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<blockquote data-quote="Brute 23" data-source="post: 1397897" data-attributes="member: 6291"><p>I agree. There are always deals to be had no matter if the market is up or down. Start a savings account and throw a little cash in it here and there as you can and cherry pick cattle here and there as you can afford them.</p><p></p><p><strong>DO NOT BORROW FROM YOUR 401K FOR ANY REASON.</strong> If you were to be laid off that amount would become due, in full, with in 60 days. If you can not pay it back you will pay your tax bracket plus 10% in penalties on that money. That is higher than a pay day loan or credit card interest rate. If you must borrow go down to a credit union or small bank.</p></blockquote><p></p>
[QUOTE="Brute 23, post: 1397897, member: 6291"] I agree. There are always deals to be had no matter if the market is up or down. Start a savings account and throw a little cash in it here and there as you can and cherry pick cattle here and there as you can afford them. [b]DO NOT BORROW FROM YOUR 401K FOR ANY REASON.[/b] If you were to be laid off that amount would become due, in full, with in 60 days. If you can not pay it back you will pay your tax bracket plus 10% in penalties on that money. That is higher than a pay day loan or credit card interest rate. If you must borrow go down to a credit union or small bank. [/QUOTE]
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