Home Forums Hunting & Shooting Hunter's Campfire Financially... where will you be in 6 months? 1 year?

Ask again in two months...

In six months, right here eating veggies from the garden out of the freezer and deer meat. In a year, same thing, but the veggies will be fresh and the deer meat frozen.

Depends on how long my wife can stand me.

I quit working the day obuma won.


My son works at Google. He says he can get you $500k/year if you have a PhD in comp sci mechanical learning.

Maybe I could learn that stuff.

is that something I can learn on the job?

The farms will continue to produce an income flow, assuming that there is a market for all of those bushels of beans and corn.

The taxes and fees for the resort condos are covered for 2020, but if the ski areas at Breckenridge and Copper Mountain don't open before Christmas and if people are reluctant to travel by air those expenses will have to start coming out of our reserves in 2021. I'm not drawing my management fees, so I can't buy or do the stuff that I normally would, and that kinda sucks.

I feel bad for people in the service industry in resort areas; the waiters/waitresses, the store clerks, the rafting and fishing guides, and the cleaning crews just to mention a few. We have continued to pay our cleaning contractor for work that isn't being done so that he can pay his crews, but if we have to dip into the reserves we're not going to continue to pay a contractor to do work that isn't being done.

My oldest daughter's seasonal employment at Mesa Verde National Parks was cancelled, so she has been living with us and that is not something that I want to continue to go on any longer than necessary.

I think you're right in that assessment

I don't know. Probably a little better off than I am now. I'm looking for another rental property that will provide a bit of a supplement to our monthly income and also provide my wife with a place to live once I exit the scene. She's not going to want to try to keep this place going by herself and I don't think moving back into our house in Lexington is a good idea. So I've got to find her a place here that she can downsize into when she retires.

Same as now.

Can we come and live with you?? 😂😂

+1 If Trump wins I will be better off. If Biden wins, then I expect a 20% decrease in my net worth.

Service industries peaked when people were forced to stay home initially. Honey-do lists were getting hammered out by the boat loads and contractors were very busy. As time goes on, things are beginning to slow, and my fear is if this crap doesn't get back to normal going into fall and winter that people will really start to roll back spending on home improvement, which is a large segment of the economy.

Times are uncertain.

Depends on whether the Republicans win the elections or if the DemocRATS steal them. My lifestyle, if you want to call it that, won't change either way; but my net worth will.

No worries here. Thankfully.

Low interests rates, lots of refi’s going on, lots of home building going on.

Toll Brothers has a considerable backlog of high end home building on their books as has been reflected in their stock price.

My son in law and his Dad are Custom Home Builders with a two year backlog.

Some folks out there are looking forwards and not backwards.

This

I’m parked in cash, that’s cost me 5% so far with the drop in the US dollar and I think there is another 5%-7% downside to go.

My investment ideas are gold and Tesla puts. I did bid on a bank owned fixer house, only one in the area so there are 20 people like me that will bid it to almost no profit.


Most real estate and stocks are overheated. 1929, 1999, 2007 were the last time PE hit these levels. I have plenty of cash to last a long time, but it may not be worth much in the near future.

My ideal piece of rental property is a brick 3/2 ranch with a one car attached garage, about 1350 sq ft. They can be had around here for about $180K but you need to be there when they get put on the market. They're gone in 2 or 3 days.

If I had one for sale around here right now I'd up the price $40K over what they're going for. They'll be $40K more in 18 months from now.

The market is crazy around here.

True.

And for much more than just short sighted financial issues.

If Biden wins I am retiring and moving to the Bush!