Who can afford a new truck anymore?

[Mag Craft]

I remember that year, there were hugh swings in the market. I made a killing that year.

 

[Yamaha2112]

Going into turbo mode would have been even better.

Perhaps we should start a new thread to share our experiences/ knowledge?

Rural Living is heavily based on money, after all.

 

[timswi]

Going into turbo mode would have been even better.

What's that, buying more?...If so, I agree..

 

[Yamaha2112]

Of course.

 

[buickanddeere]

Uphill or down?

Uphill both ways

 

[MoKelly]

Just having a bit of fun.
Simply put, Wall Street.

Easiest way to get started is Brokerage Account | Online Brokerage Account | Charles Schwab

$1k to get it started. Lowest $ "real" account I know of at the moment.

I wish I knew then what I know now, but such is life.

Beware of the "free" ones which incur monthly charges.

Roughly 10 years ago, I read a quote from the manager of the famous Magellian Fund saying it is always best to buy stocks in companies you know and use in your everyday life.

So, I looked around our family and saw --- (1) everyone had an iPod and either had or wanted a Mac and (2) my wife and her friends were buying everything via Amazon.com. So, I bought Apple and Amazon stock.

10 years later --- (1) Apple is up $125.75 a share or 2,172% and (2) Amazon is up $390.93 per share or 1,101%.

Time is not your friend on age but is your friend in investing.

MoKelly

 

[s219]

My regret is not buying enough Apple stock back in the late 90s. What I bought has gone up by over 6,000%. Had I sunk more money into the stock then, I could've retired by now..... Still, I am thankful for what I did invest at the time. More than makes up for all the dud stocks I lost money on.

 

[Yamaha2112]

Ah yes. My mother almost invested in an unknown company called Xerox many years ago.
Had she done so, my farm would likely have a helipad right now. Sometimes I wish she never told me her "oopsie".

 

[grnspot110]

I've been plowing money into retirement since I was 24 (even when I couldn't afford it)...I have overall averaged 8% or so with relatively conservative index, targets, light bonds and a few individual stocks for giggles...never dreamed it would add up to what it is after 20 some years. Start early and never stop, cash in or borrow from it unless your world is literally coming to an end.

I did the same thing & retired at 55. Lost quite a bit in the 80's, but still comfortable in retirement! The key is time!

We bought our house 30 years ago on a 10 year loan, paid it off in 8 years & haven't paid out any interest since!

 

[ultrarunner]

I'm among those who know they'll never be able to buy another new truck. My 2001 Ford Ranger had 112k miles on it, so it might last the rest of my lifetime. Nearly a year ago, we did buy a 2014 Ford Escape with about 16k miles on it, so hopefully, it's the last car we buy.

Mom was set with her 2001 until it was stolen and never recovered... best made plans have a habit of changing.

She likes her replacement well enough... when it was all said and done it cost her 10k out of pocket plus higher license and reg fees...

Everytime I see a car similar to hers I take a close look... I'd know her car anywhere and one day... I just might find it!