ToTBellHop
Well-Known Member
If he's worried after a down week, he has no business investing in the stock market. Perhaps he can start with a savings account or a CD.
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News Expect closure of Hong Kong Disneyland and Shanghai Disneyland to impact Walt Disney World
- Thread starter wdwmagic
- Start date
The beauty of our collective short attention spans. Everything noted above led to a 5-15% short term adjustment in world markets.
UNCgolf
Well-Known Member
That's arguable for South Korea -- they have one of the best healthcare systems in the world and outperform the US in many metrics.
I agree with your overall point though, and as evidence of that, the death rate in South Korea is minimal. It's currently less than the season flu death rate.
Parker in NYC
Well-Known Member
Wow, you don't know any of the facts on this but thanks for the condescension. The man's been investing since the 1960s. He knows what he's doing. If anything, this is more on my part than his.
Parker in NYC
Well-Known Member
I just spoke with him. He's not so much worried about "one down week." He told me to relax but said he's concerned that this is only going to get worse. At 75, I think he's seen a lot in his time to make that assessment.
Parker in NYC
Well-Known Member
See above.
DisneyCane
Well-Known Member
That has not been established by any expert yet. The only thing they've said is that it may be possible to transmit while asymptomatic but even that is not proven yet.
DisneyCane
Well-Known Member
Unless he invested in stocks very recently, the losses are still net gains. Since he is retired, the funds were invested over decades.
Second, unless he sold the stocks, they are still paper declines anyway. I've personally had some stocks in my portfolio that were sold because of stop loss orders. They were down a lot from before this drop in the market but I still ended up with large gains on the sale.
The mentality of some of my friends including me is paper loss on net worth. However I go with the thinking to start rethinking discretionary spending moving forward which will affect many industries that want me to spend money in their places.
It’ll just be like the NHS every winter.
Of them closing? More then that.
DisneyCane
Well-Known Member
It is partially due to the fact that the past illnesses were more severe for pretty much all patients so it was easier to isolate them and quarantine them. China didn't have to lock down cities to try and prevent the spread.
The big question with this virus is was it really necessary to take those steps? If it was just allowed to spread around the world like the flu, would we see that many more fatalities than we do with the yearly flu? Much more study and data is needed to figure that out. It will also be important to see the fatality rate of people that seek medical attention early on with so much publicity about it.
I agree with the mentality. I personally just put off repainting my house because it doesn't desperately need it and I am not in the mood to spend unnecessarily as my paper net worth declines daily. Once things stabilize and hopefully start to recover a bit then my attitude about discretionary spending will change back to normal, as I imagine it will for others as well.
I wouldn't put off a vacation that I have saved up and budgeted for because I look at vacations as the reward for working.
Parker in NYC
Well-Known Member
My father did say I was worrying to the extreme (as I'm wont to do) but thanks for explaining this clearly.
NYwdwfan
Well-Known Member
Disney Closes Tokyo Resort Until Mid-March
12:30 PM ET 2/28/20 | Dow Jones
By R.T. Watson
Tokyo Disneyland is closing until the middle of March as Japan scrambles to contain the spread of the coronavirus.
"We are temporarily closing Tokyo Disneyland and Tokyo DisneySea out of consideration for the health and safety of our guests and cast members from February 29 to March 15," according to a statement on the resort's website Friday.
The current plan is to reopen on March 16, according to the statement, which added, "further information will be announced at a later date."
Earlier this month, Walt Disney Co. signalled it was already preparing for potential losses in Asia after closures at its parks in Shanghai and Hong Kong amid the coronavirus outbreak. Both parks are currently closed.
If Shanghai Disneyland stayed closed for two months, the financial impact would be about $135 million, the company said. Additionally, closing the Hong Kong park for about the same amount of time would cost about $40 million, Disney finance chief Christine McCarthy told analysts.
In Japan, Disney earns royalties on revenues generated by the Tokyo resort, which is owned and operated by local corporation Oriental Land Co. Ltd.
As fears of the coronavirus have risen in Japan, daily life has become increasingly difficult for some as authorities have canceled or limited sports games and concerts. The government has even recommended closing schools for the month of March.
Japan has reported more than 200 cases of the coronavirus with the northernmost Hokkaido prefecture declaring a state of emergency Friday in response to a rising number of cases in the region.
Write to R.T. Watson at rt.watson@wsj.com
> Dow Jones Newswires
February 28, 2020 12:30 ET (17:30 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
12:30 PM ET 2/28/20 | Dow Jones
By R.T. Watson
Tokyo Disneyland is closing until the middle of March as Japan scrambles to contain the spread of the coronavirus.
"We are temporarily closing Tokyo Disneyland and Tokyo DisneySea out of consideration for the health and safety of our guests and cast members from February 29 to March 15," according to a statement on the resort's website Friday.
The current plan is to reopen on March 16, according to the statement, which added, "further information will be announced at a later date."
Earlier this month, Walt Disney Co. signalled it was already preparing for potential losses in Asia after closures at its parks in Shanghai and Hong Kong amid the coronavirus outbreak. Both parks are currently closed.
If Shanghai Disneyland stayed closed for two months, the financial impact would be about $135 million, the company said. Additionally, closing the Hong Kong park for about the same amount of time would cost about $40 million, Disney finance chief Christine McCarthy told analysts.
In Japan, Disney earns royalties on revenues generated by the Tokyo resort, which is owned and operated by local corporation Oriental Land Co. Ltd.
As fears of the coronavirus have risen in Japan, daily life has become increasingly difficult for some as authorities have canceled or limited sports games and concerts. The government has even recommended closing schools for the month of March.
Japan has reported more than 200 cases of the coronavirus with the northernmost Hokkaido prefecture declaring a state of emergency Friday in response to a rising number of cases in the region.
Write to R.T. Watson at rt.watson@wsj.com
> Dow Jones Newswires
February 28, 2020 12:30 ET (17:30 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
WDW Pro
Well-Known Member
It's interesting to me that everyone loves when I post inside information about why Iger steps down two days before articles confirm it. They love when I disclose Close the Gap, SW:GE info, and reveal the Mary Poppins attraction days before it's announcement. Meanwhile I deal with one particularly young Youtuber posting my inside info without credit so that sources go cold. And simultaneously when I post something outside the desired narrative my info disappears.
When I cease providing new info here, remember why.
When I cease providing new info here, remember why.
networkpro
Well-Known Member
- In the Parks
- Yes
Personally I'm of the " I wish that Icky views would just vanish" crowd. He's a symptom of the current media frenzy to get anything out there, right or wrong to gather revenue eyeballs.
Most retirement funds (IRAs, 401ks, etc) are linked to the stock market. Since he is 75, the RMD applies. My husband is in the same situation. Obviously, the portfolio doesn't have the same % of stocks as earlier, but since the account may have to last for another 20 years - or more, some has to remain in the market. The past few years the market has been high, so the withdrawals did not deplete the "principal." But this year, the withdrawal is based on last year, so it is higher than 2019, even though the investment value is rapidly dropping so that the combination of higher annual withdrawal + a correction & possible recession will mean that the amount of "real" money lost will be higher. With no way to increase the account "principal."
I am fortunate that I have been able to continue putting a considerable % of dispersals into liquid accounts so can ride out the storm.
"If it bleeds, it leads."
-- Journalism 101
Bob Harlem
Well-Known Member
Universal Studios Japan just announced it is also closed until (at least) March 15th.
You were promoting a politically based theory of the origin of coronavirus. There is another forum (Politics and Social Issues) where you can go and continue the discussion.