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Old 03-05-2024, 01:36 PM   #2
Buehler445 Buehler445 is offline
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Originally Posted by BigOlChiefsfan View Post
I worked at the KC Board of Trade for 15 years or so, as an employee of the exchange, then as a trader. They sold out and let the Chicago BOT and the Merc have the bulk of that money - the current mayor of Chicago is chasing those fellows and all their tax revenue off to Florida. Anyway - don't overlook commodity trades - you've got to do some research but rule of thumb..if the dollar won't go as far, gold or wheat or silver-will. Head-sniffin' Joe Biden doesn't really get to mess with the price of commodities. Which is fine by me.

ETA: Time is an issue w/commodity markets - they 'run out of time' and you get the cash - or you sell your July contracts and buy December instead. It's not a 'fire and forget' market. It's exciting as hell when you're there -and right. It's pretty much designed to bilk the ignorant. But if you're interested, it's a good way to park money and make some if you park it correctly.
As a guy that hedges grain, I want no part of speculating any of that.
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Old 03-05-2024, 10:34 PM   #3
BigOlChiefsfan BigOlChiefsfan is online now
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Originally Posted by Buehler445 View Post
As a guy that hedges grain, I want no part of speculating any of that.
All Y'all paid my salary for quite a while. You're in a different boat than I was in.
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Old 03-05-2024, 02:16 PM   #4
Pinchshot Pinchshot is offline
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Robinhood suspended trading on their site on orders from Wallstreet. I wouldn't trust them. It's really more of a trading platform anyway.

When I left a company years ago I rolled my 401K into a self-directed IRA where I now have rental properties, stocks, gold and Bitcoin. Equity Trust is the company I chose.

You most likely will not need to buy all those diverse assets. But if you ever decide to get into those, you could. Otherwise you're stuck with stocks/mutual funds only.
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Old 03-05-2024, 07:28 PM   #5
Taco John Taco John is offline
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Old 03-05-2024, 07:40 PM   #6
Hog's Gone Fishin Hog's Gone Fishin is offline
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Old 03-05-2024, 08:18 PM   #7
kccrow kccrow is offline
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hahaha that's ****ing awesome
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Old 03-13-2024, 06:59 PM
lewdog
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