One Day at A Time

Fox Sports did a great job with the “virtual” race that they put on today. I forget what the official name was, but it was an eNASCAR / iRacing / Invitational / Exhibition race… that they somehow managed to get on TV with an impressive presentation. Sure, there were more wrecks than in a real race, and a few glitches here and there… but overall, if you were just walking in and out of the living room, only half paying attention, you wouldn’t have even noticed that we were all watching a video game.

A nice little escape for a couple of hours today. Back in reality, Mike DeWine declared that Ohio will have a stay-at-home order starting on Monday. We’re all basically doing that already, but I think this may actually affect folks who were still wanting and trying to work. Only certain jobs are on the approved list, so here’s hoping that the government comes through with unemployment or another form of relief quickly – ‘cuz as if the virus itself doesn’t cause enough anxiety, now people are gonna have to worry about utilities, rent, car payments, food, etc.

The problem is, the way they’ve worded things, the way they’re going to enforce this order… it’s way, way too soft – and the people who want to be out, or just don’t want to be told what to do, they’re gonna find and use all the loopholes. I’d give it a week or two before DeWine gets fed up with the lack of cooperation and puts something stronger in place. But right now, you can still go out to the park, walk around, walk your dog, drive to shop, visit family, go to doctor appointments… I mean, I don’t know what the right amount of “enforcement” would be, so maybe that’s why it’s starting off light.

I didn’t watch Trump’s press briefing today, and I’m probably a whole lot better for it. I’ve seen a couple clips, and have read things that he said or did… and yeah, as many, many people and journalists are starting to say on Twitter – there’s no reason that these things should be carried live, since there is so much misinformation that causes fear and anxiety. So my day was a bit better than I was feeling last night. Honestly, I don’t really know how I feel at the moment… it’s almost like anticipation… not knowing how I should feel until we start seeing things happening closer to home each day.

I’m probably still right on the edge of that same anxiety that I had last night, so after I get off of here I’m gonna seek out Airplane! (the movie) so I can kick back and absorb some stupid, clever, dumb comedy as I hopefully get sleepy. I hope everyone out there made it through the day as uneventfully as I did today.

Unfortunate Opportunity

In the same way that it can be awkward to discuss “after death” financial topics with someone from whom you might be getting an inheritance, talking publicly about investment possibilities that are coming on the back of a stock market that’s plummeting due to fear of a COVID-19 pandemic… it does feel a little bit wrong, but the opportunities of a down market also cannot be ignored. ๐Ÿ˜

The Dow Jones has lost more than 12% of its value over the past seven days of trading. Unfortunately, the cause isn’t solely due to “scary thoughts” around the spread of the virus. ๐Ÿ˜Ÿ With China being ground zero, the precautions that need to be taken and the effects that are already being experienced by the industries and workforce there… it was inevitable that markets around the world would reflect the disruption. ๐Ÿ˜ณ Global economies, global trade, global investing… it’s all great stuff, until it isn’t.

Before COVID-19 was even a thing, I had already started researching different types of investing that my family (historically speaking) never really took advantage of. ๐Ÿค” I’ve tended to use methods that I’ve seen work for my dad and my aunt, and they probably used methods that they saw work for their parents. ๐Ÿง It makes investing feel comfortable, but the returns are usually modest in comparison.

The volatility in the markets isn’t going anywhere, so I’ll have plenty of time to continue reading, learning, and eventually planning… even if “the plan” ends up being that I don’t change much of anything. ๐Ÿคท๐Ÿปโ€โ™‚๏ธ And while loads of people have been cashing out, to “protect” their gains from the past year or longer, the farther the markets fall – the better it is for folks who are only just now wanting to get in. ๐Ÿคจ

I suppose I should mention that I’m not thinking about individual stocks when I’m talking about all of this. I don’t know enough yet to speculate on individual companies and their ability to bounce back. I’m thinking mostly about ETFs with holdings that are properly weighted to match gains / losses of the Dow. ๐Ÿ˜๐Ÿค“

Historically, you’re on pretty solid ground if that’s what you’re invested in… but just as there have been extremely good years, there have been some really bad ones as well. More often than not though, the gains for each year have been remarkably good. (Which doesn’t mean a heck of a lot if you didn’t buy your shares on (and only on) January 1st of each year… heh) Meh… just kinda thinkin’ here… ๐Ÿคท๐Ÿปโ€โ™‚๏ธ๐Ÿ™‚