Coronavirus financial advice

Page 5 of I know some of you are very smart with money and I would like to hear your opinions on this. In short, if something isn't needed to survive you probabl... 80 comments | 4439 Views | Go to page 1 →

  1. #61

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    Quote Originally Posted by John Anthony View Post
    Many millionaires are made during stock crashes. Buying the dip is always the advice you hear. Back to back green closes would be nice.

    Once it crosses 21k we should start paying attention and see where it goes from there. Still a lot of uncertainty.
    Steady so far today. I'm not even looking for big gains, which likely would lead to some cashing out, and causing further drops. Slow and steady for the next few weeks would be real nice.
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  2. #62
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    Quote Originally Posted by John Anthony View Post
    Many millionaires are made during stock crashes. Buying the dip is always the advice you hear. Back to back green closes would be nice.

    Once it crosses 21k we should start paying attention and see where it goes from there. Still a lot of uncertainty.
    I feel like once it crosses the 21-21k mark there will be a minor correction that brings it back down to around where it is today. Then it's likely off to the races for a while.

  3. #63

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    Regarding 2019 federal tax returns , is it true that we don't have to file or pay until some date after April 15? If so, what date? Is that also true for the first quarterly installment of 2020 federal estimated taxes? What about Kentucky returns? Thanks for any replies.

  4. #64
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    Quote Originally Posted by tcjkbt View Post
    Regarding 2019 federal tax returns , is it true that we don't have to file or pay until some date after April 15? If so, what date?
    July 15.

  5. #65
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    Quote Originally Posted by Randy Parker View Post
    July 15.
    Correct. Does that also apply to KY?

  6. #66
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    Quote Originally Posted by JDEaston View Post
    I feel like once it crosses the 21-21k mark there will be a minor correction that brings it back down to around where it is today. Then it's likely off to the races for a while.
    More red, looking at a 3% loss if it holds today.

  7. #67

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    Quote Originally Posted by mcpapa View Post
    Correct. Does that also apply to KY?
    From what I've seen, the move only applies to Federal. It's up to the states if they want to move their deadline or not, and The Kentucky Department of Revenue site still has a April 15th deadline showing. I would have to think they'd stay in step with the Federal deadline.

  8. #68

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    Quote Originally Posted by John Anthony View Post
    More red, looking at a 3% loss if it holds today.
    Yep...started to slide the last couple hours. Could be partially tied to the drop in oil, which went down another 10%. Oil will keep sliding since demand will continue to dive as people continue to stay home. Looks like this will be the worst week in over a decade.

  9. #69
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    Quote Originally Posted by tcjkbt View Post
    Regarding 2019 federal tax returns , is it true that we don't have to file or pay until some date after April 15? If so, what date? Is that also true for the first quarterly installment of 2020 federal estimated taxes? What about Kentucky returns? Thanks for any replies.
    Did that just change today? As of two days ago, you still had to file your return by April 15. However, if you owed, your payment due date isn't until July.

  10. #70
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    All these market fluctuations... Never has my little 1.6% APR online savings account been such a wonderful friend.

  11. #71

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    Quote Originally Posted by Getslow View Post
    Did that just change today? As of two days ago, you still had to file your return by April 15. However, if you owed, your payment due date isn't until July.
    Changed in the last 24 hours. Originally it was just the payment that was delayed. They've now delayed filing.

    IRS extends tax deadline to July 15 from April 15

  12. #72
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    As Warren Buffet said about the 2008 crash, he didn’t lose a dime because he didn’t sell anything.

  13. #73
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    Quote Originally Posted by GrantNKY View Post
    As Warren Buffet said about the 2008 crash, he didn’t lose a dime because he didn’t sell anything.
    That’s true, but he certainly has a much larger pot of money to risk. That said I wouldn’t touch any retirement accounts.

  14. #74

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    Quote Originally Posted by John Anthony View Post
    That’s true, but he certainly has a much larger pot of money to risk. That said I wouldn’t touch any retirement accounts.
    I'm not even looking at mine. Won't help any.

  15. #75
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    Quote Originally Posted by rjs4470 View Post
    Yep...started to slide the last couple hours. Could be partially tied to the drop in oil, which went down another 10%. Oil will keep sliding since demand will continue to dive as people continue to stay home. Looks like this will be the worst week in over a decade.
    My job requires me to travel across the western part of the state. I haven't seen any evidence that people are staying home. Traffic seems to be business as usual.

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