We should park our units

That’s actually pretty confusing.

 

Do you know anything about investments or stocks, housing market or Automotive sales? You invest when the market is low, not when its high. You dont buy a car on the highest sales month! You buy a car when the dealers sales are down. With trucking if you see high rates, and you want in. But its a lo g term investmemt. You need to learn to survive in bad times too. When rates are up everyone buys a truck. Market is flooded and price drops. They go broke and The real pros keep on going for another cycle. Not telling you not to do it. Just giving advise.

 

I had a big post written to refute your statements, but out of respect to yourself and this thread I changed it. I understand what you’re saying, but we are on two different pages on what I am talking about.

 

Ok, Thank you and Good luck.

 

Oh, it will be crystal clear to you in no time.

 

Thanks tug toy, I know its hard to explain. But I was really meant well by explaining it that way.

 

It just doesn’t add up to me to go into the world of O/O when the “market” is bad. Makes no sense.

 

Im not exactly saying that, or to wait for it. But trucks are cheaper, trailers are cheaper. If you live like your broke and run it like a business you will do fine. But never forget that there will be a day that its not there. Stock market crash, housing bubble like 2008, one accident or lawsuit. The market is in a bull market, how high will it go, no one knows. But it always goes down. As my father always said "The only thing guaranteed in trucking is that it will change."

 

Well, my current company is talking about layoffs. I want to jump ship and start rolling on my own before I potentially get the axe. I’ve been working in the mining industry since I was 21, so I understand the good and bad times thing. I’m getting into a truck 25 years old with a used flatbed. Should have them paid for within 2 years. Plus I’m really cheap.

 

That right there should should be what's posted in everyone of these posts that say I want to buy a truck but I have know idea what I'm doing. It don't matter if you know how to drive or what kind of truck you buy. It matters if you know how to keep money in the bank. Operating capital.....your not entitled to a paycheck.....that's what comes AFTER you figure out how to make money and the business account is covered. Stuff breaks and you have a bad week. You don't get paid. Business 101. You don't have to take the class but you HAVE to know how it works.

You fellas that don't know how the market works educate yourself. A small investment at a young age will make your older years a whole lot easier.