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Building recurring monthly income via Tax Free Muni Bonds

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Money Talk > Investing, Stocks and Bonds

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oldguy
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I win


Sheldon - Big Bang?


quote:
Then I would assume that is something YOU had ALREADY done and could tell me all about the reality risk rather than the theory that everyone seems to circulate.....


No, I never did junk bonds. But I confess to short sales, corn futures, 'put' options, call options, selling covered calls, penny stocks, and the like. (I became wealthy after I QUIT those things and concentrated on investing (rather than gambling).
Post Fri Apr 01, 2016 3:31 pm
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MoneyMaker2016
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quote:
Originally posted by oldguy
quote:
I win


Sheldon - Big Bang?


quote:
Then I would assume that is something YOU had ALREADY done and could tell me all about the reality risk rather than the theory that everyone seems to circulate.....


No, I never did junk bonds. But I confess to short sales, corn futures, 'put' options, call options, selling covered calls, penny stocks, and the like. (I became wealthy after I QUIT those things and concentrated on investing (rather than gambling).


I'm all ears, always open to suggestions. Keep the line open. And if you have any business ideas, I'm REALLY listening....
Post Fri Apr 01, 2016 5:03 pm
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oldguy
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And if you have any business ideas, I'm REALLY listening....


What business are you winding down - food, retail, services, sales, manufacturing?

The rapid push to raise the min wage (in giant steps) will draw new attn to automation - food vending, automatts. And self check-outs, they'll be improved/streamlined at the Big Boxes, and adapted to smaller shops & drive-thrus.

And the K12 system may finally get a boost - universities have learned that the HS grade scores/transcripts are becoming useless (grade inflation, everyone gets an A). The public is generally withholding funds to K12, based on misappropriation - they see that new money merely enables continuing negative results. When the K12 educators grasp the need for order, discipline, and core education (yes, math even tho it's 'hard') - the public will come back (with money) - new types of schools, instructors, cottage schools - lots of opportunity.

And climate/air pollution. The current politicians push solar/wind because the public thinks that is the answer. So that is where all of the "green" subsidy money is being spent. Unfortunately it's not working - we need to license 100s of new nuclear plants - zero carbon, they run in the dark, no wind, 24 hours a day. Repalce all of the coal/oil/gas fired power plants. (That clears up about 50% of the pollution). And then spend out govt subsidy dollars on developing batteries. Invent a 700-mile batt so that a car could go all day (and then charge overnight at a motel). That clears up most of the other 50%. The air over cities would be cleaner than in the 1800s - cuz there would no longer be coal-fired furnaces in houses, businesses. Lots of opportunities there for peripheral businesses.
Post Fri Apr 01, 2016 8:52 pm
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MoneyMaker2016
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quote:
Originally posted by oldguy
quote:
And if you have any business ideas, I'm REALLY listening....


What business are you winding down - food, retail, services, sales, manufacturing?

The rapid push to raise the min wage (in giant steps) will draw new attn to automation - food vending, automatts. And self check-outs, they'll be improved/streamlined at the Big Boxes, and adapted to smaller shops & drive-thrus.

And the K12 system may finally get a boost - universities have learned that the HS grade scores/transcripts are becoming useless (grade inflation, everyone gets an A). The public is generally withholding funds to K12, based on misappropriation - they see that new money merely enables continuing negative results. When the K12 educators grasp the need for order, discipline, and core education (yes, math even tho it's 'hard') - the public will come back (with money) - new types of schools, instructors, cottage schools - lots of opportunity.

And climate/air pollution. The current politicians push solar/wind because the public thinks that is the answer. So that is where all of the "green" subsidy money is being spent. Unfortunately it's not working - we need to license 100s of new nuclear plants - zero carbon, they run in the dark, no wind, 24 hours a day. Repalce all of the coal/oil/gas fired power plants. (That clears up about 50% of the pollution). And then spend out govt subsidy dollars on developing batteries. Invent a 700-mile batt so that a car could go all day (and then charge overnight at a motel). That clears up most of the other 50%. The air over cities would be cleaner than in the 1800s - cuz there would no longer be coal-fired furnaces in houses, businesses. Lots of opportunities there for peripheral businesses.


Very interesting. Especially the very latter because we've been seeing a lot of solar going up in the area. I'll PM you my biz email, if you're interested, we can continue discussing.
Post Fri Apr 01, 2016 9:05 pm
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MoneyMaker2016
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Tried to PM. Not sure it works. Says it still in my outbox.
Post Fri Apr 01, 2016 9:11 pm
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oldguy
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Especially the very latter because we've been seeing a lot of solar going up in the area.


But that could fizzle. In AZ we have more sun than anywhere - and the solar industry is winding down. First, several companies (such as Soladyne) went bk after the Govt money dried up. Then came the over-sell solar marketeers. Promised subsidies, provided easy financing, next came leasing, then lease-backs if they can use your roof, etc. And now the debate about who pays for the utility infrastructure that lies dormant all day, and then gets pushed to the limit after dark. The utility still has to capitalize for peak-loading (to meet the overnight power needs. So they are off-loading that cost to the solar panel users.
So, as of now, there is very little solar going up. The next wave seems to be Utility -owned solar fields - the Utility can pull that power online as needed, balance it against coal & hydro, and keep the network balanced w/o putting extra equipment on lines to houses. Plus, the solar field can use sun-tracking. The panels tilt to catch full power all day - while fixed panels work on the cosine of the impingement angle, rather than a 90 degree angle.

How about drones? There should be some business opportunities there. Farmers like them, they can be sent out over a half-grown crop to look for brown spots, weeds, disease. Look for weak spots in the fertilizer application for next year. They can deliver things - as retailing goes more on-line, the delivery task increases - especially in rural areas, snow-covered rural areas.

Drones for realtors to show houses from above. And/or inspect the roof.
Drones to fly under bridges and perform inspections.
Drones to over-fly power lines - or railroad tracks - check for snow.
Drones to fly out and locate/check the cattle.
Buzz the black bear that is stalking your cattle?
Over-fly your kids on skiing trips.
Or running rapids in a kayak?
Post Fri Apr 01, 2016 10:07 pm
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MoneyMaker2016
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quote:
Originally posted by oldguy
quote:
Especially the very latter because we've been seeing a lot of solar going up in the area.


But that could fizzle. In AZ we have more sun than anywhere - and the solar industry is winding down. First, several companies (such as Soladyne) went bk after the Govt money dried up. Then came the over-sell solar marketeers. Promised subsidies, provided easy financing, next came leasing, then lease-backs if they can use your roof, etc. And now the debate about who pays for the utility infrastructure that lies dormant all day, and then gets pushed to the limit after dark. The utility still has to capitalize for peak-loading (to meet the overnight power needs. So they are off-loading that cost to the solar panel users.
So, as of now, there is very little solar going up. The next wave seems to be Utility -owned solar fields - the Utility can pull that power online as needed, balance it against coal & hydro, and keep the network balanced w/o putting extra equipment on lines to houses. Plus, the solar field can use sun-tracking. The panels tilt to catch full power all day - while fixed panels work on the cosine of the impingement angle, rather than a 90 degree angle.

How about drones? There should be some business opportunities there. Farmers like them, they can be sent out over a half-grown crop to look for brown spots, weeds, disease. Look for weak spots in the fertilizer application for next year. They can deliver things - as retailing goes more on-line, the delivery task increases - especially in rural areas, snow-covered rural areas.

Drones for realtors to show houses from above. And/or inspect the roof.
Drones to fly under bridges and perform inspections.
Drones to over-fly power lines - or railroad tracks - check for snow.
Drones to fly out and locate/check the cattle.
Buzz the black bear that is stalking your cattle?
Over-fly your kids on skiing trips.
Or running rapids in a kayak?


I hear the same, it's winding down. The gov't tried to put up these "centers" but it didnt work out.

Regarding drones, we are open to literally everything from drones, to espresso trucks, to any technology that makes life easier (SaaS - think "uber for boat charters", etc....) or a service based business even.

With that said, drones are tough because its still sort of in its infancy. Especially laws. But most importantly, drones are very expensive to build and test and perfect.
Post Fri Apr 01, 2016 10:24 pm
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MoneyMaker2016
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quote:
Originally posted by oldguy
quote:
Especially the very latter because we've been seeing a lot of solar going up in the area.


But that could fizzle. In AZ we have more sun than anywhere - and the solar industry is winding down. First, several companies (such as Soladyne) went bk after the Govt money dried up. Then came the over-sell solar marketeers. Promised subsidies, provided easy financing, next came leasing, then lease-backs if they can use your roof, etc. And now the debate about who pays for the utility infrastructure that lies dormant all day, and then gets pushed to the limit after dark. The utility still has to capitalize for peak-loading (to meet the overnight power needs. So they are off-loading that cost to the solar panel users.
So, as of now, there is very little solar going up. The next wave seems to be Utility -owned solar fields - the Utility can pull that power online as needed, balance it against coal & hydro, and keep the network balanced w/o putting extra equipment on lines to houses. Plus, the solar field can use sun-tracking. The panels tilt to catch full power all day - while fixed panels work on the cosine of the impingement angle, rather than a 90 degree angle.

How about drones? There should be some business opportunities there. Farmers like them, they can be sent out over a half-grown crop to look for brown spots, weeds, disease. Look for weak spots in the fertilizer application for next year. They can deliver things - as retailing goes more on-line, the delivery task increases - especially in rural areas, snow-covered rural areas.

Drones for realtors to show houses from above. And/or inspect the roof.
Drones to fly under bridges and perform inspections.
Drones to over-fly power lines - or railroad tracks - check for snow.
Drones to fly out and locate/check the cattle.
Buzz the black bear that is stalking your cattle?
Over-fly your kids on skiing trips.
Or running rapids in a kayak?


I tried to PM you. We should do this in a private forum. Can you PM?
Post Fri Apr 01, 2016 10:25 pm
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oldguy
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Location: arizona
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quote:
With that said, drones are tough because its still sort of in its infancy. Especially laws. But most importantly, drones are very expensive to build and test and perfect.


Yes - infancy, legislation, expensive. And all 3 may be advantages. The cost and the laws will sort the hobbyists from the entrepreneurs. Ie, the entrepreneurs will need to put up capital, learn the Law, buy the drone-specific licensing as well as the usual business licenses, insurance, advertising, etc. And because a "real" drone has expensive features - lift capabilities, hover, settle, package release - plus the GPS/video/memory electronics, plus long-range power capabilities - the average hobby dude cannot compete. But a business could own several units and provide pilot/drone services - ie, map a field, show drainage patterns. Map building sites for developers, map ski runs/ chair lifts - and dozens of other apps that will magically appear as people think of new applications.
Post Mon Apr 04, 2016 3:46 pm
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MoneyMaker2016
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quote:
Originally posted by oldguy
quote:
With that said, drones are tough because its still sort of in its infancy. Especially laws. But most importantly, drones are very expensive to build and test and perfect.


Yes - infancy, legislation, expensive. And all 3 may be advantages. The cost and the laws will sort the hobbyists from the entrepreneurs. Ie, the entrepreneurs will need to put up capital, learn the Law, buy the drone-specific licensing as well as the usual business licenses, insurance, advertising, etc. And because a "real" drone has expensive features - lift capabilities, hover, settle, package release - plus the GPS/video/memory electronics, plus long-range power capabilities - the average hobby dude cannot compete. But a business could own several units and provide pilot/drone services - ie, map a field, show drainage patterns. Map building sites for developers, map ski runs/ chair lifts - and dozens of other apps that will magically appear as people think of new applications.


That's an interesting take. So you're basically saying GPS/mapping software for drones?
Post Mon Apr 04, 2016 3:50 pm
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oldguy
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Or - a mapping service company where you own a few drones (with various application-specific capabilities) and have a couple drone operators, pickups or vans to transport drone/driver.

Last year, when I was Combining corn, the grain company sent out a serviceman who updated the yield monitor, plugged in a memory card. It now records grain-yield vs GPS. At the end of the season I turned in the Card to the grain company, they made maps that showed yield/location. And they fed that info into their fertilizer machine - they will fertilize the fields in the Spring and modulate the fertilizer density based on previous-year yield.
Post Mon Apr 04, 2016 6:26 pm
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MoneyMaker2016
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quote:
Originally posted by oldguy
Or - a mapping service company where you own a few drones (with various application-specific capabilities) and have a couple drone operators, pickups or vans to transport drone/driver.

Last year, when I was Combining corn, the grain company sent out a serviceman who updated the yield monitor, plugged in a memory card. It now records grain-yield vs GPS. At the end of the season I turned in the Card to the grain company, they made maps that showed yield/location. And they fed that info into their fertilizer machine - they will fertilize the fields in the Spring and modulate the fertilizer density based on previous-year yield.


How do you scale that out to a critical mass though? Multi millions or small biz?
Post Mon Apr 04, 2016 6:33 pm
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oldguy
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I don't know. A drone software related product could be Microsoft 1.0. And drone services would be local "crop duster" mom & pop businesses. Drone dealerships would be like motorcycle dealerships?
Post Mon Apr 04, 2016 10:21 pm
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MoneyMaker2016
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quote:
Originally posted by oldguy
I don't know. A drone software related product could be Microsoft 1.0. And drone services would be local "crop duster" mom & pop businesses. Drone dealerships would be like motorcycle dealerships?


I understand what you're going for but for us I think the space is too early.

We want to either compete in a space where we have a significant upper hand (service based biz, brick and mortar, etc) or some internet technology that significantly improves on what already exists in a market, some type of SaaS. I really like to pet and newborn/young kids space. I also like death.

In the end, I like anything with a huge market that can easily be tapped into......elderly, lawyers, doctors, etc.

We've been looking at the Inc 5000 list and ideating ways to integrate with the fastest growing businesses or create some technology to make their life easier.....which hasnt been easy
Post Tue Apr 05, 2016 2:13 pm
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oldguy
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compete in a space where we have a significant upper hand (service based biz, brick and mortar, etc


Well, almost everyone who hates 'working for the Man" sees themselves running a happy corner coffee shop, owning their own bar (Cheers), a drive-thru coffee/donut stand, a boutique, a McD franchise, yada. In other words, they quit their skilled job and buy themselves an entry-level job that takes 14 hrs/day. (An odd way to find happiness?)

You've read that only 15% of start-ups succeed? So why do the 85% fail? Because their reasons for being in business are all wrong. (1) the urban myth that the only way to wealth is owning a business. (2) "want to be my own boss, hate to take orders, never going to work for the Man" . Ie, "hating your job" is not a good reason to become an entrepreneur.

https://hbr.org/2014/04/please-stop-ideating/
Post Tue Apr 05, 2016 4:51 pm
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