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 02-29-2008, 19:02 Post: 151790
hardwood

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 Do Any of You Invest in Stocks and Bonds

I think a lot of you on TP are like me and have always been self employed, so we had to take care of our own health insurance, retirement plans, etc. A broker I knew a long time ago always said the your split between high and low risk investments should match your age, ( 40 yr. old = 40% in low risk/60% high risk, 60 yrs. old = 60% low risk/40% high risk, etc. Health insurance for the self employed is almost out of reach cost wise for lots of the self employed anynmore. This is the main reason that almost all the younger generation farm wives hold a job off the farm anymore, not so much for the wages, but the health insurance benefits for the family. Guess I kinda wandered off the topic a bit. So Dennis if you want to put a bit of a thrill in your daily routine just buy a few soybean futures contracts, it don't take a lot of money to get in, and in the last few weeks you could have bought a new Lincoln every week off the gains, but you could also be paying for someone elses new Lincolns with what they call "Margin Calls", when the board goes against you. "Margin Calls" means you send them a check right now, not next week for whatever the market lost per bushel that day times however many bushels you were playing with. Not for the faint of heart. Frank.






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 02-29-2008, 20:57 Post: 151792
hardwood

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 Do Any of You Invest in Stocks and Bonds

Yes Dennis I do know something about soybeans, they are round and they are yellow. When it comes to soybean or any other commodity futures trading, ANYBODY, including me that tells you they have it figured out how to cash in with futures contracts is either an idiot or just flat out lying. Money can be and is made trading futures, but for every dollar made a dollar is lost plus commission. Better stock up on double strength Maylox before you dive in. Frank.






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