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People are panic buying toilet paper for crying out loud. Unless you are planning on retiring in the next few years, you should be looking at this as the buyin
by tosser0001 7y ago
People are panic buying toilet paper for crying out loud.
Unless you are planning on retiring in the next few years, you should be looking at this as the buying opportunity of a life time. This is at least the 4th panic sell off I've seen.
- beepboopbeep 7y agoYou first.
- ackbar03 7y agoYour next, I'll follow
- greenshackle2 7y agoThe toilet paper "panic buy" is overblown. People are stocking up extra on necessities, sure, but what's different about toilet paper is how bulky it is. I doubt most stores have large stocks to cover extra demand cause it takes up too much space. Hence it doesn't take very much extra demand to deplete shelves.
- ajross 7y agoMore charitably, a toilet paper run is a pleasing, simple, humorous and yet correct metaphor for general preparedness. People are buying cans too, but that's not as funny.
- greenshackle2 7y agoIt's not as dramatic to show a picture of a shelf of canned goods only half-stocked instead of fully stocked, as opposed to a an empty shelf of toilet paper. That's what I've seen at my local Costco. TP is gone, canned goods are running lower than usual but not actually out of stock.
- sdinsn 7y agoI agree with you, but I don't think this is "panic" selling. People are selling because this is causing a significant disruption to the global economy. Of course, still doesn't change the fact that everyone should be investing fairly normally. A chunk of my next paycheck is still going into the market, just like every other paycheck I've ever received.