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Mutual Funds

My inlaws are cancelling their european river cruise. That costs them nothing (I think they are postponing rather than a full cancel). Airline tickets will cost them some money as airlines are not acknowledging covid as a valid excuse. I wonder if that will change once countries start formally closing borders?
 
crankcall said:
I have a cruise booked in June, its dropped over 5K in value in the last 3 days. However I dont have cancellation ins. so there is no cancel and rebook for 5 or maybe 6k discount. F me.
I own no shares but I've invested heavily in the cruise industry in the last few yrs......
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I have a friend in the cruise business and she said that most cancellation insurance policies won't cover instances such as these...so if anyone does book and purchases said policy, read it with a fine tooth microscope to see whether you'd be covered or not...

as GreyGhost said, postponements are a different story...most airlines/cruise providers etc. will allow these with little to no charge...
 
if i had vacation time , I'd be all over this. $169.00 for a 7 day caribbean cruise?? gidde up!! the ships are empty, 20,000 people died of the regular flu last yr. sign me up!!
 
crankcall said:
if i had vacation time , I'd be all over this. $169.00 for a 7 day caribbean cruise?? gidde up!! the ships are empty, 20,000 people died of the regular flu last yr. sign me up!!
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do share
where can we find this deal??

was looking yesterday
there's a 48 day Royal Caribbean trip around SA

starts in Fort Lauderdale and all the way down around SA
back up the west coast and ends in Vancouver

for last minute bookings there's a free drink package
limits on it though, 15 drinks per day o_O

would have to get a liver on hold in Van for when that is over
 
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J_F said:
do share
where can we find this deal??

was looking yesterday
there's a 48 day Royal Caribbean trip around SA

starts in Fort Lauderdale and all the way down around SA
back up the west coast and ends in Vancouver

for last minute bookings there's a free drink package
limits on it though, 15 drinks per day o_O

would have to get a liver on hold in Van for when that is over
Click to expand...
GTAM group buy??? ??
 
  • Haha
Reactions: J_F
Gas is suppose to get cheap, I guess we are suppose to burn more of it to make up for the surplus. Hopefully they use a crude surplus to bring Diesel prices back in line.

Anyone want to guess if race fuel will come down a whole bunch or will they double the cost of that :|


... and the US$ goes up again :cautious: what's with that, do they have an immunity trophy?
 
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nobbie48 said:
Or tomorrow...........
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This chart puts the latest drop into perspective:

Untitled.png


We're not done yet, by a long shot.
 
Lightcycle said:
This chart puts the latest drop into perspective:

Untitled.png


We're not done yet, by a long shot.
Click to expand...

Just to clarify, I meant "we're not done dropping yet".

If there's a recession brought upon by the coronavirus and the price wars over crude, there's plenty of room to fall given how long and broad the last economic expansion was.
 
J_F said:
do share
where can we find this deal??

was looking yesterday
there's a 48 day Royal Caribbean trip around SA
Click to expand...

cruiseline.com had it posted yesterday. Last minute booking, the 4 days are $179 today and there are some 5 days at $189 some 7's at $229. We get e-flyers in our inbox daily. Mostly Carnival which in MHO are the worst lines.

For anybody shopping cruises if your new to this, add up ALL the fees. You'll find some have a daily gratuity added, a daily "cabin fee" , a variety of Port taxes and charges and suddenly your $899 holiday is $2000.
 
nobbie48 said:
Or tomorrow...........
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I expect we'll scrape along the bottom for awhile, but the long-term trend will be up. Cheap oil will help manufacturing, increase disposable income for eastern Canadians. Corona will be history in 10 months.
 
This week hasn't been great...down about $7000 on the portfolio, so I bought some more today. Actually I need to check if it went through. If not I'll dump some more $ tomorrow to try again.

I'm in it for the long haul.
 
mimico_polak said:
This week hasn't been great...down about $7000 on the portfolio, so I bought some more today. Actually I need to check if it went through. If not I'll dump some more $ tomorrow to try again.

I'm in it for the long haul.
Click to expand...
I did learn something interesting from a friend that works on the IT side of direct banking. He strongly advocates for never placing a market order. Always use a limit order. Although there is rarely a problem, occasionally someone will submit an order that is way off on price to try to catch a sucker. If you have a market order and get unlucky, your order could get filled well away from market price. Eg. market price is 100, someone submits a sell for 90 units at 130, you submit a buy for 90 units and get matched and now you have just bought 90 units at 130 each and lost $2700. Dogs bollocks that is. If you submit a limit order at 105, it prevents this situation from grossly affecting you. I figured market orders were safe enough with the volume of trades but apparently not.
 
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GreyGhost said:
I did learn something interesting from a friend that works on the IT side of direct banking. He strongly advocates for never placing a market order. Always use a limit order. Although there is rarely a problem, occasionally someone will submit an order that is way off on price to try to catch a sucker. If you have a market order and get unlucky, your order could get filled well away from market price. Eg. market price is 100, someone submits a sell for 90 units at 130, you submit a buy for 90 units and get matched and now you have just bought 90 units at 130 each and lost $2700. Dogs bollocks that is. If you submit a limit order at 105, it prevents this situation from grossly affecting you. I figured market orders were safe enough with the volume of trades but apparently not.
Click to expand...

Good to know. Thanks

Been shopping the last couple days for stocks. Still buying as they continue to sink.
 
Dow futures down almost 1100 already, NBA season cancelled, I bet other pro-sports are going to follow. No flights to Europe.
Tomorrow might be an absolute blood bath on the markets.
 
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