Scholarship table
If you think about it, Amazon is in almost perfect shape to benefit from this.People aren't going out to shop -- hello, Amazon!People aren't going to the movies, sporting events or other entertainment venues -- hello, Amazon Prime TV!Plus, there's the highly profitable AWS for corporate clients and other services.I don't own AMZN. I'm mostly a dividend investor, and the shares have always seemed too pricey. But EPS growth is estimated at 22%, 40% and 37% the next three fiscal years, and that's pretty darn attractive. Might even be an understatement.Hmmm.
I bought AMZN, AMGN, DLR, and a touch of SPY on the 12th. AMZN has held up OK (down about 5%) while AMGN and DLR are up. SPY, not so much.AMZN, DLR, and BABA on my list for tomorrow, possibly small adds to GOOGL and CSCO.I have a plan that I am trying to have the fortitude to stick to. In two years we can revisit whether is was brilliant, idiotic, or somewhere in between.
Important to have a plan and work it, TS. I wish you good fortune.
Payroll tax cuts?https://twitter.com/paulkrugman/status/1239922886388985857?s=19https://twitter.com/PeteThePlanner/status/1239926393015799808?s=19IMO - this is a convenient step towards defunding SS/Medicare long-term. And, even if it's not, I think writing checks directly to Americans is a better way to distribute.
Theoretically this is a short term event, there is an argument to be made with the right collection of policies that the recession will be a V (I mean both economic and healthcare/social policies). One of the key economic policies would be to execute an immediate fiscal stimulus to float spending for say the next month. I think that policy should be a direct pay check, whatever the number is(not sure why $1000 but sure) and hell you even means test it if you are trying to be a little bit fiscally conservative.If this is a long term crisis(months) we've got a whole bunch of other problems that this won't solve so make the short term play and hope we can move close to normal as rapidly as possible.
I don't think anyone necessarily knows on this, but hypothetically on the $1000, would each kid qualify to? So in our house there's 5 of us, so are we getting $5k? Would the Feds know based on the number of people (spouse/dependents) on our 2019 tax return?I think the Feds did something similar to this in 2008ish, did they send hard checks out to everyone? I seem to remember something like that happening, but I could be wrong.
to each person 18+ who is not a dependent is how it was positioned (i believe - racking my brain here).
Yikes, so families who need it most are hit hardest.
Thanks very much. Are you thinking of doing an article on AMZN?AMZN, DLR, and AMGN all bounced pretty strongly so far today so I am holding off on buying more for now. GOOGL and CSCO still watching, up today but not a lot.
The site I write most for, I write for the dividend-investing section. It's not impossible that I would ever write about AMZN, but not likely either.Stock I picked for our most recent buy was TJX (company behind TJ Maxx, Marshalls, etc). Actually writing about em today.
It'll only grow as people who have been furloughed or hourly workers who are technically on "0-hour assignments" join the unemployment pool. To say nothing of gig workers. All of this goes to Cuban's point earlier in the thread. Anything that happens at a corporate level needs to be to bolster cashflow but with severe restrictions on where that money can go (i.e. no buybacks). The trouble the airlines face is that stimulus checks to consumers simply won't bolster their industry; there's just no amount of money that's going to result in demand generation right now. Re: the stimulus, it could be means tested, but most economists cite a lot of risks there, especially given unique circumstances. Basing on last year's tax returns don't hold if you're, say, in sales and commission based. Most economists seem to agree that a broad, sweeping measure makes the most sense to get relief out fast, as the government doesn't have to add the step of checking and verifying income levels.My stance is that it should be universal, but with individuals who are still in the workforce able to submit that money back for a treasury bond so that the cash is re-deployable to lower income levels in subsequent waves. My wife and I both remain gainfully employed at home, and thus are not the target of this measure. We'd reinvest some of it back into restaurants and the local economy, but some of it would inevitably go to savings and investments, which is the COMPLETE opposite effect you want.
100% agree. Well stated.
+1