I Want to Start an LLC and Buy a New Truck, but...

Hi Everyone!

I really have enjoyed the information I have read here, but I wanted to present my own situation and openly accept any advice or information you may offer.

I'm not a trucker (and I've never even been inside of a rig). I am always amazed by the trucking industry, however. And, since I have a little money saved up, I would like to invest in creating an LLC company and buying a (new) truck.

My goal would be to get an CDL, but not to drive the trucks myself (actually I'm terrified of those big trucks). So, I'd like to hire a team (2 persons - husband/wife or 2 friends etc.) to keep the truck on the road as much as possible . Is this still a viable option? Are the risks too great ?

 

Wow, this seems so wild because all I see is opportunity for money. I had downloaded a Load Board App and it looked a very different picture of the economic benefits of getting into trucking business.
















This is just for 1 week of work..... it looks deliciously attractive! So, I think you guys are right. There's so much I don't know that this $15,800 would be gone in no time!

 

Yes, someone told me this before. I've heard it's mostly because a lot of truckers don't really understand the business side of things, as the skillset for that side is not required for being a good driver!

Stock Market ??? Run!!!!!! It's doing good these days, but you never know when something will happen. TESLA stocks tumbled out of nowhere just a few days ago! Tech stocks are going to hell soon because of this whole privacy conversation. Defense spending will slow down significantly when Trump gets out of office in 2020 (it's inevitable...I'm republican but there has not been even a single day of peace since he's entered the Oval).

Typical investment return: 8-10% is generous. I'm sad to hear that investing in the trucking industry would represent even lower annual returns.

 

@jammer910Z - Thank you for responding. I just have a O/O question for you. When did you first drive a big rig? Did you have any trepidation and were you afraid that, for example, you might hurt someone if a car in front of you stops short or you may have to swerve to avoid some hazard? And, if so, how did you overcome those fears? I have a great job and I'm off around 3months per year. I think it would be great if I could hop in a truck and just drive while I'm off - just to see how things go. I'll get my CDLs.