I confess to doing that as a part-time-job/hobby.
I watch my stocks every weekday. If I do not, they are just fine.
And I actually made a trade a few days ago... for the first time in years
.Yes, the gun still works.
Last edited:
Jobs you can do from or on Your Homestead
- Thread starter Caribou
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I watch my stocks every weekday. If I do not, they are just fine.
And I actually made a trade a few days ago... for the first time in years
.Yes, the gun still works.
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The only thing that I need for selling cattle here is a brand inspection, if they are being sent to the auction yard. Most private party sales never ask for a brand inspection. Very simple process.
You've probably already heard it, but for the benefit of anyone else "beware the false promise of short term investing or day trading"
You're not investing. You're gambling. After you have read about a hundred books about investing, you'll conclude that it takes time to work. Get rich quick schemes only work for the people selling you that idea.
Investing is learning to identify value, quantify value, and apply that to mistakes in the current price that create value. Few people comprehend value. Value is typically accepted as the price to earnings ratio. That is heavily influenced by analysts earnings per share expectations. They are often wrong. And true value is diminished by perceptions.
But the first thing you should ask in today's circumstances is how much debt? And then you should question the accounting reported. We are living in highly fraudulent times. And efficient market theory is such that mistakes are not all that common. It takes time for the market to react to value. Finding mistakes in the market and then waiting for the market to realize and correct is a slow progress. Or you can invest in production, companies that make money with manufacturing and service. That often takes years, not days.
You're not investing. You're gambling. After you have read about a hundred books about investing, you'll conclude that it takes time to work. Get rich quick schemes only work for the people selling you that idea.
Investing is learning to identify value, quantify value, and apply that to mistakes in the current price that create value. Few people comprehend value. Value is typically accepted as the price to earnings ratio. That is heavily influenced by analysts earnings per share expectations. They are often wrong. And true value is diminished by perceptions.
But the first thing you should ask in today's circumstances is how much debt? And then you should question the accounting reported. We are living in highly fraudulent times. And efficient market theory is such that mistakes are not all that common. It takes time for the market to react to value. Finding mistakes in the market and then waiting for the market to realize and correct is a slow progress. Or you can invest in production, companies that make money with manufacturing and service. That often takes years, not days.
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I knew someone who spent his days doing the online investment. I'll never forget the day back in 2008 that he lost $200,000. He wanted to teach me how to play the market. No thank you!
You most definitely are not investing. Often times you will only be in a trade for less than an hour. They call it Day Trading because you are almost always out of a trade by the end of the day you started it (although some strategies may go for longer periods). And you are not looking at long term growth of something you get into. As a matter of fact, you may be looking for a decline, and your analysis that it will drop is your motivation for getting into it.
If you don't know what you're doing, you are most certainly gambling. But unlike gambling, your future is not controlled by good or bad luck (unless you don't know what you're doing). In gambling, you will get thrown out of the casino for doing things that increase your odds. Like counting cards. But in Day Trading, you are "counting the cards" from every angle imaginable. You are analyzing, graphing, measuring and doing things that would have you rapidly escorted out of any casino. Because they certainly don't want you increasing your odds.
This is true for Investing. But not so for Day Trading. Day Trading is the opposite of investing. Just because both things can be done on the stock market does not mean that they are related, or have anywhere near the same strategies or techniques. The techniques for Day Trading are much more complex than those for Investing. You need to take the time to learn this before you get into Day Trading.
Probably true for get rich quick schemes. Not so for Day Trading. You can definitely lose your shirt if you go into it without being knowledgeable and prepared. But it won't be the people that introduced you to Day Trading that profit from that, in contrast to get rich schemes where others are trying to sucker you in.
FWIW, I have made a LOT more money investing than trading. Investing can still be lucrative even if you don't know what you are doing - just hire a good investment advisor or funds manager. Many people are doing well enough in their 401K plans just by selecting "default" as their investment option. That's it. Like a Point-n-Shoot camera set to "auto" - you get pictures on that setting, and most people are very happy about that. Not so for Day Trading. It's you and only you. That's why it is not for everyone. I would never try to convince someone to try Day Trading who was initially strongly against it. The chances are super high that they would probably fail miserably. FarmOR, you are one such person. Take no offense by that. It sounds like you have found your niche in making money, and moving away from that - in any direction - probably would not work. This is the case for most people actually. Day Trading is not sold as a get rich scheme. But some people go into it thinking that is exactly what they are (intentionally) chasing after. Those people tend to show up in the "don't do this" examples in reputable Day Trading classes.
And that would be perfectly acceptable, and expected, if on other days he made $300,000. However, if he had been in the zone where he was winning/losing amounts in the $10k range daily, then losing $200k in one day indicates he had no clue what he is doing. No clue at all. Zero.
An excellent Day Trader has about 20% of their trades making money and the other 80% losing money. That sounds like a losing proposition to those who don't understand Day Trading. But what if you structure your trades to end (and collect profit) at 3x their initial value, and also to end (and cut your loses) if they lose 0.5x of their value? You can afford to lose more trades (counted numerically) than you win, but still make money. The "cut your losses" part is known as "setting stoppers". And it is the first thing you do when planning an order.
Say your friend made $100k on Mon, lost $200k on Tue, lost $150k on Wed, made $350k on Thur, and broke dead even on Fri. Would you call that a good week, or a bad week?
Now, if your friend went bankrupt on that Tues because he didn't have the funds to cover what he lost so he could continue on for the rest of the week, he needs to learn more about "setting stoppers" and "trading responsible amounts". Actually, if he lost that amount of money in one day and that stopped him from continuing, he doesn't need to learn more about Day Trading. He needs to stay far, far away from it. He doesn't have any comprehension of what he is doing (maybe he was treating it like a get rich scheme?)
Ditto that!
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I remember 2008 very well. When everyone else was selling I was buying everything I could. It made for some fantastic buying opportunities. Buy low, sell high.
That $200,000 "loss" was only on paper, unless he sold. Had he have kept it invested that 200k would have grown several times that.
Investing in the markets are for the long term. It's been great for us.
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A friend lost $150,000.00 in a month, as stock went down.
No problem, if he was not retiring that same year, but he did, so it was a lost.
He made $356,000 on the total investment, so he came out ahead.
No problem, if he was not retiring that same year, but he did, so it was a lost.
He made $356,000 on the total investment, so he came out ahead.
Unrelated maybe? But I've found a natural passion for looking at investment in things that really annoy you. Think about that? It's worked for me.
My recent topic of annoyance is the political accelerated destruction of the world's currently preferred currency. My somewhat informed opinion about this subject infuriates me that personal gain is being realized from a corrupt abuse of power. But part of that frustration is the ultimate realization that I can't do a thing about it, except complain? That gives me energy to plot and ponder.
Who's gonna benefit and how can I join their party? Once again, it's my imperfect informed opinion that the BRICS+ nations are going to be the winners, at least initially. Longer term, I expect they will run into some extreme difficulty, just weighing the known history of the leading players. But in the next 3-10 years, I expect them to really benefit from the change. How can I turn this annoyance into my benefit? My initial inclination is investing in the vanguard etf VWO. It's emerging market fund of 5000+ companies poised to benefit the most and currently selling at about 10 x earnings...
When the majority of my peers are feeling the pain from the immediate repercussions of the loss of beneficial practices of owning the world's preferred currency, and dumb politicians still doing what they have always done - spending like drunken sailors on shore leave. I can visit how my investment in BRICS+ is doing?
My recent topic of annoyance is the political accelerated destruction of the world's currently preferred currency. My somewhat informed opinion about this subject infuriates me that personal gain is being realized from a corrupt abuse of power. But part of that frustration is the ultimate realization that I can't do a thing about it, except complain? That gives me energy to plot and ponder.
Who's gonna benefit and how can I join their party? Once again, it's my imperfect informed opinion that the BRICS+ nations are going to be the winners, at least initially. Longer term, I expect they will run into some extreme difficulty, just weighing the known history of the leading players. But in the next 3-10 years, I expect them to really benefit from the change. How can I turn this annoyance into my benefit? My initial inclination is investing in the vanguard etf VWO. It's emerging market fund of 5000+ companies poised to benefit the most and currently selling at about 10 x earnings...
When the majority of my peers are feeling the pain from the immediate repercussions of the loss of beneficial practices of owning the world's preferred currency, and dumb politicians still doing what they have always done - spending like drunken sailors on shore leave. I can visit how my investment in BRICS+ is doing?
Everyone I know, including myself, who have purchased anything with "Vanguard" in front of it has lost huge amounts of money. Their sales commission rates are higher than the others, so if you are licensed to sell it, you will make big bucks. If you are an end user, if you hear the "Vanguard" word behind any mutual funds or etf's, run like hell!
With this being said, we are diverting from the title of the thread, which is "Jobs you can do from your homestead", so maybe a redirect may be warranted?
With this being said, we are diverting from the title of the thread, which is "Jobs you can do from your homestead", so maybe a redirect may be warranted?
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OK, back on track here. Jobs that you can do on the homestead.
Years ago I did horse logging. I bought some draft horses and trained them, and myself, for logging. After a few injuries I was successful. I logged mostly our own and families land, but would also hire out and log for other people. I sold trained pulling horses and foals. Also trained riding horses for other people.
I had 2 sawmills and sold custom cut lumber. One of the sawmills was portable so I could take it to other people's land and mill their logs.
One year I bought an old bobsled and rebuilt it and took people on slayrides.
Back then I would plow peoples roads with my tractor.
I have a portable welder that I can take to the jobsite and do fabrication and weld repairs.
I always ran a trap line in winter, still do. Cut and sold firewood.
Last fall I started putting in new hay fields. Eventually I'll produce enough hay for my own use and sell the rest.
Finding paying work has never been a problem for me. Ranchers always need someone to help put up hay in summer, or feed in winter.
For many years I worked overseas and had 6 months vacation every year.
The list of what people can do from the homestead is only limited by a person's imagination.
Years ago I did horse logging. I bought some draft horses and trained them, and myself, for logging. After a few injuries I was successful. I logged mostly our own and families land, but would also hire out and log for other people. I sold trained pulling horses and foals. Also trained riding horses for other people.
I had 2 sawmills and sold custom cut lumber. One of the sawmills was portable so I could take it to other people's land and mill their logs.
One year I bought an old bobsled and rebuilt it and took people on slayrides.
Back then I would plow peoples roads with my tractor.
I have a portable welder that I can take to the jobsite and do fabrication and weld repairs.
I always ran a trap line in winter, still do. Cut and sold firewood.
Last fall I started putting in new hay fields. Eventually I'll produce enough hay for my own use and sell the rest.
Finding paying work has never been a problem for me. Ranchers always need someone to help put up hay in summer, or feed in winter.
For many years I worked overseas and had 6 months vacation every year.
The list of what people can do from the homestead is only limited by a person's imagination.
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- Dec 8, 2017
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- 293
Are you talking about independent brokers? I have a taxable account directly with them. Their passive index funds have some of the lowest expense ratios around. To the point that Fidelity, Schwab, and others I can't remember now have their own equivalents to compete.
I want to share with you something I learned from, of all things, fanfiction. No one in the history of the world ever complained about “oh no, someone else I’ve never heard of wrote something about this series I really really enjoy, how dare they.”
It’s like having two cakes. No one is going to complain that there’s more than one cake, even if they’re both chocolate. They’ll get to sample both and have more of the one they like better, or maybe decide they like both.
So yes, there’s a sea of people out there, and there are a lot of authors and cakes in it, but the thing to remember is that only you can tell your story or bake your cake your way, and no one’s going to complain about more stories or more cake. (They may complain about the contents if it’s not to their taste, but they’re not going to complain that you’re making something.)
It does help to be productive and consistent. People will get used to seeing “oh, X has a post up today“, and if they don’t see it, they forget about it. I did a webcomic for a while, and regular posting was what attracted and kept an audience. Same with blogging. You have to do it and be consistent, and your audience will find you.
Sell day lilies/fruit/chicks/rabbits/produce/goats/cats/dogs. Its not uncommon to see any and all of the above at the farmer's market section of the flea market.
Sell sprouted plants.
Hustle antiques. those old blue canning jars, those soda bottles from the 70s, any kind of memorabilia from sports, any kind of garden too/mechanic tool over 50 years old sell great!
Sell rag bags. Put 10 pieces of clothes your kid outgrew/you don't ever want to see them in like "Daisy Dukes". write the size, age, and sex on the bag and grab bag it off for 2$ a bag. unless it is leather goods, jeans, or boots, singling out is a waste of time!
Sharpening knives and tools. Did this one myself, all you need is the right tools and a power outlet. A decent, quality bench grinder you can bolt down, a hand grinder and a variety of discs, a pink metal preparation wheel and a fine wheel to remove pits and heavy scale, a buffing wheel, with coarse, medium and fine rouge, to bring it to a shop shine and a green wheel
Amazon.com
made to remove metal without heat buildup and at last, a black crayon. rub a layer of wax next to your grind area, if it begins to melt, back off and quench it., and then to make the hairs pop off your arm, a medium grit whetstone and an Arkansas oil stone in a jar of 20 Wt or baby oil Back in the day, I would do a small knife for a buck, a big knife for 3$ and a decent refurbish for 5$ and negotiate on axes, hatchets, machete's, etc, depending on how screwed up they were. Only a moron would do a sling blade for 5$ be sure to set up near the knife dealers as well, that can net you some huge cash quickly!
Shoe Shine Station. No shame in it, lots of us teenagers did it in the winter months when the lawn-mowing/yard-raking jobs dry up and there are no farmers around whose livestock needs fed.
Welding under the table. Ten bucks an hour or a dollar a minute, depending on the job.
Shade tree mechanic.
Backroom gunsmith/camouflage expert. I used to make a killing in deer season camouflaging deer rifles and bows for ten bucks each. I do USGI woodland, tiger stripe, snow job and timber rattler and flat-clear automotive hard coat over all for durability. for 5$ more I'd hit it with rubberized truck bed spray for that tactical, texture grip that was just becoming popular thirty years ago. three jobs and my paint was paid for, the rest was smoke and beer money!
Arts and crafts. Make brick-a-brack out of old wood scraps, beer glasses out of bottles, knives, make rag dolls stuffed with real hay, make hillbilly furniture out of tree trunk slices, my uncle made a pair of cedar thrones using just a chainsaw and got 800$ out of them.
Roadside/flea market BBQ/sell canned preserves and BBQ.
Bootleg pretty much anything! Feeling sneaky? Beer on Sunday, "dry" sporting events, Sodas and chips where the concession stand prices read like a steak house.
Well, there's my list, hope it helps.
Sell sprouted plants.
Hustle antiques. those old blue canning jars, those soda bottles from the 70s, any kind of memorabilia from sports, any kind of garden too/mechanic tool over 50 years old sell great!
Sell rag bags. Put 10 pieces of clothes your kid outgrew/you don't ever want to see them in like "Daisy Dukes". write the size, age, and sex on the bag and grab bag it off for 2$ a bag. unless it is leather goods, jeans, or boots, singling out is a waste of time!
Sharpening knives and tools. Did this one myself, all you need is the right tools and a power outlet. A decent, quality bench grinder you can bolt down, a hand grinder and a variety of discs, a pink metal preparation wheel and a fine wheel to remove pits and heavy scale, a buffing wheel, with coarse, medium and fine rouge, to bring it to a shop shine and a green wheel
Amazon.com
made to remove metal without heat buildup and at last, a black crayon. rub a layer of wax next to your grind area, if it begins to melt, back off and quench it., and then to make the hairs pop off your arm, a medium grit whetstone and an Arkansas oil stone in a jar of 20 Wt or baby oil Back in the day, I would do a small knife for a buck, a big knife for 3$ and a decent refurbish for 5$ and negotiate on axes, hatchets, machete's, etc, depending on how screwed up they were. Only a moron would do a sling blade for 5$ be sure to set up near the knife dealers as well, that can net you some huge cash quickly!
Shoe Shine Station. No shame in it, lots of us teenagers did it in the winter months when the lawn-mowing/yard-raking jobs dry up and there are no farmers around whose livestock needs fed.
Welding under the table. Ten bucks an hour or a dollar a minute, depending on the job.
Shade tree mechanic.
Backroom gunsmith/camouflage expert. I used to make a killing in deer season camouflaging deer rifles and bows for ten bucks each. I do USGI woodland, tiger stripe, snow job and timber rattler and flat-clear automotive hard coat over all for durability. for 5$ more I'd hit it with rubberized truck bed spray for that tactical, texture grip that was just becoming popular thirty years ago. three jobs and my paint was paid for, the rest was smoke and beer money!
Arts and crafts. Make brick-a-brack out of old wood scraps, beer glasses out of bottles, knives, make rag dolls stuffed with real hay, make hillbilly furniture out of tree trunk slices, my uncle made a pair of cedar thrones using just a chainsaw and got 800$ out of them.
Roadside/flea market BBQ/sell canned preserves and BBQ.
Bootleg pretty much anything! Feeling sneaky? Beer on Sunday, "dry" sporting events, Sodas and chips where the concession stand prices read like a steak house.
Well, there's my list, hope it helps.
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- Jan 6, 2022
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If you have some extra pasture, consider renting it out for cattle, sheep, goats or horses. I recently rented out some pasture to a rancher. He brought up 68 head and is paying $.75 per head per day. I figure we have enough grass for another month or so, or until it snows.
Natural herbs are a good seller as well. got an excess of baby food jars? I miss those things!
