Coronavirus and your Portfolio

[HK_Katherine]

I also only invested a small amount in Carnival because of exactly that - risk. Maybe it was even closer to a gamble than investing.

Yes my small toe in the water of Carnival (which I'd actually forgotten about until this thread reactivated and I took a look yesterday!) was just to roll the dice on a bit of a dead cat bounce. But it was just a small toe in the water hardly seems worth exiting the position - I doubt I could buy a decent dinner for one on the profits LOL

[huja]

https://www.nytimes.com/2020/06/14/b...iSBOUsv-z-EBgA

[huja]

“It’s not a broad-based recovery, but because the indices are dominated by a handful of companies, it has an amplified effect,” said Michael Eckton, CEO and managing partner at Crestwood Advisors.

https://www.nbcnews.com/business/bus...ld-be-n1236079

[GentleGeorge]

God bless corporate America

[aquaman]

God bless corporate America

Bless the people who bought it all back

[shri]

Dividend and value investors still feeling the pain.

MAGA investors have done very well.

[huja]

Some turbulence to end the week.

[huja]

Not part of my portfolio but an indication of how widespread the economic effects of coronavirus outbreak could be when even beer sales are being effected. (FWIW, my alcohol consumption has gone up over the last few weeks.)

However, it appears that the outbreak of a virus is not the only thing damaging Carlsberg's revenues:

"The company is especially exposed to a slowdown in Asia, where a new drunk-driving law in Vietnam is also weighing on sales."

https://www.businesstimes.com.sg/con...urb-beer-sales

I have a friend who works for a premium spirits distillery . . . he says while alcohol sales have been up in aggregate, the class of booze has shifted. People are spending on quantity rather than quality. Some of that has to do with drinking shifting from restaurants/bars to the home.

[huja]

Dividend and value investors still feeling the pain.

MAGA investors have done very well.

Yeah. It's growth, growth, growth. Very little middle ground for making your money work with interest rates under the bootheel of the Fed. Hat a chat with my money guy yesterday. They're pretty bullish. Had a chat with the smartest guy I know with regards to money and he's gung ho large cap for medium-long term.