Coronavirus

[adsm08]

My daughters school is closed for the rest of the month... They’ll be doing online classes.

Our entire state school system is closed for the rest of the month. My kids will be bugging Grandma.

 

[4.0blue98]

Schools are all closed indefinitely down here. Just makes my commute easier. I was going to try that "social distancing" today but then realized that's how I've been living most of my life...

 

[Blmpkn]

Got curious and checked to see how the company I work for is doing on the stock market.. Down near 50% in a month lol.

 

[Dirtman]

I do not understand the stock market... at all... why would you take a private company and say, hey lets make it a publically traded company so its value can now no longer be assessed by it's assets and profits but by the mood of the general public?

 

[Blmpkn]

I do not understand the stock market... at all... why would you take a private company and say, hey lets make it a publically traded company so its value can now no longer be assessed by it's assets and profits but by the mood of the general public?

That I couldn't answer.

What I can say though, is that work really got shitty after we went public, corporate suits are seriously out of touch, and most of the employees at our branch would be more likely to laugh than cry if we went under.

 

[RonD]

I do not understand the stock market... at all... why would you take a private company and say, hey lets make it a publically traded company so its value can now no longer be assessed by it's assets and profits but by the mood of the general public?

Its a way to borrow money, a Loan, Companies issue stocks and collect that money to use in doing business
They can also sell Bonds to raise money but those will have a pre-set interest rate and a term, when the Bond needs to be paid back in full, like a 5-year Bond
The US issues Savings Bonds to raise money

The advantage of Stocks, to a company, is that there is no term, no specific repayment date, and it usually means a stock owner(shareholder) owns a piece of the company, but that depends on what kind of stock it is
So downside to the Company is that "shareholders" may need to be consulted on changes in the company
And a company may wish to buy back some shares, or if the company is being sold the other company buying it will by back the shares to gain ownership, owners of the stock/shares can sell or not sell at the offered price

The Company only collects the money when the stock or share is first sold
The stock market price of a share after that doesn't go to the company, market price is just between buyers and sellers of that stock/share
But the company does retain shares, the % of shares they still own, so they can sell these to get more money, or borrow against them, using shares as collateral

When stock market goes down it means owners of stocks are willing to sell their shares at a buyers offered price which is lower that day, so if a stock was selling at $100, and offered buy price was $99 and ANY owner of that stock sold it, then that stock price is now $99, last sold price is the value listed

If you also owned that stock then its value is now $99, but....................unless you sold the shares as well then you haven't actually lost any money, just value

Think of it as going to an auto parts swap meet, buyers and sellers, value changes but what its worth is only establish when YOU Sell or Buy

 

[Dirtman]

Its a way to borrow money, a Loan, Companies issue stocks and collect that money to use in doing business
They can also sell Bonds to raise money but those will have a pre-set interest rate and a term, when the Bond needs to be paid back in full, like a 5-year Bond
The US issues Savings Bonds to raise money

The advantage of Stocks, to a company, is that there is no term, no specific repayment date, and it usually means a stock owner(shareholder) owns a piece of the company, but that depends on what kind of stock it is
So downside to the Company is that "shareholders" may need to be consulted on changes in the company
And a company may wish to buy back some shares, or if the company is being sold the other company buying it will by back the shares to gain ownership, owners of the stock/shares can sell or not sell at the offered price

The Company only collects the money when the stock or share is first sold
The stock market price of a share after that doesn't go to the company, market price is just between buyers and sellers of that stock/share
But the company does retain shares, the % of shares they still own, so they can sell these to get more money, or borrow against them, using shares as collateral

When stock market goes down it means owners of stocks are willing to sell their shares at a buyers offered price which is lower that day, so if a stock was selling at $100, and offered buy price was $99 and ANY owner of that stock sold it, then that stock price is now $99, last sold price is the value listed

If you also owned that stock then its value is now $99, but....................unless you sold the shares as well then you haven't actually lost any money, just value

Yea, still lost.

Your talking to a man who's idea of a retirement plan is this...

 

[RonD]

Well from what I have read you are probably a "picker" of sorts
You will buy something you think is a good deal at that time and that thing might be worth more down the road
Stocks are the samething

You just don't have to mow around them, lol

 

[alwaysFlOoReD]

Yea, still lost.

Your talking to a man who's idea of a retirement plan is this...

View attachment 38481

Last I checked pennies are worth more for the copper than as money. Canada has stopped making pennies quite awhile ago. Does the states still make them?

 

[Dirtman]

US pennies aren't pure copper anymore. They are 97% zinc so their metal value is less than one cent.

 

[4.0blue98]

yeah but just wait until zinc goes up...

Weren't nickels really nickel way back when?

 

[alwaysFlOoReD]

yeah but just wait until zinc goes up...

Weren't nickels really nickel way back when?

Canadian nickels were nickel up to about early 80's (IIRC) according to some article I read somewhere on the internet. They were talking about the % of real nickel nickels in circulation and if it was worth buying bulk amounts of nickels to sort thru them.

I just had to go thru my post and change all the "buckles" to nickles...damn Google spell check.
Then realized I had spelled it wrong in the first place....and had to go back thru it again.

 

[Dirtman]

Same in the US, coins use to be somewhat worth the face value of the metals they were made from. But when those metal prices went up it made more sense to melt the coins down for scrap than to spend them so the government had to step in and make coins from garbage to stop people from doing this.

Way back in the day there was a thing called coin clipping as well. Basically a dollar coin is a dollar coin, So you clip a bit of metal off them and they are still worth a dollar but you now have leftover metal to melt down and sell for more money. Fun fact: this is why coins have ridges on the edges. You could tell if a coin had been clipped or filed by simply looking to see if the ridges were still there.

Somewhere my dad has a collection of old coins and almost all of them are about 3/4 of their original size or less because of how common it was to clip coins.

 

[RonD]

Ruffles have ridges

 

[Dirtman]

Ruffles have ridges

For the same reason! So you can tell if someone took a bite out of it!