boilermaker75
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Posts posted by boilermaker75
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On 3/7/2022 at 7:12 PM, Blugolds11 said:
As you know the 1st gen Camaro/Firebird share the same bodylines for the most part, thats a great looking car!. I actually prefer the 68's over the 69's and I like the 67 side vent windows...
I bought the car as a basket case and went through the entire thing. I dont have many completed pics on this computer but enough to give you an idea of the project. All numbers match, 327 car with 4 speed. Literallt every nut and bolt replaced, upgraded vintage air system, full disc brake setup, all new interior...completely new car including backup cameras and apple car play with microphone in headliner. I actually dont like the wheels/tires on it, I got them for a great deal and couldnt pass up, but will be going back to the rally wheel look, I upgraded things tastefully to keep relatively original looking.
As purchased: (Looks cleaner here than it actually was, after media blasting, there are no secrets...)
That was an undertaking! Looking great!
I loved that Firebird and wish I still had it. Eventually gave it to my brother and I think he eventually sold it.
It was great back then because you could do all the work on the car. A lot of us kids would work on cars with our dads. Today that doesn't happen. I have been teaching electrical engineering since 1984. I have noticed a reduction in ability in the lab. I am thinking it is because no one grows up anymore working on cars, or building Heathkits.
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wrote OXY 53-strike, March 11 expiration puts.
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On 3/4/2022 at 2:25 PM, boilermaker75 said:
Wrote a couple of MSGE 65-strike March 18 puts for $0.90 per share. I have limit orders in for more at higher prices.
I echo GFP with thanks to Gregmal for calling our attention to EBAY. One I also haven't thought about for a while.
Wrote some MSGE 70-strike March 18 puts for $0.90 per share.
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41 minutes ago, changegonnacome said:
Putin’s Endgame Starts to Look Like Reducing Ukraine to Rubble
As I mentioned many posts above this is not an invasion and occupation happening in Ukraine right now............this is a demolition crew sent to level Ukraine such that it will be no fit partner for anyone EU/NATO/USA for decades and by extension its buffer state status (& Russian security) will be restored.
Won't this result in the US and Western Europe pumping in money to rebuild Ukraine? Won't Ukraine then be such a close partner they become part of the EU and maybe a NATO member?
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Yes $10k per acre sounds high. I guess if you were the actual farmer you would be making a higher yield. You probably do better taking on more of the risk.
I have a colleague who is doing research on photovoltaics mixed into crop fields.
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The last year the farm contract was for $265 per acre and there was a $20 per acre bonus received because of the yield/price obtained for the crops. The farm manager says the land is worth $10k per acre. Yield is only 2.85%, but over the last 30 years the land appreciation had been 6% per year. Not great, but not bad, as an investment. If that was all there was too it I would suggest selling and get rid of the headache of those six 1/12 owners. But the land is along Interstate 70 right by an exit. Industry has been going in in the area, like Nucor, and it is less than 50 miles to downtown Indianapolis. In fact some of the land was annexed to put in a road for Nucor. So we will probably hold on when inherited. We also could buy out all the other tenants to prevent a judicial sale.
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gfp, Grafter, CorpRaider,
Thanks for all your comments, very helpful.
This farm is just east of Crawfordsville, IN, so less than 50 miles from GFP’s!
It has been in my wife’s family for around 150 years. It was jointly owned by my wife’s mother and her brother. Now owned by my wife’s mother and aunt after her uncle died.
My wife will own 1/4, as will her sister. There are 6 cousins on the other side with each owning 1/12. One of the cousins is pushing for this LLC.
My wife went into the LLC meeting with the farm attorney and accountant thinking the goal was to keep it as a family farm even though no one in the family has farmed it since 1954. She felt that this one cousin was turning it into two sides, the sisters versus the cousins and he did not want the sisters to ever be able to get control. If one of the cousins decided to sell only the other five cousins would be allowed to buy, 10 year purchase at Fed Funds rate (he actually was pushing for 20 years), voting for anything required >67% to pass, etc. I’m not sure what the rule is if my wife wanted to sell and none of the other partners wanted to buy. I will find out more when we get the draft document.
I’m thinking we should just leave it as is rather than rush into this LLC.
Thanks,
Mike
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thanks @CorpRaider
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Does anyone have experience with turning a farm owned my multiple family members into an LLC? We spoke with a real estate attorney yesterday and we were not happy with the suggestions. For example, if you want to sell your piece it would be set up where the other members would have 10 years, or even 20 years, to buy you out. I would prefer if some other member wanted to buy my piece they have to come up with all the cash now and I was told it is not done that way. Any suggestions to where I could go to educate myself on what options there are?
TIA,
Mike
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7 minutes ago, cubsfan said:
I don't think it's a long shot that Putin can be taken out.
Hell, this whole ordeal is backfiring on the Russian gangsters
around him - and the mafia might take him out if they can get to him.
I also don't think it is a long shot. It likely may be the way this ends. Those Russian gangsters are as ruthless as Putin. And if someone takes him out what would everyone else in the room do. Probably just move on.
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17 minutes ago, CorpRaider said:
Probably that poison they were misting those guys in London with.
I wonder if he checks his food with a Geiger counter?
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I collected a few Mont Blanc pens, but many didn’t feel very substantial and accidently dropping one usually caused damage.
Then I discovered Retro 51 pens. They are extremely well built and many have interesting themes. Retro 51 does several for the Smithsonian. For instance there is a Vega after the red Vega plane Amelia Earhart flew over the Atlantic that is at the Smithsonian.
I guess it became a hobby/obsession. I have about 50. They ranged in price for me from $35 to $55.
They do special editions that are numbered and they only produce a couple hundred to maybe 2,000 depending on the expected popularity. They often sell out in an hour. I just bought the red dragon, which they only made 300, and I know I got one of the last ones.
https://www.purepens.co.uk/products/retro-51-pure-pen-exclusive-the-red-dragon
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15 minutes ago, CorpRaider said:
He's skewing those 35 foot tables away from his comrades all on his own homie.
He is definitely paranoid about something,
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7 minutes ago, Xerxes said:
putin had said: “there is no reason for the world to exist if there is no Russia” At some point Zelensky has in turn to decide if “there is no reason for the world to exist if there is no Ukraine”. Very sad.
I think if you asked Putin, "When will the world end," his response would be, "With my death."
That is why this is scary. If it gets to the point there is no way out for him he will try to take everyone out.
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On 3/2/2022 at 10:42 PM, Blugolds11 said:
Currently remodeling a lake home in prep for sale… I do everything myself.
Other hobbies include woodworking, I have another cabin I am going to build a garage at in the spring and will use that shop to hopefully start building a drift boat. I previously worked at a boat shop restoring old wooden boats, ChrisCraft , Hackercraft, Garwood, combining woodworking and love for boats was great. Some archery, but mainly construction/woodworking related. My hobbies change depending on the project, usually my projects are large, so take a while and then I move on to the next interest. I spent 5 years restoring a 1968 Camaro that I still have, so at that time my hobbies were more automotive in nature.
My first car was a 1968 Firebird.
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Wrote a couple of MSGE 65-strike March 18 puts for $0.90 per share. I have limit orders in for more at higher prices.
I echo GFP with thanks to Gregmal for calling our attention to EBAY. One I also haven't thought about for a while.
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1 hour ago, changegonnacome said:
Perhaps but from a very very very very low base
All Kremlinologists (who were spectacularly wrong before as basically none of them foresaw the USSR implode).....point to Putin having an almost perfect strangle hold on all the institutions & levers of power that matter in Russia
You don't think there are a lot of ruthless people around Putin who he is causing much angst?
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@ERICOPOLY That is something I have always wanted to do. Maybe someday.
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I wrote some 310-strike and 312.5-strike March 4 expiration puts on BRKB. Nice premiums and not a terrible price to pay for BRKB if I get put to.
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Since Buffett took control of BRK, there has never been a day when SPY was a better buy and today certainly is not that day.
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@gfp Happy Mardi Gras!
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Wrote some FB 187.5 strike, Feb 25 expiration puts.
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@DooDiligence I don't play anything, I just listen.
Crazy is a great song and I did not know WIllie Nelson wrote it. But now that I know that it does sound like something he would write.
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@DooDiligence I look forward to listening!
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What are you buying today?
in General Discussion
Posted
wrote 51-strike, March 18 expiration OXY puts for $0.56 per share.