Feeling ok with where I am, I did ROTH conversions and I sold a bunch individual stock,but then bought a bunch, like Tesla sub-$400. I also sold some Wellington near the bottom and bought VTI which I just converted back to Wellington. Some winners, some losers but all in all, I'm comfortable with what I did. I
We had to go into more cash as my BF is on a contract and we found out contracts can only last 2 years and then have to be converted, but there is very little chance his company is going to be hiring full time employees come Nov as hiring is completely frozen now.
My only thought is that you were giving poorer Americans $600 extra a week and they were spending it like gangbusters, you take that away and its just plain and simple going to hurt in the 3rd quarter. This next stimulus is more likely to be saved vs spent as people realize this is it. Alley claimed 35% of their respondents expect to lose their jobs in the next 4 weeks, thats crazy high. I expect the 4th quarter to be tough.
We had to go into more cash as my BF is on a contract and we found out contracts can only last 2 years and then have to be converted, but there is very little chance his company is going to be hiring full time employees come Nov as hiring is completely frozen now.
My only thought is that you were giving poorer Americans $600 extra a week and they were spending it like gangbusters, you take that away and its just plain and simple going to hurt in the 3rd quarter. This next stimulus is more likely to be saved vs spent as people realize this is it. Alley claimed 35% of their respondents expect to lose their jobs in the next 4 weeks, thats crazy high. I expect the 4th quarter to be tough.