WWE stock down to $34.46

trick

trick

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mannyrs13 said:
On February 19th I was discussing with my friend about 401k and IRA. He had a target date fund and was barely making any returns on his investment. I was showing him how I had 33k in start of 2019 and at that point in time I had over 50k and he was amazed that I was able to accumulate so much money and only putting like $100 a month in there. I told him I was an expert and thats cuz I was investing in all the high risk and profitable stocks. I told him I would take a look at his account and see what funds were good that weekend when I went over. I never got the chance or came around to looking into his account that weekend. Forgot what was going on then. Maybe the boxing fight or a wrestling event? Anyways I didn't check his account on Saturday or Sunday, then Monday came along and the rest is history. That 50k? Its not even at 38k. :francis: Maybe getting this virus won't be the worst thing to happen. :mjcry:
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The money will be back eventually cause we're long term investors...



Most important point I got from this article:

For people who hope to sit out the current economic crisis until their investments recover, the question remains: How long can you wait?

Birenbaum said that during the 2008 financial crisis, investors who sat on the sidelines waited about four years to recoup their losses. But she said they fared much better than people who panicked and sold their stocks at low prices during the downturn.

"The people that sold, they've probably still not recovered, quite frankly," said Birenbaum, of the Toronto firm Caring for Clients.

Doug Porter, chief economist at Bank of Montreal, agrees that now isn't the time to start dumping stocks — as long as you don't immediately need the cash.

"It really doesn't make sense at this point to be an aggressive seller if you have a longer-term time frame."
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Might not be so great for our parents portfolios though...but I'm guessing most of our parents are investing in safe ETFs/mutual funds and aren't investing in anything high risk
 
Jmare007

Jmare007

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Buzzed Lightyear said:
Looks like Wrestlemania is still on.

WWE remains committed to holding WrestleMania

Amid cancellations and delays announced by most major sports leagues, WWE is holding firm on WrestleMania. At least for now.


In a statement Thursday, WWE said it would "remain committed" to holding WrestleMania 36 on April 5 at Raymond James Stadium in Tampa, Florida, despite the coronavirus outbreak that is affecting sporting events worldwide. WWE added that it is taking precautions in case government officials cancel the huge event.

"While we remain committed to hosting WrestleMania at Raymond James Stadium on Sunday, April 5, we are putting contingency plans in place in the event that it is cancelled by government officials, civil authorities and/or local venues," the statement read. "The health and safety of our fans, performers and employees are our top priorities and we are monitoring the situation closely with our partners and government officials in Tampa Bay."

Florida Gov. Ron DeSantis said Thursday that cities and counties should postpone or cancel any mass gatherings through the next 30 days in an attempt to limit the spread of the virus. If an event is not canceled, organizers should have screening measures in place to prevent those infected from entering, DeSantis said.

The NBA, NHL, NCAA and MLS have all canceled games over the past two days. Major League Baseball is delaying its season.

WrestleMania, the biggest pro-wrestling event of the year, was expected to draw more than 70,000 fans this year. In 2019, WrestleMania 35 in New Jersey had 82,265 in attendance.

WWE did announce a coronavirus-affected move Thursday. The promotion's SmackDown television show scheduled for Friday night in Detroit will be moved to WWE's training facility in Orlando, Florida, per a statement. There will be "only essential personnel in attendance," the statement read.
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It's gonna get postponed breh, it's not a matter of "if" but "when" :manny:
 
mannyrs13

mannyrs13

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trick said:
The money will be back eventually cause we're long term investors...



Most important point I got from this article:



Might not be so great for our parents portfolios though...but I'm guessing most of our parents are investing in safe ETFs/mutual funds and aren't investing in anything high risk
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True that. I was hoping to use some of the money to buy a place later in the summer but I'm ok with letting the money sit and using my savings while raising money thru other means.
 
Brehcepticon

Brehcepticon

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Reality Check said:
Gonna get a lot worse once Mania is officially cancelled before it spikes up.
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3.16 a share :troll:

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