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Cash flow
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<blockquote data-quote="Brute 23" data-source="post: 1426939" data-attributes="member: 6291"><p>This business requires a lot of capital and there is always some thing that needs to be purchased, fixed, upgraded, etc. Even if you have extra cash it needs to go to savings account because you will need it eventually. You never know when a 5 year drought will hit, two bulls will get hurt fighting, a fence along a highway gets destroyed, a new lease place comes open.... the list goes on and on.</p><p></p><p>IMO the only way you make it in this game is having a big cash pile to sit on for rainy days and to capitalize on good buys. Money is made on the buy and you have to have cash on hand to do that.</p><p></p><p>Cattle are not a very big cash flow game... especially if you want to put that cash in your pocket. Its more of an asset accrual game... like buying stock IMO. People will always reference these certain points in time when they made X amount of cash on whatever they were doing but that tells us nothing. We all know you have to take an average over time have any indication what what is going on... like stocks.</p></blockquote><p></p>
[QUOTE="Brute 23, post: 1426939, member: 6291"] This business requires a lot of capital and there is always some thing that needs to be purchased, fixed, upgraded, etc. Even if you have extra cash it needs to go to savings account because you will need it eventually. You never know when a 5 year drought will hit, two bulls will get hurt fighting, a fence along a highway gets destroyed, a new lease place comes open.... the list goes on and on. IMO the only way you make it in this game is having a big cash pile to sit on for rainy days and to capitalize on good buys. Money is made on the buy and you have to have cash on hand to do that. Cattle are not a very big cash flow game... especially if you want to put that cash in your pocket. Its more of an asset accrual game... like buying stock IMO. People will always reference these certain points in time when they made X amount of cash on whatever they were doing but that tells us nothing. We all know you have to take an average over time have any indication what what is going on... like stocks. [/QUOTE]
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