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If you had over $100k?

Discussion in 'Ask An Owner Operator' started by Rich_Trucking, Aug 8, 2013.

Page 1 of 5
  1. Aug 8, 2013 #1
    Rich_Trucking

    Rich_Trucking Light Load Member

    248
    21
    Dec 11, 2012
    0
    Hello if you had a considerable amount of liquid cash available to you, how would you invest it?

    would you start up a small fleet? Reasons why?

    What would you do with it?


    Thanks
    looking for some serious responses.
     
    Rich_Trucking, Aug 8, 2013
    Rich_Trucking, Aug 8, 2013
    #1
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  3. Aug 8, 2013 #2
    chalupa

    chalupa Road Train Member

    3,757
    1,643
    Jul 22, 2010
    Houston,Texas
    0
    No on the fleet.....poor returns.

    I'd buy 2nd tier used car paper OR start factoring invoices OR flip houses / REITS.

    JMO
     
    chalupa, Aug 8, 2013
    chalupa, Aug 8, 2013
    #2
  4. Aug 8, 2013 #3
    MJ1657

    MJ1657 Road Train Member

    7,521
    50,152
    Jan 28, 2012
    Isanti, MN
    0
    Minimum of $75k in my retirement acct.
     
    MJ1657, Aug 8, 2013
    MJ1657, Aug 8, 2013
    #3
  5. Aug 8, 2013 #4
    Lilbit

    Lilbit Road Train Member

    16,583
    12,233
    Aug 4, 2008
    Let me check my logbook
    0
    Drop some into savings/investment, and start a graphic design biz.
     
    Lilbit, Aug 8, 2013
    Lilbit, Aug 8, 2013
    #4
  7. Aug 8, 2013 #5
    snowwy

    snowwy Road Train Member

    20,591
    13,311
    Jul 6, 2009
    0
    75k won't be enough for retirement. but if you put it away at the age of 20. you just might have that 2 million needed.
     
    snowwy, Aug 8, 2013
    snowwy, Aug 8, 2013
    #5
  8. Aug 8, 2013 #6
    albhb3

    albhb3 Medium Load Member

    596
    279
    Nov 3, 2009
    0
    strippers and blow nuff said
     
    albhb3, Aug 8, 2013
    albhb3, Aug 8, 2013
    #6
    wore out, DrtyDiesel, Lone Ranger 13 and 5 others Thank this.
  9. Aug 8, 2013 #7
    Puppage

    Puppage Road Train Member

    4,266
    7,381
    Aug 2, 2012
    Connecticut
    0
    Haha! It's the eighties all over again. Lmao
     
    Puppage, Aug 8, 2013
    Puppage, Aug 8, 2013
    #7
    Sly Fox and chalupa Thank this.
  10. Aug 8, 2013 #8
    Bumpy

    Bumpy Road Train Member

    6,532
    5,260
    Jan 27, 2009
    New Ulm,MN
    0
    I would drink and smoke it all up...Hey!! Bein honest heah!! :biggrin_255::biggrin_2559:
     
    Bumpy, Aug 8, 2013
    Bumpy, Aug 8, 2013
    #8
  11. Aug 8, 2013 #9
    camaro68

    camaro68 Medium Load Member

    627
    290
    Dec 17, 2011
    Tennessee
    0
    I would build storage units. Include reserved parking for rv's, semi's, boats....etc. Near good size towns like Murfreesboro,Tn, Cookeville,Tn. Towns close to the interstate. Have a secure lot with card access only and lots of cameras.
     
    camaro68, Aug 8, 2013
    camaro68, Aug 8, 2013
    #9
    Charli Girl and FLATBED Thank this.
  12. Aug 8, 2013 #10
    Lucar

    Lucar Road Train Member

    1,396
    891
    Aug 22, 2012
    Texas
    0
    buy 2 - 50k trucks (cash will allow you to really spec what you're getting/fuel savers)
    hire 2 drivers
    lease the trucks to a reputable company
    stay home and get a local job
    check the trucks meticulously every time they're in town, be on top of the business.

    I've come to calculate a profit of at least $500 weekly per truck after everything is deducted.
    take away truck payment since the trucks are paid off.
    expenses include savings account, tires, plates, and the rest..
     
    Lucar, Aug 8, 2013
    Lucar, Aug 8, 2013
    #10
    luvtotruck Thanks this.
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