money just sitting in a checking/savings account is not at meaningful risk.
I find it hilarious he posted that himself before a massive stock market rout and a pandemic. There will be exams in the history books with this picture and a question of when it happened.As Trump himself posted...
Certainly, so I suppose my big issue is with the guy throwing out specific numbers while he's in a clear position of authority. You or I talking specifics isn't gonna get latched onto by the public so that's not a big deal.
Federal government insures all savings up to $250,000, so it should be fine.
I guess you could double check to make sure the bank you're at is FDIC insured, but I would assume pretty much all of them are.
Deposits up to $250K are insured by the federal government.
It was during the stocks crash and pandemic, it was March 9th iirc. Now if you're talking about before, we can mention Trump advising that the "stock market is looking good" when it was close to recent highs, and Eric Trump advising near the top that people should go all in with their 401K's... after receiving the Congress briefings that caused other R's to dump all their stocks.
Does your bank's website have FDIC somewhere on it (it does)? Then yes.
I guess conservatives probably claim that picture was cooked up by Democrats now, since every time it's posted right now, in light of the pandemic, it really, REALLY doesn't help Trump.
That FDIC $250K is per bank btw, not $250K total.
The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.
The FDIC insures deposits that a person holds in one insured bank separately from any deposits that the person owns in another separately chartered insured bank. For example, if a person has a certificate of deposit at Bank A and has a certificate of deposit at Bank B, the amounts would each be insured separately up to $250,000. Funds deposited in separate branches of the same insured bank are not separately insured.
The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.
The FDIC insures deposits that a person holds in one insured bank separately from any deposits that the person owns in another separately chartered insured bank. For example, if a person has a certificate of deposit at Bank A and has a certificate of deposit at Bank B, the amounts would each be insured separately up to $250,000. Funds deposited in separate branches of the same insured bank are not separately insured.
FUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCKFUCK
Don't worry. Human civilization faces escalating crises and it causes us to rise to meet it. The people in power here, the 1-10%, cannot let their wealth go, and if they don't help the 90% and carry them then they'll lose everything. I firmly think it'll be a good thing in the long term. You know... Besides a huge outbreak :(
Even if it passed, that bounce lasts 1 day.
Trump would sign another graph for Lou Dobbs and then nothing but losses the rest of the week.
Senate bill was bad and wasn't going to calm the markets anyways, this may end up working out for the best in the end.
Be happy. It was a shit bill that didn't help anyone but corporations
Corporations >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> People
This makes sense to me. I've been thinking the wealthy want to keep this system going as long as possible and will fight to make sure it doesn't all collapse. They need lowly workers like me to maintain their lifestyles.
It's not only about the bill itself but also the psychological effect of the US not being able to get something going to help the economy.
I know but the corporate side right now isn't going to matter because they are going to still be in the same position in 6 months. People right now can't make rent or pay their loans. Everyone who is losing their jobs are losing their health coverage.
But then there's a chance people might figure out giving normal people money is actually better than tax breaks for the rich and we can't be having that.
Anybody with a shred of common sense would have their priorities straight here. Sadly, it's been missing for a while and these out-of-touch assholes are only interested in themselves and their special interest friends.
We're fucked.
If we get another trump press conference tomorrow it's gonna drop deep red (like real deep).
Already confirmed that they're going to come out and talk about the experimental drug testing.
They need a future proof bill that is basically just UBI, set for at least 6 months. No means testing. Every person gets at least 1500, add in 500 per child. Oh and immediate medicare/medicaid coverage for the uninsured.
Stocks are going to be in the shitter once unemployment numbers come in and quarterly reports come in anyway unless you are looking to sell on a temporary boost, which will still happen whenever a bill passes before dropping again even worse. $1000-$1200 as a one time payment to people isn't going to do shit for people.
Wait until Thursday this week when the jobless claims come out! That's going to be absolutely devastating, and thats not going to be the worst jobless claims, wait until next months, that is probably going to be even more telling.
OK, guess the money I left invested in my Roth is dead money for the next 5 years
Really, really should've sold on one of the dead cat bounces. 😫
I was curious so I looked it up
This is going to be bad
Also large parts of the economy were propped up by a world ware during then
With infections and deaths exploding, senate unable to find a stimulus and unemployment exploding this could be the worst week on record.
Exactly. They manipulate and grow wealth, but that wealth is valueless without the millions of average joe bloggs working in McDonalds, running small businesses, crunching in factories and logistics jobs. If they want to keep a modicum of what they've got, they need to redistribute some of that wealth and carry the people at the bottom. There is absolutely enough wealth in the world for this.
"save these great companies"
People arn't going to be traveling for at least a year because this is staying around.
People arn't going to be traveling for at least a year because this is staying around.
Yep. The House need to craft a bill that includes all of these points as starting measures and get it voted on ASAP. Put pressure on Republicans and control the messaging.
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