Home Forums Hunting & Shooting Hunter's Campfire 401K or cows

I have a little money in an un secured account with JP MORGAN it has made about $1500 in the last few months. To me that is two calves. I think I need to turn that worthless paper into cows. What is your tale on this?

You never touch your 401K unless its after you've retired. Everyone I know that has never put the money back. Then when retirement time came they were flat on their ass and still working.

Cow farts are destroying Mother Earth, but then again so are you rich folk with your vulture capitalism. >grins<

I'd get way more satisfaction out of a pair of heifers.

Cows are vile, filthy creatures. At least you don't have to watch your 401k pee in the water hole while it is drinking out of it.

Get the cows. I wouldn't keep anything with JPM, one of the biggest crooks on Wall Street. If you want to keep the paper, get it to a credit union or smaller bank with a decent reputation, such as EverBank.

www.everbank.com

If you have some acreage, get the heifers.

The value of stocks is teetering on the brink.

Not so with the value of STOCK. Everybody has to eat; when the grass turns into beef, you can eat it with a smile. . . . . versus eating your paper losses and getting a little sick.

I am wondering how folks who are trapped in cities will have enough cash to buy enough food. The Bismark years are not so long ago.

My money is in cattle, but you better hurry while $1500 will still buy a couple of featherweight heifers.

I'M lookin' to grt about 40 head first or 2nd calf brangus or tiger stripe. Hay is going to be short from the looks of it unless you want wheat straw. There is always somethin'. I figure 40 hd would net me around $20,000 at least. Thats a lot more than it's making now.

They won't have to worry about having enough cash.......they're gonna have to deal with the problem of not having any food on the grocery shelves. Today's generation have never been to the store and found the empty shelves and they think it will always be so......tain't so.

my thinking is assets of real worth are going to be better than paper money in the coming years.......

If you already have the acreage with good fences, a tractor, trailer, truck, working pens, etc. and about $70,000 (to buy the 40 head of brangus/braford) and the spare time...They could net about $20,000. There is money to be made with cattle, but it's a little more work than letting it sit in an investment account.

Cows

Now is NOT the time to buy cattle.

Gunner

I would invest in cattle. If they ended up losing money in the end at least you could eat them.

Shoot, even the poorest cut of beef, prepared by the worst cook (I'm in the running for that title), is easily more palatable than some ol' piece of paper.

*wonder if Beano (anti-fart medicine) would save the planet from the bovines?*

Get cows. You will have food if nothing else

Those cows will cost you more than $1,500. First, you'll have to pay tax on that distribution from your 401K. Next, you're going to pay 10% of your withdraw in IRS penalties. In the end, those cows will cost you 25-30% more than the price you pay. Since when can you sell cows for that much more?

I'd hate to be buying more cows at today's prices. I've seen good quality bred Angus heifers bring upwards of 2K lately. I keep thinking it might be a good time to sell some of my older gals and buy some younger stock, likely won't.

Watching them baby calves chasing each other through the pasture at dusk has got to be more enjoyable than watching a 401K lose value every time another Euro state goes under.

Now lets not go throwing cold water all over a guy's dream of finally being able to, for once in his life, be a real honest to goodness COWBOY.

He's going to have to pay the taxes anyway, and 10% is a small price to pay for control of his own money, meaning outside the .gov system, and unable to be nationalized.