Recruiting Forum Off Topic Thread III

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#20,251
#20,251
BaldBiker said:
Yes. And is probably good talk for most people... I chose not to go this route. I paid my employees out of my own pocket. I'm betting on the long term ramifications....loyal employees to me...not the government.
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I got you. It’s noble. It’s just basically free money that would ensure you don’t lay people off. I would guess they will be loyal to you as long as they don’t lose their job.
 
#20,252
#20,252
VolGee4 said:
I got you. It’s noble. It’s just basically free money that would ensure you don’t lay people off. I would guess they will be loyal to you as long as they don’t lose their job.
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I can honestly say...I don't guess they will...I truly hope they will. More honestly...i.guess I am betting they will...long term.
 
#20,253
#20,253
VolGee4 said:
I got you. It’s noble. It’s just basically free money that would ensure you don’t lay people off. I would guess they will be loyal to you as long as they don’t lose their job.
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I will not have an employee lose their job because of this....period. My Ceo's, managers, supervisors and anyone else in any kind of "in charge" position have been informed thusly.

I own several companies/businesses,. This is my rule across the board.
 
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#20,254
#20,254
BaldBiker said:
I will not have an employee lose their job because of this....period. My Ceo's, managers, supervisors and anyone else in any kind of "in charge" position have been informed thusly.

I own several companies/businesses,. This is my rule across the board.
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I have been with my company almost 18 months. We sell to the hospitality industry so there's very little business now.

I was partially laid off (working 2 days a week) so I am eligible for unemployment. The state won't give me anything but I will get $600 per week in federal benefits. I am one of a handful of employees not fully laid off and I can tell you that I am appreciative.

I was loyal before but I am diehard loyal now.
 
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#20,255
#20,255
gainesvol82 said:
I have been with my company almost 18 months. We sell to the hospitality industry so there's very little business now.

I was partially laid off (working 2 days a week) so I am eligible for unemployment. The state won't give me anything but I will get $600 per week in federal benefits. I am one of a handful of employees not fully laid off and I can tell you that I am appreciative.

I was loyal before but I am diehard loyal now.
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See, I’m laid off as well right now. I drive a truck and also work as a driver manager for a company that moves parts & junk for the big 3 automakers. This is the first full week I’ve not worked so I’ll actually be able to get the $275 from the state. What I wanna know is, how/when does the fed money come in? I’ve been told it supposed to be nearly $600 which those combined would bring me within $100-$200 of my normal weekly salary.

Edit: I’m also aware of the $1200 from the govt me & my wife will both separately receive. But I know that doesn’t factor into the fed supplement of the $600 a week, correct?
 
#20,257
#20,257
GojiraVol17 said:
See, I’m laid off as well right now. I drive a truck and also work as a driver manager for a company that moves parts & junk for the big 3 automakers. This is the first full week I’ve not worked so I’ll actually be able to get the $275 from the state. What I wanna know is, how/when does the fed money come in? I’ve been told it supposed to be nearly $600 which those combined would bring me within $100-$200 of my normal weekly salary.

Edit: I’m also aware of the $1200 from the govt me & my wife will both separately receive. But I know that doesn’t factor into the fed supplement of the $600 a week, correct?
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You're right that the $1200 stimulus check is separate from the increased unemployment benefits. My understanding is that the $600 a week is available now and is paid by the state with unemployment checks.

I've also read that the state has the option to pay the $600 a week in a lump sum of $9600. That makes no sense to me though. I doubt FL would do that and what happens if we go back to work full time in late May or June? Would we have to pay back the extra weeks of fed money?

The only benefit I can see in the lump sum is that the state won't have the extra cost and hassle of administering it.
 
#20,258
#20,258
gainesvol82 said:
You're right that the $1200 stimulus check is separate from the increased unemployment benefits. My understanding is that the $600 a week is available now and is paid by the state with unemployment checks.

I've also read that the state has the option to pay the $600 a week in a lump sum of $9600. That makes no sense to me though. I doubt FL would do that and what happens if we go back to work full time in late May or June? Would we have to pay back the extra weeks of fed money?

The only benefit I can see in the lump sum is that the state won't have the extra cost and hassle of administering it.
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I’ve been told they’ll back up and backpay all of what you’ve missed on once the fed approves your benefits. Which is a really good thing if that holds true.
 
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#20,261
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#20,264
#20,264
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#20,268
#20,268
Crazy Ivan said:
It appears anti-gun NY Gov Cuomo will willingly accept ventilators from communist China, but so far is hesitant to accept Remington Arms offer to use one its one million square foot facilities to manufacture ventilators for NY. I guess desperation has its political limits.

s://townhall.com/tipsheet/juliorosas/2020/04/02/gov-andrew-cuomo-has-not-accepted-remingtons-offer-ppe-ventilators-n2566211
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I don't care what party you support Gov. Cuomo has done an unbelievable job so far. I live in NYC and he is a breath of fresh air compared to most of our current government.
 
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#20,269
#20,269
Wadetime said:
I don't care what party you support Gov. Cuomo has done an unbelievable job so far. I live in NYC and he is a breath of fresh air compared to most of our current government.
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Well, I am glad for you and all New Yorkers that he is, but he access to federal funds courtesy of the "current government" that declared New York a natural disaster back on March 20, so he has had pretty much unlimited federal funds to work with since then, which , interestingly, was 3 days after he had disagreed with de Blasio, who had suggested to New Yorkers that a 'shelter in place' order was coming, if the state agreed. Cuomo appaently didn't agree, stating that a quarantine would cause panic, which would be a bigger problem than the virus. Granted, he was not alone, as a lot of people on both sides were still thinking the same that late, but I am glad he is focused now, like everyone else in leadership, in getting all of us through this.
 
#20,270
#20,270
I've really gotten into investing lately. I don't know much, but thinking about putting in 2000 bucks and opening a fidelity account. Always been fascinated with the concept. Hmmm
 
#20,271
#20,271
Catbone said:
I've really gotten into investing lately. I don't know much, but thinking about putting in 2000 bucks and opening a fidelity account. Always been fascinated with the concept. Hmmm
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Nothing wrong with doing so, though with $2000 you have limited options if you are wanting to do full-fledged individual stock buying (not that this is really advisable starting out anyway). Research shows you want a basket of 25-30 stocks to be diversified.

So, it is more efficient starting out to buy an index, which you could get into for the price of 1 trade, or even $0 for certain ETFs and index funds that are partnered with Fidelity. Instant diversity and low cost.

The problem with both being diversified and buying individual stocks is that the price of transaction costs is a huge burden to overcome with a smaller portfolio. Say you get $7 trades and go on the low end of 25 stocks for your portfolio. Ok, you're diversified. That's good, but that is $175 just to get started. That is 8.75% of your portfolio you are starting behind. It's a scalability issue.

Now...if you just want to throw caution to the wind and ride on a few stocks, you can, but that is not advisable either. If one company goes kaboom, well there goes 50% or 25% etc of your portfolio.

Hope this helps.
 
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#20,272
#20,272
Devo182 said:
Nothing wrong with doing so, though with $2000 you have limited options if you are wanting to do full-fledged individual stock buying (not that this is really advisable starting out anyway). Research shows you want a basket of 25-30 stocks to be diversified.

So, it is more efficient starting out to buy an index, which you could get into for the price of 1 trade, or even $0 for certain ETFs and index funds that are partnered with Fidelity. Instant diversity and low cost.

The problem with both being diversified and buying individual stocks is that the price of transaction costs is a huge burden to overcome with a smaller portfolio. Say you get $7 trades and go on the low end of 25 stocks for your portfolio. Ok, you're diversified. That's good, but that is $175 just to get started. That is 8.75% of your portfolio you are starting behind. It's a scalability issue.

Now...if you just want to throw caution to the wind and ride on a few stocks, you can, but that is not advisable either. If one company goes kaboom, well there goes 50% or 25% etc of your portfolio.

Hope this helps.
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Did I miss where he asked for advice lol
 
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