Posted by LAA on January 01, 2015 at 05:42:04 from (86.51.147.113):
In Reply to: Investments 2014 posted by MarkB_MI on January 01, 2015 at 04:46:41:
Difference between a winning and losing strategy also comes down to what was actually converted to cash and how much gain was left after taxes. 2014 was the best year I ever had in the cattle business, all classes of cattle made money, and large percentage gains, but those profits would have been largely eaten up in taxes had I not spent that money and more on infrastructure and facility improvements on my places. I don't worry very much about my IRA and 401K accounts because as long as the world population continues to grow and there is not an actual recession/depression the stock market will gain at least modestly almost by default, timing when to get out of the market before retirement is what a person has to plan for. I have heard those paper profits are not very tasty between two slices of whole wheat.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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