Survey: Could You Come Up with $500 in an Emergency?
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Survey: Could You Come Up with $500 in an Emergency?
by Recyclersteve » Sat Jul 29, 2017 3:59 pm
I am very curious to see how people respond to this survey. On another part of the RC site it mentions a survey which says that something like 57-58% of people could NOT come up with $500 in an emergency. I know my survey results may be somewhat biased (since this site includes a lot of preppers and others who stack PM's), but I am still curious to see what the results will say. Thanks in advance to all who participate. Only one response per person please.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
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Re: Survey: Could You Come Up with $500 in an Emergency?
by Recyclersteve » Sat Jul 29, 2017 4:02 pm
I was even thinking that some of the scrappers here (hobo finds and cwgii) might even be able to find $500 of scrap materials in a few days in an emergency.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
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Re: Survey: Could You Come Up with $500 in an Emergency?
by 68Camaro » Sat Jul 29, 2017 5:10 pm
You're polling a highly atypical population so while it might be interesting to see how rc fares I would be shocked if the percentage of rc ers isn't at least 95%.
In contrast, just looking at my wife's immediate family, neither her mom nor her aunt could do it, nor any of her 3 siblings, and of the next generation only one nephew (who technically is still at home so not on his own), plus her dad could do it.
In contrast, just looking at my wife's immediate family, neither her mom nor her aunt could do it, nor any of her 3 siblings, and of the next generation only one nephew (who technically is still at home so not on his own), plus her dad could do it.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: Survey: Could You Come Up with $500 in an Emergency?
by Thogey » Sat Jul 29, 2017 5:17 pm
What's an emergency?
If I have the gift of prophesy, and know all mysteries and all knowledge, and if I have all faith, so as to move mountains but do not have love I am nothing. And if I give all my possessions to feed the poor, and if I surrender my body to be burned but do not have love it profits me nothing.
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Re: Survey: Could You Come Up with $500 in an Emergency?
by Recyclersteve » Sat Jul 29, 2017 5:37 pm
The concept of what is an emergency is certainly debatable. Let's assume that it doesn't include paying a cable bill, but something like a hospital demanding cash or bailing a (hopefully innocent) loved one out of jail or perhaps an electric bill during the hot summer months.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
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Re: Survey: Could You Come Up with $500 in an Emergency?
by johnbrickner » Sat Jul 29, 2017 10:25 pm
68Camaro wrote:You're polling a highly atypical population . . .
Truly, not typical of the general population.
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Re: Survey: Could You Come Up with $500 in an Emergency?
by AdamsSamoa » Sun Jul 30, 2017 12:55 pm
you are correct...
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Re: Survey: Could You Come Up with $500 in an Emergency?
by Rosco » Sun Jul 30, 2017 9:21 pm
I also expect 95 % yes
Perhaps more
Rosco
Perhaps more
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Rarely Hand Sorts ....Hope that the Hoard goes to the Boys
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Re: Survey: Could You Come Up with $500 in an Emergency?
by alpacafarmer » Mon Jul 31, 2017 12:06 pm
in cents!!!
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Re: Survey: Could You Come Up with $500 in an Emergency?
by hobo finds » Mon Jul 31, 2017 4:27 pm
$500 emergency I feel would be like a car problem, but when you start getting into $15000 and higher I would need to sell off a lot more than scrap metal.
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Re: Survey: Could You Come Up with $500 in an Emergency?
by Recyclersteve » Mon Jul 31, 2017 8:31 pm
hobo finds wrote:$500 emergency I feel would be like a car problem, but when you start getting into $15000 and higher I would need to sell off a lot more than scrap metal.
Cmon, you mean you don't have $15k in aluminum cans just sitting around?!?
Last edited by Recyclersteve on Tue Aug 01, 2017 8:44 pm, edited 1 time in total.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
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Re: Survey: Could You Come Up with $500 in an Emergency?
by misteroman » Mon Jul 31, 2017 9:40 pm
I would hope most on here woudnt have to go to the bank to get $500.......
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Re: Survey: Could You Come Up with $500 in an Emergency?
by Recyclersteve » Sat Aug 05, 2017 7:04 pm
Bumping for some more votes.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
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Re: Survey: Could You Come Up with $500 in an Emergency?
by Shazbot57 » Sun Aug 20, 2017 12:58 pm
I chose OTHER but actually it's a YES without any qualifiers like those added. 'Nuff said...
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