Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Non-Cattle Specific Topics
Coffee Shop
General Motors
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="HerefordSire" data-source="post: 666124" data-attributes="member: 4437"><p><em>I would think paying off your house could be more valuable than anything you could make not because of the dollar difference, but for psychological reasons (or in case of a depression), provided you have six months of emergency cash. In my experience, the higher the risk, the higher the return. There is no free lunch. However, there is a market perception of specfic risk and the reality of a specific risk. If you are trying to increase market share, for example, smaller profit margins can be justified. Sometimgs, higher volume is necessary to keep the profit the same or just to stay in business. Short term losses are not necessarily bad as long as you are moving your product. It sounds like you are thinking about everything wisely and appropriately. Starting a business and staying in business is so difficult even if the enviroment is good (mainly because of capital requirements). However, as you mentioned, being too conservative can result in the same outcome. We are being forced to invest and take on higher than average risk just to exceeed currency debasement and inflation.</em></p></blockquote><p></p>
[QUOTE="HerefordSire, post: 666124, member: 4437"] [i]I would think paying off your house could be more valuable than anything you could make not because of the dollar difference, but for psychological reasons (or in case of a depression), provided you have six months of emergency cash. In my experience, the higher the risk, the higher the return. There is no free lunch. However, there is a market perception of specfic risk and the reality of a specific risk. If you are trying to increase market share, for example, smaller profit margins can be justified. Sometimgs, higher volume is necessary to keep the profit the same or just to stay in business. Short term losses are not necessarily bad as long as you are moving your product. It sounds like you are thinking about everything wisely and appropriately. Starting a business and staying in business is so difficult even if the enviroment is good (mainly because of capital requirements). However, as you mentioned, being too conservative can result in the same outcome. We are being forced to invest and take on higher than average risk just to exceeed currency debasement and inflation.[/i] [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Non-Cattle Specific Topics
Coffee Shop
General Motors
Top