[fintstone]

Originally Posted by mgatepi

Time to revive this thread!

Who is back in?
Buys;
Airlines?
Logistics?
Pharmaceuticals?

I was 100% in the DOW/S&P until about a month ago. As the current crisis began, I believed the models/data were exponentially off (and they were)...so I assumed cooler heads would prevail and there would be a small drop in the market. I never expected the mass hysteria/panic we have seen or the shutdown...so at first I held tight. I couldn't buy more (but would have) as I was already fully invested. I had just cashed out about 25% at near the stock market peak and combined that with all my cash to buy an investment/second home for cash. After I lost about 15% percent, I concluded that although the conditions were no worse than I predicted, the panic and resulting shutdown was crazy. I pulled everything out of the market. I went back into the same positions with about 65% of my portfolio and week or so ago when I thought I saw the bottom. I put the rest into a small cap fund late yesterday. I am still down more than I would like, but feeling a lot better about my investments (even though I missed a bit on the way down and seem to have similarly missed a little on the way up (so far). Much like 2008.

As far as my real estate rentals, while I understand that a lot of folks running apartment buildings are not getting rent, so-far, so-good for my single family homes. In fact, the rent has come early for most. I am hoping that renting out homes that are a bit on the higher end in markets with severe shortages of homes will leave me relatively intact there as well. I suspect that a lot of apartment dwellers that did not pay their April rent simply did so because they thought they could make that choice (safety in numbers). Since most initially unemployed will likely end up getting about as much as they made or more (with the extra stimulus money), short term, I don't see that as a problem. If so, I don't expect it to impact my properties or drive rents down much short term for nice single family homes. People have to have a place to live...and renting is still cheaper than buying. It is an election year and no one will lack for money until after November...if the Congress/President have to print it themselves. I got killed on real estate back in 2008 (mostly on my house in Vegas that still has not come all the way back). The rest only saw a little drop and came back quick in value (and rents never dropped). Hopefully, this is over quick enough that it will not have a lasting effect.