I opened up a Roth 401k for my business this year and funded it with a piddly $500 - mostly because I just wanted something in there. I have other buckets I need to fill before filling this bucket (HSA, Roth IRA, 401k, etc.) so it's only $500. But I bought some stock today with my $500. Sale! Sale! Sale!
Not to say that I'm not worried. I am very worried. Not about my money, but about the old people in my life, about the fragile nonprofit I volunteer for and the vulnerable people we serve, how best to continue serving them in the days that are coming, how best to serve my own clients (most very vulnerable to coronavirus), and how hard the coronavirus is going to make everyone's life for a while. I am also having a very tough time wrapping my head around life in a coronavirus infected world. It's mind boggling.
I read a statistic today that new coronavirus cases have increased 13fold in the last two weeks world wide. I haven't fact checked that or anything, but if true, and the trend continues, which maybe it will or maybe it won't, but if it does, that would mean our roughly 1000 cases in the US today will be 130k in 2 weeks (sounds icky), 1.69 mil in 4 weeks (eye popping), 22 mil in 6 weeks (jaw dropping), 285 mil in 8 weeks (#@!%). My mind blown, I had to look up population of the US - apparently about 327 mil.
Wow.