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The Bar For non Automotive Related Chat |
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#1 | ||
Desert dweller
Join Date: May 2015
Location: Far North SA
Posts: 95
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I don't know about any others here, but i have been checking my super, so far it has not fallen, i'm in hospitality industry fund, seems to be very stable so far....
I see airfares have been slashed too... happy days, hopefully the gov drops the price of beer too ![]()
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2010 MY11 FG GT 335 MANUAL BUILD 0178 NITRO BLUE |
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#2 | ||
Once PHASED.
Join Date: Aug 2005
Location: Townsville
Posts: 972
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AU. Good luck with your Super, Mate. I live in Townsville. Just got back from shopping. There is no Toilet paper or tissues at all on the shelves. People are panic buying anything they think will not be available in the near future. I spoke to the lady on the checkout, she said she has never seen this panic buying before. If the Government doesn't get a grip on this we will see things get worse. The share market is undergoing a massive sellout of just about all sectors of the market. All we can do is ride this Virus out in a civilised manner not carrying on like a bunch of Pork chops. JMO.
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2006 BF XR8 Bionic. |
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#3 | ||
FF.Com.Au Hardcore
Join Date: Jul 2009
Location: melbourne
Posts: 4,649
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Current market panic feels overblown. This is a short-term shock.
Asian countries show social distancing (assisted by seasonality in CVs) works. Headlines will worsen as mass testing begins. Take it seriously for yourself. Don’t panic trade. |
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#4 | ||
FF.Com.Au Hardcore
Join Date: Sep 2018
Posts: 546
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The next 2 months going to get bad in Australia as we hit winter flu season.
Australia will have to go into some sort of lockdown at the end of the month so the hospital are not flooded with the sick. We can't stop nearly most people getting the virus as no vaccine for at least a year only delay it. Going to be a tough time for the doctors and nurses. |
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#5 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,047
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My super already fell $16k, that bakes in losses up to 11th March, dont know yet the situation including yesterday's (when my investment mix change was due to take effect).
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#6 | ||
Banned
Join Date: Jun 2010
Posts: 2,811
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I am down thousands in my accumulation accounts...
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#7 | ||
Fossil fuel consumer
![]() Join Date: Jul 2005
Location: Mod For: Pub, Bar, Sales Yard, Show 'N Shine, Photoshop, AU to BF, FG to FGX, Territory & Sports Bar
Posts: 17,038
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I keep a very keen eye on these things. And these things are going to get very much worse - anyone thinking otherwise is not paying attention. Stocks and shares are based on panic at their very core, on public perception and social media information in recent years. The ASX has lost over 500 billion in recent trade and is still going down. The NYSE has had it's worst trade since 1987. People are going underground and the effects will be far reaching. Companies were already going bust late last year and early this year before this virus became a real thing. You will see a lot more companies filing insolvency, shutting doors in the coming weeks and months. Travel agents, cruise liners, airlines, airports potentially, deficits will became gigantic and this is just the beginning. We may see banks and financial institutions go down. It doesn't take much. We were planning an investment property but there's no chance now in the current climate.
Feel free to come back and quote this post in six months! |
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#8 | ||
Man from Ironbark
Join Date: Sep 2005
Location: north Qld
Posts: 161
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your on tha ball . kudo's . recession imminent ? ..bloody glad i bought me
sic] fishing house in tha boonies .. neat joint .. no mortgage , only property . , no payments on [Sic] second etc property .. ![]() not greedy .. pay me rates ,, bob.s ya uncle ,, sweet.. ![]() i feel for someone , that wants ta have ta aussie dream so ta speak . especially families ,, geez . what can i say .. no smilies for this ... Last edited by Hippy; 13-03-2020 at 03:40 PM. |
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#9 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,047
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#10 | ||
Moderator
![]() Join Date: Jan 2014
Location: Melbourne
Posts: 7,940
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I saw the 2020
At my age and a few years away from retirement, I'd rather see my portfolio not grow as long as I don't lose my invested capital. I learnt my lesson during the last Australian recession of 1990, when I had most of my super invested in shares. I lost most of my super and it has taken me the last 30 years to build it back up again.... I'm too old to start over again and wait for it to bounce back again in the usual economic 7 year cycles, so once bitten twice shy as they say. Folks... Things are going to get ugly and very very quickly. Had some bad news today... My youngest daughter is a store manager at a Flight Centre branch. Just heard on the news the shock announcement that Fight Centre is permanently closing 100 stores, and her store is affected with the travel downturn at the moment. Its time for everyone to seriously look at their super and financial situation. |
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#11 | ||
Guest
Join Date: Aug 2018
Posts: 1,892
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Today's Panic has created some really Cheap (In my Mind) Buying opportunities..
Being trying all day to login into My Nabtrade account & place some Buy orders BUT the System has Crashed.. The cynic in me thinks that NAB shut it down to stop all the panic selling.. We live in interesting Times.. |
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#12 | ||
Al
Join Date: Feb 2015
Location: South Aus.
Posts: 1,708
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Keen to see how the silver spot price, goes from here!
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#13 | ||
Man from Ironbark
Join Date: Sep 2005
Location: north Qld
Posts: 161
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#14 | ||
FF.Com.Au Hardcore
Join Date: Dec 2014
Location: St Marys Tasmania
Posts: 3,556
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BLOODY CHINA.....They're wrecking everything around the world (even for them I guess) from their stupid virus without buying us out or going to war..
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#15 | |||
WT GT
![]() Join Date: Jan 2006
Location: The GSS
Posts: 17,759
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Quote:
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#16 | ||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Sydney Easter show cancelled. Hundreds of stores closed this week. Thousands by the end of the month??
Flu shot not available till late March, or late April depending on your supplier. Tens of thousands of staff laid off, that $750 will get them through less than a week. Mortgages set to default, property prices dive due to mass sales of defaulted property. Super hammered, any gains made in the last year's lost in the last weeks. More people for the government to support with money they don't have. I think they need to defer all mortgage repayments for the next 3 months. If the loan is medium to long term it won't make an iota of difference now but it will give people some breathing space and allow money to be spent elsewhere. If this doesn't make the world see what China is capable of nothing else will. They need to remove the corrupt, secretive communist government that caused this and put in a democratic alternative. While they are at it get bloody HK and Taiwan out of their hands. Sent from my LG-M700 using Tapatalk
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___________________________ I've been around the world a couple of times or maybe more....... |
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#17 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,047
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#18 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Quote:
When this is all over who will be the biggest winners and losers? China always wanted world dominance, is this the genesis of something greater?? Sent from my LG-M700 using Tapatalk
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___________________________ I've been around the world a couple of times or maybe more....... |
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#19 | ||
AWD Assassin
Join Date: Dec 2004
Posts: 8,170
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The key here is trying to decipher which ones will rebound and which ones won’t.
A lot of businesses will not recover as they live and die quarter by quarter.
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Old RIDE 2006 BFGT Gone but not forgotten New RIDE 2018 AMG Mercedes A45 Angry AWD assassin
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#20 | ||
🚫⏰4️⃣🐃💩
Join Date: Sep 2012
Posts: 1,901
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I read a post the other day by an American woman who is living in Italy with her husband and kids. It paints a very ugly picture. She is begging everyone to take this serious as it is not just the elderly who are dying.
https://www.facebook.com/cristina.hi...57623212885189 |
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#21 | |||
Former BTIKD
![]() Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
Posts: 53,197
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Quote:
That was a joke........I think.
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Dying at your job is natures way of saying that you're in the wrong line of work.
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#22 | ||
🚫⏰4️⃣🐃💩
Join Date: Sep 2012
Posts: 1,901
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Cannot find a straight answer to this question anywhere, so what better place to ask than a car forum.
If you get infected with COVID-19, and recover, can you get infected again? Say, for example, like chicken pox, once you've had it, you can't get infected again? |
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#23 | |||
RPO 77
Join Date: Feb 2006
Posts: 1,912
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Quote:
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Q: If you have tried to sell it three times now and it is still not sold, do you think it might be over-priced? A: It is over priced - just like all the other falcon coupes for sale!! ![]() ![]() |
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#24 | |||
Former BTIKD
![]() Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
Posts: 53,197
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Quote:
"Ms Honey's symptoms eventually disappeared and she returned a negative result, but she recently tested positive again. That is consistent with reports from China and Japan of patients being discharged and then testing positive for the second time. This could mean the virus is biphasic, where the virus lurks around undetected before recurring." https://www.abc.net.au/news/2020-03-...virus/12026902
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Dying at your job is natures way of saying that you're in the wrong line of work.
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#25 | |||
Moderator
![]() Join Date: Jan 2014
Location: Melbourne
Posts: 7,940
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Quote:
When he later died of Coronavirus, he said very wisely on his death bed... "A nation cannot have just one voice" |
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#26 | ||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Well, now the blame game and slinging match has started on a global scale.
Apparently China is now saying there is no proof that it started there. https://www.msn.com/en-au/news/world...cid=spartanntp I dread going to sleep because I don't want to hear what the radio will say on the news tomorrow.... Several very public figures have now been diagnosed with Coronavirus. I work in the middle of the CBD and have to deal with hundreds of people each shift. When will I be next? Tomorrow? Next week?
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___________________________ I've been around the world a couple of times or maybe more....... |
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#27 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Quote:
I have been a close watcher of how this has unfolded and referenced him in the other thread about Hyundai shutting down.
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___________________________ I've been around the world a couple of times or maybe more....... |
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#28 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,047
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#29 | ||
Donating Member
![]() Join Date: Mar 2007
Location: Heading thru Hell (Corner)
Posts: 8,190
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Telstra have now ordered all of their office staff to work from home as of Monday. That equates to 20,000 employees.
Apparently Australia's biggest ever virtual office experiment. https://www.afr.com/politics/federal...0200313-p549yi
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Labels are for jars, not for people. Life is a journey, not a destination. ~~~~~~~~~~~~~~ Daily: 2013 FGII EcoLPi in Winter White Play: 2015 FG X XR8 in Emperor Show' N Shine thread Gone, but not forgotten: 2015 SZII petrol Titanium Territory in Emperor |
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#30 | |||
🚫⏰4️⃣🐃💩
Join Date: Sep 2012
Posts: 1,901
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Quote:
"I feel fine. I've had no fevers, no coughs, no nasal problems, no aches, no pains. Nothing," he said. It is no surprise to professor of global biosecurity at the University of New South Wales Raina MacIntyre who said asymptomatic transmission was making COVID-19 hard to control. "This is the major difference with SARS," she said. "SARS was only infectious when people had symptoms, so you could identify someone who was infectious because they had symptoms." WT?? All information out on this is telling people to watch for symptoms (fever, cough, runny nose, etc), but here we have someone who was infected but had NONE of the symptoms whatsoever, and wasn't aware?? |
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