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Profit from cattle?? Where is it?
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<blockquote data-quote="HerefordSire" data-source="post: 460448" data-attributes="member: 4437"><p>How does someone new win then or is it just hopeless.</p><p></p><p></p><p></p><p><em>I am new.</em></p><p><em></em></p><p><em>There is no need is risking anything unless you are willing to risk everything.</em></p><p><em></em></p><p><em>Don't invest a dime until you see the light (profit potential).</em></p><p><em></em></p><p><em>How many acres do you have to work with?</em></p><p><em></em></p><p><em>How much cash do you have to work with?</em></p><p><em></em></p><p><em>It takes just as much paperwork and studying to make $100K as it does $100 on one trade. Is is the same principal, just more on the line. Why trade $2K cows when you can trade $20K cows? To learn @ first, but then increase trade size over time.</em></p><p><em></em></p><p><em>Newbies, you and I, need leverage to compensate for lack of experience. There are several areas to obtain leverage. Let's say you had $1M to invest in cattle. The first couple of years or so, the leverage is in the cash flow through tax deductions so you can hide other income. This increases assets. Certain assets increase in value and some decrease in value. If you only purchase assets that increase in value during your income hiding tricks, you can borrow more money. This creates leverage because the percentage of your initial net worth relative to your buying power is reduced.</em></p></blockquote><p></p>
[QUOTE="HerefordSire, post: 460448, member: 4437"] How does someone new win then or is it just hopeless. [i]I am new. There is no need is risking anything unless you are willing to risk everything. Don't invest a dime until you see the light (profit potential). How many acres do you have to work with? How much cash do you have to work with? It takes just as much paperwork and studying to make $100K as it does $100 on one trade. Is is the same principal, just more on the line. Why trade $2K cows when you can trade $20K cows? To learn @ first, but then increase trade size over time. Newbies, you and I, need leverage to compensate for lack of experience. There are several areas to obtain leverage. Let's say you had $1M to invest in cattle. The first couple of years or so, the leverage is in the cash flow through tax deductions so you can hide other income. This increases assets. Certain assets increase in value and some decrease in value. If you only purchase assets that increase in value during your income hiding tricks, you can borrow more money. This creates leverage because the percentage of your initial net worth relative to your buying power is reduced.[/i] [/QUOTE]
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Profit from cattle?? Where is it?
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