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However, if you are a junk runner, you don't tag them. And they're also not depreciating if you pay nothing for them. If you have a field full of $10,000 10 year old cars, yep, you're right. But junk runners don't do that. |
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thats why you have failed in life... |
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but you are totally correct i title them in my name but never tag them. why would I? i probably turn more profit from that than halfwit does in everything he does in life. EDIT: most of the classics i'm buying are only gaining value, they only made so many and there are only so many left... and while typing this i got a call on the 69 camaro. i think its sold tonight. add another 1500 bucks on top of the 10 grand from a $3000 cash and 2 saturdays of work investment, PLUS i still get to keep the truck i wanted and a car hauler trailer and gave another car hauler to the kid who works for me too... |
I thought I had a decent idea with an app that those with junk lots can choose to list what they have available parts wise and therefore be matched up with potential buyers. Lo and behold it had already been done. I hate seeing acres of discarded hunks of metal that just sit there for years on end.. just seemed so wasteful.
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"I reckin' I better sell some more weed so I can buy some barns to store my junk cars in!"
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Part of the answer was inflation was sky high. Year over year income was increasing dramatically too. Basically, take all your income, your obligations, your assets, and add a zero to everything year over year, and you sort of get to the same result. Everything is the same, just "more". The people that got screwed were people that were laid off, or on fixed income, etc., or who were just sitting on cash and not deploying it. Then you get killed becuase costs/expenses are increasing dramatically, but income isn't. |
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So you said this: Quote:
Which I read as suggesting that you ivnest in IMMATURE businesses and industries, which necessarily entail higher risk. For ****'s sake, that is precisely WHY you get a higher return, potentially. Because you ARE accepting higher risk. Which is fine, but it's takes alot more work, patience, effort and knowledge versus, say, putting in a fixed amount every month like clockwork into a total stock index fund, or Vanguard 500 index fund. I didn't say your approach was invalid, I simply said it's higher risk, higher reward, and higher maintenance. I can't fathom that you disagree. |
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Good times had by all. And by all I mean no one. |
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Id kill for a 69 mach 1 but wife would kill me. |
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Scrap isn't worth my time. I did it myself a couple times and felt like I lost money. |
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