John Deere strike imminent?

[cygrads]

But rich investors aren't the only ones benefiting from the performance of stocks. If any of your investments, 401k or otherwise, in any way contain a stock, and you make money when that stock goes up, criticizing that company's management for making the stock price go up seems hypocritical.

The investment advisors who manage my retirement funds asked if there were companies and/or industries that I didn't want to invest in and they would work around them. So you can invest and not support companies or industries you don't believe in.

 

[VeloClone]

The investment advisors who manage my retirement funds asked if there were companies and/or industries that I didn't want to invest in and they would work around them. So you can invest and not support companies or industries you don't believe in.

You can avoid all companies that try to turn a healthy profit, but I'm not sure that is going to do your 401k much good.

 

[cygrads]

You can avoid all companies that try to turn a healthy profit, but I'm not sure that is going to do your 401k much good.

I'm just saying if you want to avoid a certain company or industry with your investments you can. My advisor said there are so many options out there they can still make it work.

 

[Dr.bannedman]

everythingsfine.gif

 

[Rabbuk]

everythingsfine.gif

They've elected a new tractor pope

 

[BCClone]

@isufbcurt Sounds like you just found a buyer.

At 8500, if it’s not the bottom 2 tiers, it’s possible.

 

[Stormin]

There is talk about a new rule that would put the basis at the purchase price rather than the value when inherited. Depending on the details, Curt might be liable for $8300/acre in capital gains when he inherits it.

I doubt they change cost basis. Most likely that Curt will get it tax free.

 

[DevilDog]

$20 ??

$40 & $50 for specialist

 

[isuno1fan]

There is talk about a new rule that would put the basis at the purchase price rather than the value when inherited. Depending on the details, Curt might be liable for $8300/acre in capital gains when he inherits it.

This got removed from the bill.

 

[mramseyISU]

Now for the most extreme of anecdotes:

My grandpa was a carpenter and he retired at 80. He was climbing roofs and doing the full job until the day he retired.

Retiring was the worst thing he could have done. At 80 he looked like a youthful 60 year old. Within two years he was in the hospital with all sorts of issues and he looked every day of 82. That is what often happens when someone who is very active just stops doing anything.

Yes, I know this is an extreme outlier. Heck, I was working as a stagehand out of college but I got out of it because I knew what some of that work was going to do to my body over the years.

My grandpa is like that too. Ran a sawmill until he was 70 and would have kept going but his help kept retiring. The only people who would apply to work for him were the ones who couldn’t pass a pee test to work in any of the factories so he just shut it down.

 

[BryceC]

everythingsfine.gif

Not at the factory. It’s the city burning on Campbell island.

 

[Clonehomer]

Not at the factory. It’s the city burning on Campbell island.

Didn't keep them from sensationalizing it though, did it? I don't understand the desire of the UAW workers in those comments to have the building burn down. Eventually, they're going to need to produce something to pay for your contract. If the building burns down, that may have an effect on the contract they're willing to sign.

 

[deadeyededric]

Honestly I don’t know the answer to that, one of the factory guys would have to answer. It’s a pension you aren’t getting anywhere else though.

NOBODY is leaving guaranteed money to go gamble their money in the stock market with a lousy 401k. The total compensation package these guys get is probably at least 25k/year more than they are getting on their check. Pensions rule! The idea that at 55 you can sit on your ass and collect 30-40k a year in guaranteed money is a.nice thought. Then figure in their supplemental funds that are probably worth several hundred thousand dollars if they have been working there a long time. As long as they live past 70 these people probably get over a million in compensation easy.

 

[mramseyISU]

Didn't keep them from sensationalizing it though, did it? I don't understand the desire of the UAW workers in those comments to have the building burn down. Eventually, they're going to need to produce something to pay for your contract. If the building burns down, that may have an effect on the contract they're willing to sign.

That’s the 3rd time this week he’s reposted something like that without verifying it. He posted a couple text messages that turned out to be ******** too.

 

[isucy86]

If they make us go to electric tractors, we will be having to have charging stations on each end of the field probably.

My post wasn't meant to be a comment on EV technology, but the production process. Use of robotics, etc. In the case of Tesla- it assembles a vehicle's chassis from a handful of casted parts. Making autos the same way as Matchbox cars.

Tesla GigaPress

 

[usedcarguy]

How about paying CEO’s at a ratio of 40:1 rather than 351:1.

CEO pay raises commensurate with increases given to general workers. Would be better for worker morale as well.

No way. Price controls do not work. They result in scarcity. Sharp CEO's will find other careers, leaving the underqualified/incompetent to run companies. And when they run them into the ground, workers will be left without jobs.

There's a reason CEOs get paid what they do. It's because they're worth it. Boards of Directors would not be writing those checks if they couldn't hire better people for less.

 

[CYEATHAWK]

That’s the 3rd time this week he’s reposted something like that without verifying it. He posted a couple text messages that turned out to be ******** too.

Jonah Furman reposting something without verifying.........nooooooooooooooooooooooooooooooooooooooooooo!

 

[CYEATHAWK]

No way. Price controls do not work. They result in scarcity. Sharp CEO's will find other careers, leaving the underqualified/incompetent to run companies. And when they run them into the ground, workers will be left without jobs.

There's a reason CEOs get paid what they do. It's because they're worth it. Boards of Directors would not be writing those checks if they couldn't hire better people for less.

Well.........they haven't met Stormin.

 

[BryceC]

NOBODY is leaving guaranteed money to go gamble their money in the stock market with a lousy 401k. The total compensation package these guys get is probably at least 25k/year more than they are getting on their check. Pensions rule! The idea that at 55 you can sit on your ass and collect 30-40k a year in guaranteed money is a.nice thought. Then figure in their supplemental funds that are probably worth several hundred thousand dollars if they have been working there a long time. As long as they live past 70 these people probably get over a million in compensation easy.

Okay? I never said anything about that. Of course they are good if you can get them. His question was specifically about if the benefits were good enough people would hold out. I think the pensions are basically unmatched in any other context right now so they are a huge benefit.

The risk of a pension vs a 401k is if you die early your family doesn’t get the benefit. You die at 60 with a 401k they get some serious money.

 

[GrindingAway]

Jonah Furman reposting something without verifying.........nooooooooooooooooooooooooooooooooooooooooooo!

Jonah profits from website clicks.