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07-27-2017, 10:02 PM | #1186 | |
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It's pretty easy to get into cows. All the lots around here are typically customer owned. Most of them will get the cows bought for you and then feed them out for you. It's pretty common. But it carries some risk. There are opportunities for HUGE losses. A few years ago, I hauled some corn into a feedlot and asked the ops manager how things were going. He said, "Well, our guys went from losing $500/head to $300/head and they think that is pretty alright." And this is like a 35,000 head lot All I could think to say was they have a different banker than I have. There are different things you can do to minimize the risk. You can hedge on the board corn, feeders and fats. That way your only risk is death loss or degraded gain rates. Typically there is little to no profit to be had by hedging all of your components. Like I said, a month ago you could hedge in a profit, but it won't be the giant ass gains that you always hear about. Like I said before, I wouldn't do it with any money you ever intend to see again, but there can be money made with them. All that being said, I've never done it. Dad has a few times, but I have not. If you want the number to any local feedlots, let me know. I can get you guys that know what the hell they're doing and can explain the process better than I can. Or you can talk to ghak and buy a couple head to get your feet wet. But understand that there can be massive losses. |
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07-28-2017, 09:11 AM | #1187 | |
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07-28-2017, 09:21 AM | #1188 | |
In BB I trust
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Quote:
But I would definitely get educated about something before putting any money into it, unless again, you're investing in people that you seriously know/like/trust/respect.
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07-28-2017, 11:17 AM | #1189 | |
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07-28-2017, 11:15 PM | #1190 | |
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Location: Scott City KS
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Quote:
What farmers have is multiperil crop insurance and essentially what that is insuring a revenue stream from a planted crop based on prior production. It's pretty easy to do actuarial stuff with yield. It is far more difficult to insure against death loss. It would probably have to be on each individual animal like a vehicle or something, and that would be problematic. There is some money available in the USDA budget for Livestock disaster programs, but I don't know much about them and I have no idea how they would pay on a custom feeding job. ghak is probably better suited to answer most of this than I am. |
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07-30-2017, 09:45 PM | #1191 | |
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While you're still learning the lingo I'll keep explaining things, let us know if something is unclear, there are no dumb questions when it comes to investing. |
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07-31-2017, 07:15 PM | #1192 |
Mod Team
Join Date: Sep 2011
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Looking at finally getting some Marijuana exposure.
Horizons Medical Marijuana Life Sciences ETF seems like the best best for exposure, without having to take on an individual company in a sector that has and will have a lot of players. Canopy Growth probably tops the company list, but with it's large market cap (1.2B) but small revenue (20M), the smart investor in me says there's a risky PE ratio (near 80) to be playing with at this time. Marijuana is going to go recreational in Canada sometime in 2018 I think, so wanting to get in now. Any of you have exposure in this sector? http://www.marketwatch.com/story/hor...mmj-2017-06-08
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07-31-2017, 11:16 PM | #1193 | |
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My question is if these restrictions pertain to equity stakes to the companies, especially in jurisdictions where marijuana is still very illegal. Anyone have any insight to this? |
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08-01-2017, 11:58 AM | #1194 | |
Woman should only make babies
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Quote:
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08-01-2017, 07:26 PM | #1195 | |
TACO SALAD
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I think Id rather pick myself at those levels. Maybe look at Motif? I'm sure they have all sorts of marijuana motifs with 20-30 stocks. If you don't love any, you can create your own |
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08-01-2017, 07:42 PM | #1196 | |
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Care to explain Motif a little more? I vaguely know the term but don't want to have to open another account to invest in them.
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08-01-2017, 08:08 PM | #1197 |
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I've never invested with them but it seems to be a neat way to make a mini-etf that yourself or others can buy.
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08-01-2017, 10:46 PM | #1198 |
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I would all but guarantee scotts isn't providing the fertilizer for weed unless they have seriously bamboozled some execs. There is waaaaaaay cheaper fertilizers out there. Unless Scott's is something different.
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08-01-2017, 10:48 PM | #1199 |
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Anecdotal story. With the exception of 1 investment I've made in the past 3 years, I wish I would have only invested in S&P indexed stuff. With some of my "blow money" I've taken gambles on an oil exploration and refining etf (VDE), as well as a couple of up and coming tech stocks. The oil etf has been down basically since I've bought it. I console myself knowing that since it's a pretty high dividend paying fund and I'm reinvesting dividends, I'm improving my cost basis. And my horizon is still 30 years out, so I'm in no hurry. But I sure wish it would be performing better. As far as the tech stocks, they don't pay dividends, as they are still trying to make a profit, and they very well may be very good investments in time. Just a ways to go yet.
But I'm comparing them to the indexed funds I've bought over the same period and they are looking terrible. I pride myself with trying to keep my overall performance above that of the overall s&P. Right now overall it is pretty much exactly matched. I know I just need to be patient. I have no intention to sell any of this stuff, as it still has great potential. I'm just complaining that it doesn't churn out 15+% every year like clockwork. Unreasonable? Yes. Still gonna complain though. |
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08-02-2017, 01:05 AM | #1200 | |
Woman should only make babies
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Quote:
you have to have a balance of fun and some good investments. If all I did was the solid stuff I would be bored as ****. You are getting some entertainment checking everday like fantasy football.
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