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I'd focus on the immediate needs like food and rent and let stocks take care of themselves once things are better. Food and rent are a much more real and presen
by davidw 7y ago
I'd focus on the immediate needs like food and rent and let stocks take care of themselves once things are better. Food and rent are a much more real and present anxiety than stock prices, even if the latter certainly does affect the 'mood'.
- azinman2 7y agoExcept if you’re unemployed, you might have to sell stock to focus on food and rent.
- munk-a 7y agoI'd be concerned for your financial stability if you need to liquidate assets as soon as you might miss out on two weeks' pay. There are a lot of people that will really struggle in the coming weeks or months, but the venn diagram of those folks and people with a significant presence in the stock market is really quite small.
- azinman2 7y agoNot sure where you're getting 2 weeks pay from. Many in the professional class will lose their jobs in a contracting market (there will be losers), and finding a new job will take much more than 2 weeks. In the mean time, there's still rent/mortgage to pay amongst other expenses. Not everyone keeps a lot of cash liquid. There's also a difference between selling some stocks and liquidating your portfolio. It's not all one or the other.
- davidw 7y agoUh, most of those people don't have stocks in the first place.