Owner Operators Savings & Retirement

The problem with gold is that it does not compound. It just sits, more or less maintaining the same value (outside of speculative ebbs & flows).

If you buy a company (or a piece of a company via stocks), your money goes to work. Warren Buffett likens it to rolling a snowball down a hill: you started with a small ball, but in time it grew large on its own.

Consider if your forefather bought an ounce of gold in 1776 and passed it down from generation to generation. You'd have an ounce of gold -- cool! But if he'd taken that same $20 and purchased a small stake in Lorillard, you'd be a multi-millionaire. Such is the nature of compounding...

And while not quite Apocalyptic, Lorillard has survived 3 revolutions thus far: from British colonial rule to the United States, then to the Confederate States, & finally back to the United States.

 

Not sure if that's a stock tip or just an example double yellow, but vaping and ecigs are cutting an increasingly large share of the market from big tobacco. Lorillard makes ecigs but they are junk. For long term I would rather have tech and Tcom than tobacco just my opinion.

 

I would agree about gold. It's been all over the place on price and way back in 2002 it was at $280 oz.
so yes it's had a run up because of our fearless leaders Messrs. Bush and Obama. spending like drunken sailors. But as a true investment, you are far better off investing in a few great companies.
You really don't need many to hit a home run. You just have to do your homework.
Im glad I don't smoke too. But those ecigs intrigue me.

 

I haven't read all the replies but if you hope to hire a driver, IMO you should be paying yourself a good driver wage right now. That will solve your retirement problem and your future search for a driver. Also, you should be still making enough business profit to make it worth while to pay a driver.

If you can't do both of those things then you have only bought a job.

 

WTF is that a sound system?

Dude.....put down the pipe LOL.

 

Regulations for vaping will strangle it just like tobacco and everything else. I quit smoking on 12-10-12 and have been vaping ever since. About to quit that. Already down to .5mg of nicotine hardly any at all. It's a great stop smoking aid. If one wants to stop.

 

It's a zna lite, and kayfun lite with SOV glass kit.