Originally Posted by Mennonite:
Half the country will be for it, half will be against it, and which is which will be determined by if their guy is the one in the White House.
So stupid question and probably stupid idea but I have quite a bit of cash and everything is paid off in my life so no real stress of having to wait a while for a return but does it make sense to put 10-20k in cruise stocks ? Like royal Caribbean was trading at $150 plus and now at $30. Unless they go out of business which could happen but they are one of the top two in the industry . Just putting money in it knowing it will rebound in a couple of years . Even if it went to $90 it would still triple . Stupid idea? [Reply]
Originally Posted by synthesis2:
So stupid question and probably stupid idea but I have quite a bit of cash and everything is paid off in my life so no real stress of having to wait a while for a return but does it make sense to put 10-20k in cruise stocks ? Like royal Caribbean was trading at $150 plus and now at $30. Unless they go out of business which could happen but they are one of the top two in the industry . Just putting money in it knowing it will rebound in a couple of years . Even if it went to $90 it would still triple . Stupid idea?
Stay liquid and ride the stocks to the bottom. Should be able to triple your money without it tied to a sinking ship...ships, waiting for a rebound. [Reply]
Originally Posted by synthesis2:
So stupid question and probably stupid idea but I have quite a bit of cash and everything is paid off in my life so no real stress of having to wait a while for a return but does it make sense to put 10-20k in cruise stocks ? Like royal Caribbean was trading at $150 plus and now at $30. Unless they go out of business which could happen but they are one of the top two in the industry . Just putting money in it knowing it will rebound in a couple of years . Even if it went to $90 it would still triple . Stupid idea?
I've got some RCL. I read two articles about it today (sorry, no links). One said that bankruptcy is inevitable and the other said that it's a fantastic time to buy as a long-term hold due to demographic trends. [Reply]
Originally Posted by Halfcan:
Stay liquid and ride the stocks to the bottom. Should be able to triple your money without it tied to a sinking ship...ships, waiting for a rebound.
This is the route I would take, but I think putting in 10 percent weekly makes more sense than dumping it all in at once. How do you know when the bottom is? [Reply]
Originally Posted by synthesis2:
So stupid question and probably stupid idea but I have quite a bit of cash and everything is paid off in my life so no real stress of having to wait a while for a return but does it make sense to put 10-20k in cruise stocks ? Like royal Caribbean was trading at $150 plus and now at $30. Unless they go out of business which could happen but they are one of the top two in the industry . Just putting money in it knowing it will rebound in a couple of years . Even if it went to $90 it would still triple . Stupid idea?
There are so many other things you could buy, this would be a pretty big risk. Cruise ships for some reason are holding the hot potato on this one, and may never recover.
I think one older people age out who is going on these cruises? All you ever hear about them in the news is some disease or sickness or diarrhea from satan ravaging these ships.
The only thing I think will save them is to discount their trips once they resume business. Discount the trips like well below half price. And then no profits. Just my opinion, i know nothing. [Reply]