I right there with you brother
It is a real place and I’m getting old but it went right over my head.I was a freight pilot in the late 70's, early 80's. We would typically get approached on the Ramp late at night for side work. So, I was wondering if Red Bud IL is a real place. If you are younger this will make absolutely no sense.
I've been trading in and keeping up with the real estate, financial market, trends and all of that for decades. Was involved way before the .com boom/bust and still in the game. However, in 2020 I felt the attack vectors were too numerous to understand at any sane level. This was probably the intent, to overwhelm with problems and create as many side distractions as possible. Hope, fear, rationality and insanity, all the cards are being played at once.
Buy Batteries! LOL
I tend to disagree.
We actually have a pretty nice golf cart that's at another property and we never use it anymore there. I need to replace the batteries. I guess that my be my next LiFePO4 project. That's assuming it makes sense. Even if I decide to sell it I have to replace the batteries to get anything out of it. I don't think we would use it much here. Maybe running to the mailbox but anything out in the pastures if it's even a little wet wouldn't work. That said, I think I'd really like some kind of electric 4WD utility vehicle. Charging it off the solar is a very attractive bonus.
Transportation is a large part of the cost of all goods sold. But supply and demand rule the market.
Our Ryobi zero turn electric mower, just happens to run on 48v. That was a happy coincidence.We would like to buy a place with a lot more acreage but real estate prices are still too high, and couple that with higher interest rates now and it just isn't looking feasible.
I'll admit though that part of me wants more space simply because it would give me a reason to buy more solar stuff and convert a zero turn to LFP. Because why not use the sun to power the mower? Less work and maintenance long term than a gas one. And if the apocalypse happens, I can at least still have a neat lawn
Ryobi has really stepped up their game. Pretty much across the board but especially with their 48V equipment. I have way too much to mow for something like that but I've looked at them multiple times and tried to find an excuse. How are you liking it?Our Ryobi zero turn electric mower, just happens to run on 48v. That was a happy coincidence.
Had a few issues. To be expected for a new product. But everything has been warranty handled fairly well.
If it is independence that you want then cost is no issue. If you are worried about payback forget it.
I wonder if you installed PV just to run A/C which correlates use with available sunshine well, no batteries, if this use-case would work better in your situation. Just a thought.
Try high yield savings accounts. They have FDIC insurance and right now are paying 4%. I know it's not matching inflation, but if your goal is to avoid the market and keep 100% liquidity, they aren't a bad way to go right now.
The side jobs were to fly into Mexico with a briefcase of money and swap the money for grass. I heard some horror stories about a couple guys that actually though it was a good idea and did it. Well, sorta did it, about half way, they did it. At the time, the best weed being imported was Red Bud. Flying night freight, you had to stay in the loop regarding all the good and bad stuff going on.
FDIC is a great illusion. Your funds are not safe in any banking institution. The FDIC is totally underfunded at less than 10% of their liability. So if a major banking crisis occurs good luck. Already we see BOA restricting withdrawals Canada is also. So you stay in the banks but good luck with that.
I just need to temporarily store the money because I am builidng a house and I have to be 100% liquid for the payment schedule. I have no option except getting a little or getting nothing.
It’s completely your choice. I’m just warning everyone. Ultimately this will not end well and no one is coming to your rescue. Prepare wisely. You have a short window. You don’t want to end up on the wrong side of this. All institutions will be affected. If I had no choice the best bad option would be a local credit union. I survived the last 2 economic crises and lost zero during each. Not like most who rode both to the bottom.
We're getting 4.45% right now which, as you say, isn't keeping up with inflation but I don't think it's a bad thing to have some liquidity as part of your overall plan. Everyone's situation is different. But diversification has a lot of value in almost any situation. Some in stock (blue chip, dividend stocks only for me), some in cash, real estate, tangible assets, etc. We've done well in the past during the dot com crash and the housing crash in 2008 because we felt it was coming and moved things around. But that doesn't mean I have a crystal ball. I just try to focus mostly on the things I'm sure will happen, then some on the things that probably will happen, then if I have resources left put them toward things that maybe could happen. Going back to the original post, I don't know if there will be a great ROI on my solar but I'm sure I'm going to want electricity and I'm sure I would rather depend less on the utility company. So for me, like a lot of folks here, it's worth it even if the ROI isn't great. That said, I think I'll have a decent ROI and it's one more way to diversify some of our resources.
Yes energy independence will be worth much more than you paid for it. Worse times are coming. The only real way to preserve wealth in this environment is gold and silver. History bears this out over centuries.
