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<blockquote data-quote="Warren Allison" data-source="post: 1742885" data-attributes="member: 40587"><p>Horses and cattle, I have always made a lot more money buying and selling, than fooling with breeding and raising. Well, I have stood 3 great stallions at stud in my life, and made money on them. But I never had but one foal out of a mare I owned born on my place, and I sold the pair when it was 5 days old. In any kind of trading...livestock, cars, art, whatever... your money is made or loss when you <em>buy</em>, not when you sell. You have to have the temperment for it, like you said, Lee. I LOVE dickering and haggling when I buy, and I LOVE using my salesman skills when I sell. The last 15 years or so, I already have a place for them to go...have them sold...before I ever buy cattle. Even better, is when I get asked to buy herds for people. These past 6 months I had a client that wanted 150 Braford or F1 Br x Her cows, and have me a budget of $1800 a head. I paid $2k for a few, and $2500 for a couple, but the bulk I bought at $1500 to $1250 or less. He gave me $270k to spend, and I spent about $225k. $45k profit (minus my time and fuel), for riding around, making phone calls, and time on the internet doing what I love to do... haggling!!</p></blockquote><p></p>
[QUOTE="Warren Allison, post: 1742885, member: 40587"] Horses and cattle, I have always made a lot more money buying and selling, than fooling with breeding and raising. Well, I have stood 3 great stallions at stud in my life, and made money on them. But I never had but one foal out of a mare I owned born on my place, and I sold the pair when it was 5 days old. In any kind of trading...livestock, cars, art, whatever... your money is made or loss when you [I]buy[/I], not when you sell. You have to have the temperment for it, like you said, Lee. I LOVE dickering and haggling when I buy, and I LOVE using my salesman skills when I sell. The last 15 years or so, I already have a place for them to go...have them sold...before I ever buy cattle. Even better, is when I get asked to buy herds for people. These past 6 months I had a client that wanted 150 Braford or F1 Br x Her cows, and have me a budget of $1800 a head. I paid $2k for a few, and $2500 for a couple, but the bulk I bought at $1500 to $1250 or less. He gave me $270k to spend, and I spent about $225k. $45k profit (minus my time and fuel), for riding around, making phone calls, and time on the internet doing what I love to do... haggling!! [/QUOTE]
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