Thread regarding Chevron Corp. layoffs

Another great day for the market and for our stock. Those of you invested smartly are on a run!

LOL, there are fools in these posting. As for myself, I dont vote 100% one party, I vote who can help me and my country the best ... no one party is sacred, its the individual. As for money, my wife and I just retired and we prescribe to Dave Ramsey about no-debt and emergency funds. Actually, we have about 2 years worth of projected expenses in cash. We also have multiple real estate, accumulated over time ... real estate make up about 10% of our net worth, and this maybe alittle low. We pay cash for everything ... i.e. we take no debt. We didn’t get out of the market during the Great Recession in 2008/09, and even now. Our net worth increased in the last 12 years over 300% (one can blame Trump for all their life’s miserable times, but we, for one, are appreciative of our wealth). During this recession our NW decreased 19% and haven’t sold one stock. We have taken extra cash and invested in equities, but value investing. We have a CPA who also does tax planning for us and we have a financial advisor ... they have done great. All-in-all, we are poised to increase our NW significantly overt the next 5 years, assuming we dont get the DEM Party in both Congress and WH, and they tax us out of existence.

Welcome to the Oil and Gas Industry did you really think it would be a good time forever.

One thing I miss out on when working fRom home is valuable water cool tips on stocks. Anyone got anything to share? How low do you think the market will go? Is now a good time to get in??

There is such valuable financial and investing advice here on the layoffs.com forum. Please do continue. I sincerely trust and treasure every gem of information that I get here. The wealth of knowledge here from successful top-tier individuals who are on the brink of getting cut or already have been is limitless. This is my "go-to" site for financial and investment information! /s

If you are not busy enough learning on how to run your own retirement then you have a BIG problem. Nobody is going to look for your interests better than yourself. "Wealthy management" companies aim for a great cut for themselves first, don't forget that. It is not that complicated, put some time and effort into it so at least you can understand the basics, and if at the end you decide to go with a "financial specialist", at least you will know what to ask. Good luck.

No, most Chevron employees are not keen investors, but just plain old savers. There’s a big difference between the two types.

Most Chevron employees I know are keen investors with a strong 401k plus significant outside investments and most with real estate as well, including the younger ones. They are smart about money and know what they are doing. They will get ahead in both good times and even more in difficult times. Most could go years without working just by trimming expenses a bit.

You need to take all of this with a grain of salt, @1dgv. Most of these posters are naive children with little to no investing experience or expertise and make suggestions to try to appear intelligent online to others, as if that works, but it's more of a dead giveaway than anything. For example "hire a wealth management company or diversity your holdings in worthwhile index funds" would be used as some type of a dig, or insult. Quite telling of someone with no savings or little expertise in the market. That's typically accompanied by other suggestions, and a pointing out that they are better investors than you, when they are actually a child with no savings living at home with mommie.

I don’t think anyone can always ‘time’ the market accurately, but any investor who pays close enough attention to domestic and global markets and the fundamental economics that affect them is more able to have the sufficient foresight to make better decisions in their holdings. The ‘buy and hold’ mentality are for fools. Better to be in and out frequently over time than ride the ebb and flow of the markets. Having a good knowledge of economics and the markets will ensure a better outcome to your investments more than half the time. If you don’t have the interest or knowledge to keep up with these things, hire a wealth management company or diversity your holdings in worthwhile index funds. But don’t be so ignorant as to misinterpret the meaning of ‘timing’ the markets. Nobody is saying they can pinpoint the exact highs and lows. What they are meaning to say is estimating the approximate inflection point in a significant market changes. That I know is achievable more than 50% of the time.

If you believe anyone who posts here anonymously, that's your first mistake, but I do agree about trying to time the market, it's a fools errand. You need to be right twice, as they say, and you're lucky if you even come out even, much less ahead. Don't say you weren't warned, lol.

I vote 100% Dem ticket, there is no way I would vote red. and I am down 30%, just like all the other buy and hold investors who don't foolishly try to time the market. Anyone who tells you that they sold everything in time and had a crystal ball is generally lying, or have been in cash for so long that they have no gains at all, so there's that. The BS liars & poor investors always respond the same way never fails.
Que the liars with the BS comeback stories, pointing out the truth and their BS always triggers them 10, 9, 8, 7, 6.......

Anyone that works in this industry for more than 10 years and doesn't save at least one year salary deserves bad things. You know this industry is up and down, so hold off on the bass boat and F-350 and keep that money in reserve you dumb–s dotard voting dipstick.

No kidding, why do you think those of us with some semblance of brain matter went to cash in our retirement plans in early Feb? If you didn't see this coming by at least late February then shame on you. Don't blame anyone else.

We should notify the government officials and the stock market; they may want to know about these findings.

No fear here