Gas prices

[Davy Crockett]

That's fine and dandy that you had the opportunity to do well for yourself. My point was, the other side of this argument is that not everyone has that status. A lot of it has to do with has to do how/where you were brought up. It's not by choice because everyone wants to be where you are.

I should have stated cash flow VS wealth. There's a huge difference.
After loosing my first retirement plan that I was 100% vested in I said screw that and started buying tangible assets.

My other point is WTH is the trade off ?
eatandsleep , you have me mixed up with somebody else.

I'll say it again, The business man is over his head on this one and at this point there is no smart thing to do.

 

[Twitch]

That's fine and dandy that you had the opportunity to do well for yourself. My point was, the other side of this argument is that not everyone has that status. A lot of it has to do with has to do how/where you were brought up. It's not by choice because everyone wants to be where you are.

I should have stated cash flow VS wealth. There's a huge difference.
After loosing my first retirement plan that I was 100% vested in I said screw that and started buying tangible assets.

My other point is WTH is the trade off ?
eatandsleep , you have me mixed up with somebody else.

I'll say it again, The business man is over his head on this one and at this point there is no smart thing to do.

So honest question, you keep saying the business man in a negative connotation, do you feel we would be better off with a “politician” like Kamala?

 

[Davy Crockett]

So honest question, you keep saying the business man in a negative connotation, do you feel we would be better off with a “politician” like Kamala?

Nope. I said the businessman is in over his head . Nothing morn-nothing less.

 

[wslayer]

It doesn't matter over there, you could take out the whole regime and it may be mellow for a few years. Those fricken towel heads would just get it started.up again. Been like that for hundreds of yrs and will never change.
I am totally against boots on the ground and losing lives of some of our very best servicemen / women, " for what ". We have been told twice already that we have obliterated their nuclear shit. Well what's the real story, did we or didn't we ?

 

[snow2]

For sure the increased cost of fuel increases the cost of production and transportation of all commodities, services, and retail goods. It's called inflation and we can all choose to incorporate inflation into our budgets, or we can be the "victims" of it. It's not that I don't have empathy for those on fixed incomes, I just think far too many aim for a minimalist existence in retirement.

Typical retirees often plan on needing something around 75-80% of their pre-retirement income. Something silly about no longer having work-related or childcare expenses. Heck, I am planning on having 100-120% of my pre-retirement income in retirement as I no longer will be paying child support or into my retirement accounts.

FWIW, I don't consider that a flex, nor do I intend to brag about it. It's just my requirement for income going forward. Because I don't intend to become a couch potato, sitting around watching Oprah reruns. I know my hobbies are expensive, you know...hunting, fishing, travel, etc. I also don't want to be that old timer depending on a 40-yr old boat and engine to carry me safely back to the boat ramp on demand. I call that "adventuring", not fishing.

Agreed allen, spot on since I retired so busy I ask myself how did I find time to work 50+ hrs/week. Traveling, two houses to maintain one in Colorado is a chore especially in winter months ,snow, but enjoy the workout,summertime fall Minnesota fishing,daily workout routine,bicycling daily trying to keep the old man out everyday so far, thankgoodness my 3yr old golden keeps me active everyday.

 

[Mike Fretty]

I think the oil tycoons have more to do with the price than anything else. Remember not too long ago there was a new article that the biggest oil producer in ND was crying around because he wasn't making his billions and was going to shut down pumps. I wonder how many others pulled the same stunt? Now oil and gas prices have once again raised to a crazy price. So is it the Iran situation, or the oil tycoons getting their way?

A good % of oil is hedged. High oil prices might benefit the refiner, but not the producers who hedged their oil