|
Post by smsmith on Jul 6, 2023 13:29:20 GMT -6
I sure hope to avoid the mid to upper teens% for short term CDs we had in the early 80s. I don’t. I will take 15% interest on my cash. The 10%+ inflation that goes along with rates that high isn't very exciting
|
|
|
Post by MoBuckChaser on Jul 6, 2023 13:48:36 GMT -6
I don’t. I will take 15% interest on my cash. The 10%+ inflation that goes along with rates that high isn't very exciting I have everything I need for the most. Won’t hit me much.
|
|
|
Post by smsmith on Jul 6, 2023 14:13:24 GMT -6
The 10%+ inflation that goes along with rates that high isn't very exciting I have everything I need for the most. Won’t hit me much. Paying 10%+ more for food and beer (and who knows what all else) doesn't sound like any fun. We don't need any durable goods any time soon either, but those day to day items add up.
|
|
|
Post by MoBuckChaser on Jul 6, 2023 16:28:08 GMT -6
I have everything I need for the most. Won’t hit me much. Paying 10%+ more for food and beer (and who knows what all else) doesn't sound like any fun. We don't need any durable goods any time soon either, but those day to day items add up. At 15% interest on the cash I would throw at it would buy plenty of beer, food and fuel no matter the cost.
|
|
|
Post by Sandbur on Jul 6, 2023 17:17:14 GMT -6
The 10%+ inflation that goes along with rates that high isn't very exciting I have everything I need for the most. Won’t hit me much. Most of us actually have everything we need. We just got to sort needs from wants.
|
|
|
Post by smsmith on Jul 6, 2023 18:28:40 GMT -6
I have everything I need for the most. Won’t hit me much. Most of us actually have everything we need. We just got to sort needs from wants. Over last weekend I was kind of laughing to myself after looking at many of the rigs passing through. $80K+ pickups pulling $80K+ boats and/or $80K+ campers. I wonder how many years people are financing these things for? I believe I heard the average car loan is now 6 years.
|
|
|
Post by Bwoods11 on Jul 6, 2023 18:51:58 GMT -6
The amount of $100,000+ pontoons I’ve seen had quadrupled in the past 2-3 years !
|
|
|
Post by smsmith on Jul 6, 2023 19:01:52 GMT -6
The amount of $100,000+ pontoons I’ve seen had quadrupled in the past 2-3 years ! If I were going to spend a month or three on Kabetogama or another large northern MN lake, I could see spending a bunch of money on a boat. I suppose if a person owns a million dollar home on a nice lake, having a $100K boat is just keeping up with the Joneses.
|
|
|
Post by Sandbur on Jul 6, 2023 19:31:15 GMT -6
The amount of $100,000+ pontoons I’ve seen had quadrupled in the past 2-3 years ! If I were going to spend a month or three on Kabetogama or another large northern MN lake, I could see spending a bunch of money on a boat. I suppose if a person owns a million dollar home on a nice lake, having a $100K boat is just keeping up with the Joneses. I can’t believe the amount of pontoons parked on docks by the lakes. I see very few fishing boats except on far northern lakes.
|
|
|
Post by biglakebass on Jul 6, 2023 21:42:58 GMT -6
Come fish West Battle Art. U will see pontoon, fishing boat, jet skies, etc at one place. Big Sandy is getting crazy. Father in laws neighbor has fishing boat, jet boat, wakeboard boat, pontoon and jet skies.
|
|
|
Post by Bob on Jul 6, 2023 23:31:19 GMT -6
|
|
|
Post by Sandbur on Jul 7, 2023 4:58:02 GMT -6
Come fish West Battle Art. U will see pontoon, fishing boat, jet skies, etc at one place. Big Sandy is getting crazy. Father in laws neighbor has fishing boat, jet boat, wakeboard boat, pontoon and jet skies. Last fall I enjoyed fishing on Winnie. More of a fishing atmosphere. Parts of the River up here are also more quiet.
|
|
|
Post by Sandbur on Jul 7, 2023 5:01:01 GMT -6
Come fish West Battle Art. U will see pontoon, fishing boat, jet skies, etc at one place. Big Sandy is getting crazy. Father in laws neighbor has fishing boat, jet boat, wakeboard boat, pontoon and jet skies. In June, I had a great fishing trip with my neighbor in a row boat. We were on the private lake of a high school buddy. We didn’t even have a depth finder. We had a good crappie bite and the best bluegill bite I have ever had.
|
|
|
Post by smsmith on Jul 7, 2023 6:33:43 GMT -6
Come fish West Battle Art. U will see pontoon, fishing boat, jet skies, etc at one place. Big Sandy is getting crazy. Father in laws neighbor has fishing boat, jet boat, wakeboard boat, pontoon and jet skies....and this is why I don't spend much time on lakes anymore. Throw in the fact that most everybody is fishing with top end electronics and the fun part of being out there has largely been removed (for me).
|
|
|
Post by MoBuckChaser on Jul 7, 2023 7:22:43 GMT -6
We all worry about getting a point or two better in interest, maybe one good stock or fund that takes off. But I just got off the phone with my best friend that has been fighting cancer for almost 3 years now and it is not going good. He is on his fourth round of treatments and will be until December or he is dead. 5% or 15% CD's really don't mean shit when it all comes down to it.
|
|