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What to invest in?????

W

wilson ind

Well-known Member
I am not a wealthy man, however I have a few bucks to invest and wish different opinions. My thinking gold is not an option for me nor diamonds. I don't have enough to consider those anyway. I think as C'D are so low and Banks do not look as stable as most think would not 2 - 3 plow tractors and related implemts be good. Not paying premium for these just picking up where possible. usable things only, not wanting to start a junk yard. If economy really goes south would not many want to rent or buy small acerage to be self sustaning??? Thinking of maybe 10 or 12 sets. Ih M , case MM 40 drawber HP size. NO I will not have a barn full of 8N stuff however any 3 point is more desirable. OK that's my idea so let me know what you think. Bill Wilson
 
Classic cars from the 60's. 2 door, 4 door, converts. They are gaining popularity. The Impala's and Galaxies are some of the hottest right now. Pick ups are also.
 
Not a bad plan, money could be squandered in a much worse way. Live power and 3 point hitch, along with ease of working, inexpensive and available parts supply, it would be requisites for me.

Late 60s through early 80s Fords and MF fit the bill.
 
If the economy really hits the skids the average person is not going to have any money to buy your equipment. If the federal government basically folds, as is becoming increasingly likely, then the money would be worthless anyway. Most of the people who would know what to do with the equipment and are not too lazy to do it probably already have their own equipment and land.
 
Id still consider real estate as a long term investment if you can handle it knowing there may be NO net cash flow when youre holding it. CD's are like one percent, I have some insured funds now at 5% but that was locked in a few years back. Some conservative Mutual Funds like American Fund may not be bad butttttttttt thats a long term investment again from which you wouldnt expect or take any income or cash, JUST LET IT RIDE.

I hit a good lick when silver was 23 and sold it for 46 and took the profit and invested in Copper and a BRIC Mutual Fund (Brazil, Russia, India, China) industrials

What modest amount I have was realized by buying and farming and splitting up and selling farms over the years but those days are longggggggg gone now

Still say REAL ESTATE

later Neighbor

John T
 
Yep mine,covered in dust.
a62424.jpg
 
From what I'm seeing, I'd invest in silk, hand fans, rickshaws, fireworks, bamboo sandals or just diversify and buy some wal-mart stock.
 
ohh nice, one of my favorites! i used to have a 64 galaxie 500xl 390-4v , 4speed standard.
 
No matter what or how you try to invest it is pretty much a no win thing. If things do go south the $$ will not be worth any thing and so in turn a person will not have any $$ to buy a tractor in the first place. Stock and bond again will be worthless. But if you figure the other way around and buy things like tractors and equipment as long as you have fuel you can at least grow your own food. Another thing to think about is that if you have what it takes to keep food on the table you better have a way of protecting that food and stuff as in guns. Tractors and guns may not be something you could sell but they might be the best place to put you money other then in a still since you will have to make your own fuel also
 
Bill, I'm looking into a tax free investment, Municipal bonds. They are insured and in today's market they look good. In Indiana, that's tax free fed, state, and local. Sure beats the less than 1% CD rate.
George
 
That's the line I use when I tell my wife I should by another tractor. So far she has been agreeably with me on it.
 
I agree that real estate is still good. Especially if you BUY MINE, SO I CAN RETIRE LIKE I WAS PLANNING TO, BEFORE EVERYTHING WENT SOUTH!!!!

Mrs. and I were in Hawaii on that fateful day in September 2008, when stock market lost 1,000 points in one day, on its way from 14,000 to 7,000. Bunch of folks went out on the lawn by the beach to watch the sunset- a distinguished looking gentlement turned to the group assembled, raised his glass, and said "May I propose a toast?" Everyone said "hear, hear" and raised their glasses- he turned toward the sunset, and said, "To our 401K's and IRA's, as they sink slowly in the west. . ."
 
Aluminum. Somewhere there's a graph showing what a guy that drinks beer, and saves the cans, versus the guy who invests in the stock market, etc. Turns out that the guy who saved his cans, made more money, in the same time period! At least I'll die poor, and happy!
 
This has all the options, all power and has A/C. Steering wheel slides over to the center for easy exit. 390 cruise0matic 4v. Will smoke the tires as it shifts thru the gears. Been in the family since new, it was a Ford factory company car that my wifes sister drove until she had to turn it back in to be sent to a Ford dealer to be sold, she then bought it and used it until she gave it to me 20 years later. Actually I bought it from her but then she gave me my money back.. Spent it's life inside until now,but it's under a carport for now but will be back inside soon.
 
I was offered $20,000 for it 20 years ago by a Lincoln Mercury dealer, also had a Doctor write a check for $20,000 back then trying to get me to sell it to him but I just couldn't let go of it. It's worth twice that much or better now.
 
I wouldn't recommend it. I agree with the others in buying real estate, in areas that currently depressed but you can be reasonably certain they will rebound. Not Detroit slums although might consider a very good suburb. Jobs and retirees will continue to go south or to good weather. Probably a good time to buy that winter vacation home, but still be leary of buying any coastal property. That is my recommendation, but I'm buying gold and high priced farm ground.
 
What are your thoughts on high priced farm land? I am thinking that low priced residential property may be a better long term buy? I am to young to know the late seventies/early 80's, but have heard farm land went up, farmers thought it would never go down, and then it did.
josh
 
I had money in Mutual Funds at that time (NOT used for cash or income pure investment speculation) but I let it ride and it getting closer to what it was when it crashed. Had I withdrawn it then it would have only made 1 or 2% but here it is almost back now

John T
 
Land would be my consideration. I would not consider old tractors/equipment at all. Their rate of return is equilivent to a cd. I also wouldn"t consider old cars/trucks like some have mentioned. Those 50"s, 60"s & 70"s cars may take a nose dive in value when the baby boomers generation passes on. Most 45 year olds and down have no appeal in those cars. Also, there is no quick rich investment out there for most investors so it pays to be careful with what money we do have. As the old saying goes, "a bird in the hand is worth two in the bush".
 
Pretty much agree residental property will likely be the better buy, and if younger would seriously consider making an investment. But regardless of the potential returns I'm not going to hassle with home rentals primarily because it isn't financially necessary. If younger and required further capital appreciation it looks like a good avenue. I could take a hit on buying farm real estate at today's prices, but have enough already invested that unless I went crazy it wouldn't be such a painful blow. Believe significant inflation is on the horizon and much better to have hard assets rather than cash. Gold is OK but only an inflation hedge not for capital appreciation.
 
One thing MANY people overlook when thinking of investing is the elimination of existing debt.

Any interest you may be paying on credit cards, mortgage, car loans, etc, etc is probably high enough to make a reduction in that debt a very wise investment.

It's one of the few places you can actually guarantee a good return.

You may not have any debt at all - but figured I'd throw it out there as most people do.

Also consider hidden interest payments - like charges for making installment payments on auto and homeowners insurance etc etc. vs. paying them up front in total.

Again, not very exciting as an investment, but hard to beat the "return" on the investment.

A hidden bonus is that by paying these things down, you reduce the chance of missing a payment and being hit with late charges. For the average american, that alone can make it a good investment.

After you nail all your debt down - the next best investment (and one COULD argue this should actually be first) is to make sure you're maxed out on a company 401k plan if you work for a company that matches.

That's often a guaranteed 50% return or more - but many people just don't like to take advantage of it, worried about tying their money up till retirement. Ignore that concern - max it out.

If you don't have a 401k plan - consider an IRA. That gets into figuring income and tax brackets to establish how much sense it actually makes for you personally - but in most cases, you should be putting in the max allowed every year.

After that - if your goal is to pass money onto your family - definitely look into a good life insurance policy. It's a cold hard fact that everybody dies, and usually before they want to.

In most cases, it's a heck of a lot easier to pass on a million dollars to your family that way, than trying to build even half of that in the bank.

Once you get those loose ends tied down (and you may have already, I don't mean to presume you don't) - And you have a good safety cushion socked away in the bank for emergencies - only THEN should you consider doing something "more" with your money.
 
Actual tail - two Germans I have got to know were WWII babies. They came to the US and made a life are now 65 and 70 years of age and very fine people. One day she must have have been feeling good and said "you know what we are doing when we get some money ahead" we are buying gold. I did not say much, but wonder their thinking with gold at 900 bucks. What the heck did I know with gold now at 1600 bucks plus????????????????? They grew up with the destruction of war every day for years. Each to their own. This was last summer.
 
I agree about the hassle of renting. In my part of Pa, farm land is priced very low right now. For the past 10-15 years a large percentage of farm land sold was for development, and with that out of the picture, prices have come down drastically here. Maybe half of what they were 5 years ago. So, here I think farm land is a good investment, and would like to buy some more. I'd be nervous about that $12k land in iowa though.
Josh
 
Wilson,I have a friend that invests in Harpers Ferry civil war muskets,and he said its been the best investment he ever made.When internet buying became popular he decided someone needed to deliver the merchandice and he invested in UPS,FEDEX and ect,he has done very well

jimmy
 
Buy art.
Art, along with land, wheat, gold and in today's world oil, is one of the final arbiters of what has value. Maybe there's a mutual fund that does art.
Buy paper. It doesn't matter how bad the economy gets we're still gonna use paper. Lots of it.
I'm thinking Charmin, Kleenex or pulpwood in the Northern forests.
I don't see cast iron going down either except if it's in the form of tractors.
 
Im with you, low priced residential property. I do remember the 70s and 80s. In 180 days I watched land values cut in half, and in 2 years in half again. Took 20 years to recover back to par.....
 
I with you on gold. It looks to me that the DOW is closing in on its peak, maybe 13500. As I said below residential rentals look good, especially with low interest rates. You could pay half down and finance the rest. My personal bias is toward tax exempt municipal bonds. Almost as safe as a CD if you pick the right municipality and returns from 5-8 percent. Its not gang busters, but its steady and relatively safe.
 
Lately I have been trying to figure out where Kodak's future is heading . with their stock
down to 40 some cents a share if they can get back on track ,a fella could make a killing .I can remember when their stock was well above $50.00 a share.
 
But they may not be getting that figure they see in the Financial reports every night.Have to go through a buyer and that doesn't happen for 0.
 
Saw an article on Tv, where an Australian is down in Florida buying these reclaimed houses for a song , then renting out... very profitable,
 
Anything you can buy low and sell high! I have done it with original antique tractor / equipment JD operator manuals (averaged double my money/100% interest , old pull type and clutch lift type discs and field cultivators ( doubled my money or better on ea. 100% int. You have to keep your eyes ears and mind OPEN but there are a lot of things , especially with the internet , that you can make 100%$ on your money. OR , you can give it to some "investment agency" and let them make the 100% and give you less than 5%. In this day of extreme greed and uninforced laws , do not even think of putting your money in the hands of someone else and think they have YOUR interest in mind. Only YOU care obout your money , everyone else cares about GETTING your money!!!
 
My son wants to sell his 1969 XL500 convertible ,White /burgundy red interior and top ,,. i have owned a 68 MERCURY MarQUISconvertible since 1974 ,,, Both cars have the 429 engine
 
Been looking at this post for a while.I bought a lot of bar oil at 2.38 a gallon.its selling at 8.00 now.I would invest in food,shoes,clothes, ammo, new roofing, tools. welding supplies,new chain saw and spare parts.Vegetable seeds,firewood,hay.Money is near worthless, cant eat it.One fellow said, let them eat their paychecks and credit cards.Ive got a fat chicken in the oven of my wood fired cook stove.
 
(reply to post at 07:58:47 02/17/12)
Click to expand...

My investment adviser retired awhile back and she recommended me to this other fellow who is independent as opposed to a hot shot kid working for one of the big firms. So we met and went over how he operates. I was impressed so I turned it over to him, and he is making us much more money than we were. He doesn't buy any stocks, strictly funds made up of stocks and some made up of bonds and some in mutual funds.
 
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