RE: Anyone here trade the financial markets ?
August 21, 2023 at 1:18 am
(This post was last modified: August 21, 2023 at 1:32 am by The Grand Nudger.)
I tell people all the time, ag com is a series of short term high risk low intro investments. If you're okay with losing 50 bucks...then you're okay with losing three acres of mainline production. Last year, the ag com average was $14/acre. L....O....L.
Its a total mystery why our economy is wonky...I mean....who will ever figure it out..... End of the day, I'm a fundamentally risk averse investor. I like to put a dollar in a safe place. You never lose money on US coms, but you don't make much money either. It's all in the margins. If the margins are better than a CD then buy. If they aren't. Fuck-em. Wealth by the numbers...slowly.
-for reference - The Wife and I have made about 70k investing 30k over the last 20 years. It's nowhere near the best returns, but it works for us, we're satisfied. We've ended up with more than we started with, and at the bottom end of investing you really do pay alot in fees and taxes. I'm guessing other people made more aggressive moves. The rest of our income is pass-through.
Its a total mystery why our economy is wonky...I mean....who will ever figure it out..... End of the day, I'm a fundamentally risk averse investor. I like to put a dollar in a safe place. You never lose money on US coms, but you don't make much money either. It's all in the margins. If the margins are better than a CD then buy. If they aren't. Fuck-em. Wealth by the numbers...slowly.
-for reference - The Wife and I have made about 70k investing 30k over the last 20 years. It's nowhere near the best returns, but it works for us, we're satisfied. We've ended up with more than we started with, and at the bottom end of investing you really do pay alot in fees and taxes. I'm guessing other people made more aggressive moves. The rest of our income is pass-through.
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