Kinda Glad I dumped my 401k
- Thread starter wcfanfourever
- Start date
Whe wrong call the other guy a liar?
$11 isn't the bottom on silver and $40 isn't the top.
Livestock were real beat up because of the drought years. Anyone with half a brain could see that coming.
I never "get out" of anything. You really should read my posts. I rebalance into other beaten up funds from high points. In 2007 I could easily see the market collapse coming and moved into an asset that would perform well in that environment. When silver pulled back from near $50 the run looked over (did people really think it would rally higher?) and stocks were badly beaten up. Stocks have pretty much ended their run and silver looks cheap. Livestock will likely remain a constant for me but as with other assets, there is a time to increase and a time to decrease. Right now looks like less is more when the bunch i'm running now are done.
Just buy and hold if you can't think for yourself, you can get about 5% anually.
There was a monumental downturn in the past week. Yes or no? You used that as your end date so you could say stocks are only getting 6-7% a year. Why do I even get involved? And you are full of crap on stocks and other investments. I'm putting you on ignore like JR56 to prevent myself from getting dumber. So don't bother responding I won't see it.
It's the CURRENT price. You want me to go back a week? It wouldn't change much on anual return.
Crap? Facts are facts. What did I say that wasn't factual?
Crap? Facts are facts. What did I say that wasn't factual?
Yeah, because you were wrong about the stock market and silver. $11 is near the bottom for your 6 year time frame and $40 is near the top. If you don't get how up 1,800 points is up totally different than your assertion that the Dow was up 1,000, then I can't help you. If you can't figure out why cherry picking the downswing this week is a short term perspective, then I can't help you. If you can't figure out why saying my 2 year perspective is arbitrary then picking an arbitrary 6 year window should render your perspective on this issue meaningless because 6 years actually helps my point way more than my 2 year window, then I can't help you.
In short, I agree with duck. You're full of crap on this issue.
Silver went down after I bought it to around $8 and had been as high as $49. Both are about 20% from their highs or lows.
If you think 2000 pts is a big move then i'm sorry for shorting you. I didn't even look it up when I said ABOUT 1000.
I'm aware that the market is down this week but not that much, it came back pretty strong. Your figures start at the very lowest point of the crash. When talking about 90% returns picking the very best spots on the chart, you still don't do as well as my non-buy-and-hold choices. When you factor in the huge drop that allowed for thos huge gains in the stock market you do well to make 5% over the last 10 years when sitting above the previous record top!
6 years ago is the point where I dumped stocks to buy silver. How is that arbitrary? Any other timeframe would have been "cherry picking" like you. I wouldn't want to be guilty of that.
You always go with the "experts" on everything so I don't expect you'll ever brave the waters of thinking for yourself.
So sorry. I didn't realize this was a place for agreement on everything.
Last I checked, I wasn't "argueing" with myself.
Miller do you count any of the expenses you have in the cattle you say make you a 50% return? BTW way "arguing" has has no "e" in it. I've seen you use that spelling repeatedly on here so I know it's not just a typo.
3R - Right now my cows are giving me a 75% return after all expenses including land costs.
We in the beef industry thank you! You should probably buy one for each of your friends!
You should start seeing some relief next year and hopefully a substantial drop in 2 years if the drought in Texas is truly broken. However, my grass fed beef will stay at the same price.
We in the beef industry thank you! You should probably buy one for each of your friends!
You should start seeing some relief next year and hopefully a substantial drop in 2 years if the drought in Texas is truly broken. However, my grass fed beef will stay at the same price.
I'm going to start my campaign to get Americans to boycott beef for a year.
That market will bottom out. Screw you greedy bastages.
A
ag-man
Guest
And you will have the same amount of luck with that as you do with eradicating guns.
A
ag-man
Guest
Americans are eating less beef - nearly 40% less per person than 35-40 years ago. The doctors got to us on that one. We started eating a lot more poultry.And you will have the same amount of luck with that as you do with eradicating guns.
Interestingly, people have increased the rate at which they are substituting beef with poultry over the past 2-3 years, likely due to the price hikes.
But more people are eating grass fed beef according to the requests and questions I get. Now a lot of poultry will be processed in China. That should give everyone a warm fuzzy. But don't worry, I also sell pasture raised poultry that are processed locally.
Greedy? Go get you a burger and chill out. It's not my fault that people want to pay 1300 for a 6 month old calf. I just went and got another bull so they can breed them faster!
Buy your beef locally and in bulk. We buy our 1/4 every April/May. I think it was around $450 give or take after processing. Fill the deep freeze and be done with it. And it's a lot cheaper than buying from Walmart etc....
I'm working on the hen house aswell. With eggs reaching record highs, no time is better than now.
I'm working on the hen house aswell. With eggs reaching record highs, no time is better than now.
These are the same people who do not know the difference between organic and all natural products.
I have no insight into data but it wouldn't shock me if there was more foreign demand for our beef coming from Asia (although I dunno what impacts mad cow or other illnesses have had on the ability of the US to export beef products)
To be fair, the trend started happening long before organic became a thing.
Interestingly, fish and pork haven't changed that much - Americans have just fallen out of love with beef. My wife almost never buys it so I only eat it when I'm out at a restaurant
A
ag-man
Guest
I would have to respectfully disagree. Americans have not "fallen out of love with beef".
Is consumption down from a high of about 28 billion lbs per year to about 24 billion per year? Yes, it is, reflecting high price beef and stagnant wages.
If the price on beef softens a little, and our economy would improve, I think you would once again see record consumption.
You're ignoring the fact that our population grew. Our overall consumption of meat is up on a per capita basis relative to a couple generations ago (although it is starting to tail off now). Beef used to be the predominant protein eaten in America by a large margin, now it is chicken by a large margin.
Beef has been on a downward trend for 40 years now. That isn't about to change. The medical profession got to us. Also, the trend towards eating out hurt beef, as the average restaurant meal eaten is more likely to contain poultry than a meal made at home.
Come over and we will kill one of the neighbors cows and put it on a spit. You bring the beer.
Overall consumption may be down but I believe that specialty meat consumption is on the rise. It's a lot healthier product without the grain base in it. So there is still money to be made in the beef industry. Also, you're right, Asia has fallen in love with our beef, especially since Argentina ripped up land to try to capitalize on the short run of high grain prices.
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