Any ways to make additional income?

Discussion in 'Ask An Owner Operator' started by longhaulquest, Jul 23, 2021.

  1. scoobertdoo

    scoobertdoo Road Train Member

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    Yeah, except I can't agree on his international mutual fund advice. Those things are dogs.
     
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  3. feldsforever

    feldsforever Road Train Member

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    Buy a pre elog truck. And you do the math. Stay off drugs
     
  4. Accidental Trucker

    Accidental Trucker Road Train Member

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    Some are, some aren't. For example, I did over 50% annual return in my Vanguard International Growth Fund last year. Of course, it is lagging the market this year. Vanguard International Growth Inv (VWIGX) Quote | Morningstar, but this is the year for the value stocks, not growth stocks in general.

    The nice thing about International is that if further diversifies your risk. It's a big world out thee, and there's a few cherries to be picked, even though international generally has underperformed the US market in general. Of course, even if you only buy "domestic" stocks, you generally have a pretty significant exposure to foreign economic performance because such companies as GM and EXXON have a lot of overseas revenue.
     
  5. JoeyJunk

    JoeyJunk Road Train Member

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    @Ruthless

    Well, if you can’t figure something out I’d be more than willing to hold on to that investment for you. I’m in PA so I’m not far away. You can come visit that investment anytime. I don’t mind doing this at all. We are fellow truckers and TTR members. This is what we do for each other.
     
  6. ProfessionalNoticer

    ProfessionalNoticer Road Train Member

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    Reduce your taxable income by purchasing equipment to do mobile repairs. Can do plenty of side work just at scale houses alone. Easy crap like brake work gets company trucks OOS regularly. You'll reduce your tax burden for the trucking company while simultaneously grow a side business that can generate cash in your pocket.
     
  7. AModelCat

    AModelCat Road Train Member

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    Condos are a crap investment these days (at least they are here anyways). My last year of condo ownership the insurance rates spiked 500%, leading to strata fees doubling. I cut my losses and dumped it. Not even worth renting it out with management fees being what they are.
     
  8. MTN Boomer

    MTN Boomer Road Train Member

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    I don't see them very often, However a few days ago, 1 was trying to sell me on doing my wheels. I pointed out a 12 axel pulling in. He got the job.If he got what he said. you will do very well.
     
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