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re: Help me with my IRA understanding - bovine1 on 10/29/17 at 9:22 pm
Foshizzle you're exactly right. Even in this low inflation era I have this argument with people all the time. If you apply the 4-5% draw a year rule to a million dollars that's 40-50K a year. You're not exactly filthy rich and living high if you retire early on that....Jump to Post - View Topic - Replies (0)
re: Help me with my IRA understanding - bovine1 on 10/29/17 at 9:55 am
When the IRA stuff was created in the early 80's interest rates were skyhigh (middle to high teens). I was at LSU at the time. Billboards all over town with the banks advertising 2000$ year in an IRA and retire a millionaire. Rates came back to reality and shattered that dream....Jump to Post - View Topic - Replies (2)
re: Best online financial firm for individual stock purchase? - bovine1 on 10/3/17 at 4:43 pm
Vanguards commissions are pretty competitive now. For occasional trades I'd just use them and I do. IB is the least expensive broker I've ever used but I was trading fulltime then. At the time 2011 I had to generate at least $30 commissions a month. I love IB's algos especially Booktrader....Jump to Post - View Topic - Replies (0)
re: Is Everything "In A Bubble" Right Now? - bovine1 on 9/25/17 at 9:17 pm
Prices are in the tank is the main reason. The last farm bill cut subsidies markedly for most. We've had quite a few sellouts in this area. I work for a major rice miller. Mexico was our largest export customer. They have quit us pretty much because of the political rhetoric. They started buying ric...Jump to Post - View Topic - Replies (1)
re: Have you ever met anyone who truly believes the Earth is flat? - bovine1 on 8/20/17 at 12:44 pm
That moon thang was a warehouse in New Mexico. They found it years later but kept hush hush by the government....Jump to Post - View Topic - Replies (0)
re: Have you ever met anyone who truly believes the Earth is flat? - bovine1 on 8/19/17 at 9:15 pm
My coworker believes it. He says the military guards the edges and keep it quiet....Jump to Post - View Topic - Replies (0)
re: How should you respond to someone trying to strangle you with piano wire? - bovine1 on 7/8/17 at 4:41 pm
I have no knowledge of piano wire but if he had Gigli wire which is made for this you are done if he gets it around your neck....Jump to Post - View Topic - Replies (0)
re: Long Term Stock/Investments - bovine1 on 6/4/17 at 10:18 am
I own ACAZF which is partially owned/managed by BAM. I look at BAM but I always find it pricey. If you can stand blood in the streets value plays look at CF, MOS, and POT. Potash and rock phosphate mining are in very concentrated hands. Right now agri is very depressed but the cycle will turn. Good ...Jump to Post - View Topic - Replies (0)
re: The Northeast Louisiana University nostalgia thread .... - bovine1 on 5/15/17 at 9:51 pm
Mad Sally's. My freshman year we had the last panty raid before they banned them. Night after girls came to Olin for a jock raid. Some fool threw a bucket of ice off 10 or 11 and liked to have messed a girl up. I was also there the night the Shah was going to give a speech and they shouted him off t...Jump to Post - View Topic - Replies (0)
re: Anyone here with plantar fasciitis? Looking for good socks? Update w photo - bovine1 on 5/13/17 at 2:31 pm
Mine got to where I was having terrible heel pain in the morning. I got some Physix Sport and Nak Fitness compression sleeve/socks from Amazon. The heel pain resolved pretty quickly. I wear them all the time except when I'm in the shower. I also put Prosport arch supports in my shoes/work boots....Jump to Post - View Topic - Replies (0)
re: Crock pot white beans - bovine1 on 4/30/17 at 9:58 am
I've got some going today. I used the remains of a smoked bone in sirloin pork roast because I had it. Ham is obviously good too. Leq quarters, pork roast, and green onion sausage in the smoker. I'm getting ready for this week....
Posted on Food and DrinkJump to Post - View Topic - Replies (0)
re: Can the USA go into more and more debt forever? - bovine1 on 4/29/17 at 2:44 pm
You're right there's a difference but to me there are similarities too. Who would've thought we could have a debt crisis that broke Lehman Bros, GM, and Chrysler among others. I didn't see it coming for sure. To pay our debt back we'd have to raise taxes pretty substantially and cut spending drastic...Jump to Post - View Topic - Replies (0)
re: Can the USA go into more and more debt forever? - bovine1 on 4/29/17 at 1:44 pm
There were no bidders for the CMO derivatives that wrecked the market and broke wire houses that had been here a long time. Where were all our foreign friends then? Sure somebody will bid on the bonds but at what price. At some point in time there will be a market cleansing of our debt. It's the on...Jump to Post - View Topic - Replies (1)
re: Can the USA go into more and more debt forever? - bovine1 on 4/29/17 at 12:03 pm
China has been selling to support the renminbi/yuan you are coorect. They still hold over 1 trillion dollars worth of our bonds as of year end. I personally think a sell order of that size would do us sizable damage. I don't watch much news....Jump to Post - View Topic - Replies (1)
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