webfoot
Can you please be clearer? Are you looking to buy a Stone Sheep hunt for early August?
Not any more he doesn't. I bought it!
Back in April I was talking with Frank on a totally unrelated subject. At the end on the conversation he mentioned he had a guy booked for early August who needed to move the hunt back to 2015 and did I know anyone who might be interested.
I e-mailed the information to about twenty guys, then a few days later got to thinking, maybe I should buy it. So we negotiated a bit and I bought it at a great price.
Right place, right time!
Congrats on the hunt
Keep us posted
Good luck, Robb
Lyon Wilderness Productions...
Damn good viewing!!
Good luck, Robb
PS-a 42 inch and 39 inch harvested-----
LOL.
Yeah, those two, plus a great archery elk hunt in UT, a Mt. Goat/Grizzly hunt in BC, and a great Muley hunt in UT. And before that all starts my wife and I are going fishing in Alaska in early July. I'm way over-committed both time-wise and money-wise. But I'm not getting any younger, so I want to do it while I can.
You can.
I don't know how old you are, but here's one easy way:
Let's assume you're 35 years of age. If you invested just $1,000 per year in the market and it grew at an annual average rate of 10%/year (the historic average), when you're my age (65), you'd have $164,494 in your account.
The fishing trip and my five hunts are going to run me just over one-half of that. So you could do all of them and still have almost enough left over to it all again the next year!
I can't begin to afford to do this every year. But I can afford to do it now and like I said, I'm not getting any younger. Besides, I refuse to die with a bunch of stuff on my bucket list that's been there for very long.
Thanks.
Just a simple calculation on my 25 year old HP 12-C.
PMT = $1,000
I = 10%
N = 30
FV = $164,494
Best piece of advice I ever got when I was 13 when someone showed me this simple math.
Right on!
Here's an example I've used in employee meetings for my 401(k) clients:
Assume there are twins, age 20, who go to work and have 401(k) plans offered by their employers.
The Smart twin starts with the plan right away and contributes $2,000/year for ten years, then never contributes again.
The Dumb twin waits until age 30 to start contributing, then contributes $2,000/year until age 65.
Both twins earn 8%/year on their investments.
At Age 65, guess which twin has the most money in their 401(k)?
That's right! The Smart twin!
The Smart twin will have $428,378. Total investment = $20,000.
The Dumb twin will have just $344,634. Total investment = $70,000.
Now, if the smart twin had kept contributing the $2,000/yr to age 65, that account would be worth $773,012.
Time Value of Money = The 8th Wonder of the World!
Well that last one is my guess FWIW.
SteveB, no it's a thing of the present....since 1983 anyway.
Capitalists are way more creative and competent than politicians and the crises they create!
"You get in, you stay in, and everything will be all right." .........Nick Murray
Who said anything about 'brokers,' whoever they are?
BTW, I have a broker license.
Therefore, I have a HUGE problem with your blanket accusation that I "steal your hard earned money."
More impressive than your disciplined saving plan is that at age 65 you still have the drive and health to follow your passion. And a wife who embraces it Have been blessed to do more than I ever dreamed, grateful for each experience. This year plan elk in NM, white tails in Iowa and Kansas and maybe mule deer in Co ( drew 2nd choice, tough to fit in) . That said at age 59 I still want to grow up to be you!
Why is 10% a thing of the past?
The historic 10% is what US capitalism has produced over the past ninety years, which is as far back as good data goes.
So, are today's capitalists no longer as savvy as their predecessors?
I agree with Ambush....I'd be thrilled with a 10% guarantee and anything over is theirs. Not gonna happen.
BTW, I've been hearing the same story and predictions for well over thirty years. They've yet to be accurate.
I love negative nannies when it comes to investing. Without them, serious investors wouldn't do as well as they do.
Wish I jumped on that one!
In 2008 I had a Stone cancellation hunt for $9,000 plus a trophy fee. I was offered it because I'd gotten to know the outfitter and had helped him sell a couple of hunts in the years prior.
I think one of the advantages of being really involved in wildlife NGO's is you get to know a lot of good people and they get to know you. So it's just human nature they'd contact people they know and respect when they have an opportunity arise.
If something like that ever happens again......just saying. ;^)
Get 'em now if you can!
I can "book" a Stones hunt every year for $60. Yup, sixty bucks. Bighorn is the same.
Sorry, that's just mean, eh?
Sorry, that's just mean, eh?
Mean, not funny and just wrong!
Nice on the stones but you guys are way over paying for the bighorn tag.
Ours is only $50 and we don't have to pay PST. :)
Good luck on the hunts boys.
I started saving 10% or first six minutes of every hour I work when I was 25 years old! I am now 48 with almost 3/4 of the big M :0)
When I retire at age 58-60 my goal is to be in good enough shape both physically and financially to some of those dream hunts for many years......
For those of you bashing Kyle on the 10% for last ten years that is not historical data that is a snapshop overview of the worst recession since the depression.
From 2008 to 2011 Sucked ROYALLY!!!!
Those investments are mine not my wifes!!!
Often times people who bash investing, brokers, money managers from what I have seen do not invest very much but more seem to rely on four things.
1. Pension 2. Social Security 3. Winning the lottery or getting an inheritance 4. live in a fantasy world thinking their retirement will somehow magically work itself out!
This year is Slow in the biotech field but look at the 2 years prior I have had my wife 100% in BIPIX this year riding the storm out! It was down for the first part of the year now inching back up!!!
10 year window over the last ten years is unreasonable to be as a hard fact. Over 90 years yes there is where the data is!!!!
I have found that when investing yourself (TREND is YOUR FRIEND)
I am stuck with only being allowed to invest in 11 different funds and one of those are the Freedom funds which is actually one fund but a scale of volatility.
Dont just invest and not research yourself do some homework and get uducated about investing...
I'm not complaining about my retirement funds. My time in the market just happened to start and will end at a good time in the economic swings.
Besides, like I tell my wife, every time I go moose, grizzly, goat, caribou or sheep hunting, I'm saving between $7K - $30k per tag!!
The S&P 500 averaged, 7.77%
Not bad considering the headwinds we've had, esp. considering the collapse of the housing market, the financial crisis, and a president who's a socialist and hates capitalism.
Great job!
Now, if you simply earn 8%/yr from here on out, by the time you're 67 (Social Security full retirement age), you'll have over $3M!!! That's even if you never contribute another dime to the plan. That would allow you take out $135,000 - $150,000/year for the rest of your life and leave the $3M to your children.
From one North Dakotan (born in Fargo) to another, GOOD LUCK!
"Without a doubt it is a different world."
Hey, guess what? It's always a different world!
Here's a quote from Sir John Templeton, one of the most successful investment managers ever:
"The five most dangerous words in investing are, 'But this time, it's different.' "
He meant that to apply both to euphoria (Think, 'Dot Com bubble') and fear (Dot Com collapse, 9-11, the 2008-2009 crash, you-name-it).
And during conversations with Adam regarding his Stone hunt he never did complain about the extra ten bucks for his resident tag. Just all smiles.
Our house is paid off in 7 years I tell Michele that once that is paid off she can keep 25% of that payment the other 75% will be going towards a Roth or whatever is out there.
I started up my consulting company 2 months ago. 3RGreen my goal is to get a few accounts and really be able to (Properly Invest) with the increased revenue!
3rgreen.com
If a hunter would invest $300 ea month over the next 10 yrs @ 8% return… that will give them $54k…hopefully enough for a NON RES Stone or Bighorn hunt in the year 2024.
Better yet go w/ $400 ea month and that will give a hunter $73k…enuff for the hunt for sure…and travel and taxi costs?
(Two of the funds I'm in have returned 16% average over the last five years...and that includes part of the Great Recession!)
PM me please.
Thanks,
Nick
Start by learning as much as you can through your own research. At the same time, start with a guy like Kyle to help you understand compounding, budgeting, etc. An informed investor is usually a WAY better client for a money manager.
Knowledge is your friend. Panic is the enemy to wealth building.
Good luck!
webfoot looking for last minute stone sheep hunt
Thanks, Branden. I really enjoyed talking with you.
Kyle
Thank you!
Why have you chosen to run and hide from every single question, challenge and factual post people have offered here?
No hard feelings. Just a different opinion.
Relax.
My guess is 'probably not.'
Very, very few have.
Point is, if a guy wants to go on hunts now, waiting for 10% a year (even if it could happen) won't help now. A quick flip could.
I'm out of this thread now. No hard feelings.
Take care.
I actually increased mine by 5%, I told them this is one hell of a buying opportunity!
LMAO I bought my first penny stock last summer MJNA (Medical Marijauna). I bought it at 0.04 and sold it at 0.39. It went up to I believe 0.50 or 0.52???
The first and last time I think I will buy penny stock?
Kyle since I play the trend is my friend philosophy is there a website that shows me the top performing funds so that I can find top hitters for last 18-24 months. It is hell trying to research each sector. I would love to just see top hitters regardless if its strong, fidelity, etc.
I have my wife 100% in BIPIX and have had for last 2 1/2 years 60%+ return and over 100%+ return. This year it was down almost 10% but now is up around 5% return.
With her's rolled over in a IRA we can buy what ever funds we choose.
Spot on.
Since we've got money in my 401K plan and a good amount with a financial advisor in a separate account I also have my guy review my 401K annually and he almost always has some helpful insight.
I think the key is to find someone you trust, like Kyle, and start there.
BTW - I leave August 13 for a Stone hunt!
Did you stay long enough to at least score some great "ludes"? lol
Best advice I can offer is to start early, and if 'early' has passed you buy, start today. Max out the retirement investments.
And to satisfy the: "I'm pretty smart, I can do this myself" urge, start an account with an online broker, or an eBay account, or whatever. Fund that with some money you can afford to loose, and have fun. -Some people buy and sell stuff, some buy real estate, some gamble, or pick stocks. Do whatever you enjoy, but keep the amounts involved reasonable so when you loose, (and you will), you aren't devastated.
I let the pros handle their job, and I play around with a few bucks on the side. When I do well, it's extra money in the Hunting Fund, or some new gear. When I lose money, (and I do) I don't lose much.
I have bought some stocks that really blew up, and several that went the wrong way. I don't kid myself about my skills in this arena, I get lucky sometimes is all. I have made some lucky (smart? timely?) real estate purchases too. Lots of ways to make a few dollars, and lots of ways to loose. Plan for some of each.
A couple of other pieces of free advice guaranteed to be worth twice what you paid for it:
-Start your College Fund/ Planning Early! (yesterday is best). -Don't get divorced, that changes the equation in a BIG way. -Don't start thinking that your smarter than everyone else, that WILL bite you in the ass eventually. -Figure out what makes you happy in life, and find a way to work that into your life. -Enjoy the hell out of the fact that you've discovered Bowhunting, and all the joy it brings. -Remember to thank Pat for creating this crazy place we all love so much. -Hug your kids, tell the special people in your life that you love them. -Kids grow up too quick, dogs don't live long enough, and when you find a friend, or a significant other that enriches your life, TELL THEM that every day.
Excellent advice. If a client wants to 'play' the market, I think most advisors will tell them to go ahead. Good advisors only want their 'serious money.'
My mom was frugal, and died at 36.
My father-in-law lived life as it came, hit it full speed from day-one and died two weeks before retirement.
I've had three great friends die no older than 55.
Guess which of the six saw the most places, caught the most fish, enjoyed the most hunts.
You know, when you're holding a guy's hand as he's being eaten away by cancer and he repeatedly says, "Enjoy your life- now!..."...a person tends to do it. :-)
Saving is great, and we've been doing it, saying "I'll have this, and then I can,"....is never a guarantee.
Sorry your simple request for help was so pirated, webfoot. I've been on both sides.
Nick, you think life can get much better than you have now? (Of course it can, but you're doing danged fine for a guy your age, for sure.)
Does your company allow a 401K contribution plan?
If so does your employer match to a certian percentage or dollar amount?
If they match a dollar amount or percentage at least max that out. That is free money!
MillerCoors never had a match for my first 21 years and I have fellow employees who never put into a 401K becaus ewe had a pension and since there was no match they were going to show the company a thing or two by protesting to start a 401K
Well that was stupid on their part because 2 years ago they froze our pension which is almost 2200.00 per month. Since I am marreied and I want my wife to have half aupin my death we will only get $1,650.00 of that!!! So will my fellow employees and now they get around $3.00 per hour 401K contribution. What is funny a lot of them still dont contribute to their 401K except what the company puts in?
As Kyle said I should have enough money to do any hunt I want at 65 but I hope to retire a lot sooner than that!
I watch my funds closely and buy/sell or transfer all the time and it has worked out for me very well. I did a deep dive into educating myself in mutual funds. Like I said we only have a few funds we are allowed to pick from so I am limited on what I can invest in?
If your company does not offer you a 401K plan or similiar plan start your own IRA account today!!! If you have nothing as soon as you log off bowsite go do it! I believe your still under 30 so you have a lot of time until retirement? Even if you are 50 starting today is better than not starting.
My rule of thumb is the first 6 minutes of every hour I work is for my own retirement account the other 54 is for current times.
If and when you get married or if you are married have your spouse invest her first 6 minutes as well!!!
Kyle can you direct me as to where I can find a list of the top performing mutual funds for 2014?
I have no idea. More important, I do not care.
With all due respect, I know of no better way to lose money and/or under perform than to chase "what's been hot lately."
The idea is to invest before something takes off, not after. In addition, five months worth of data is of no value to me. I consider it totally irrelevant and most likely, dangerous. If there's any value to five months worth of data, I would use it as a contrary indicator. I want to see consistent solid performance over at least one market cycle, preferably two.
Good info guys! Best thing I did was start putting into my 401K when I was 22. 16 years later, I now have a very nice nest egg and could pay my house off with it. I won't pay the house off when I'm making more on my investments that what my house interest is.
Kelly's advise of putting in the first 10% is the best you can get. If you always put it in, you won't even know its gone after six months and then when you get a raise you are adding 10% of that.
United to SFO ~ noon tomorrow, followed by an Air Canada flight to Vancouver where I'll spend the night. Then I fly to Whitehorse, drive to Watson Lake, followed by a charter flight to Frank and Cindy Simpson's Stone sheep camp late Tuesday.
I've been somewhat worthless the past week thinking about this hunt. This weekend I've been totally worthless.
Geeze! I'm 65 years old. You'd think I'd have gotten over pre-hunt excitement by now!
Wishing you the best of a good time, safe travels, good weather and good luck!
Thanks!
The BC Stone Sheep season opens Friday.
Hopefully I'll get a lot luckier than I have been on my last five sheep hunts. On those hunts, I've not even SEEN a legal ram! (Four Rocky hunts, one Stone hunt.) No, really! Not even ONE! That dry spell covers twelve years and involves a lot of time and money, obviously.
The good news is Frank is running 90% success on Stones over the past ten years. In the sheep world, at least 10% of the guys who show up can't cut it physically or mentally. Probably more than 10%. I'm not even close to being in that category, so I'm pretty confident I'll tag a nice ram.
Actually, webfoot was pointed to TWO hunt opportunities. That we can see, he did not follow up on either of them.
Take a bunch of pictures and be sure to savor every minute of it.
Looking forward to hearing all about it.
I will savor every minute of it. You can bet the farm on that.
When I was younger, the only thing that mattered was filling my tag.
No more.
Certainly I want to fill the tag, but the experience of just being out there, on the top of the world, a million miles from nowhere is really all I need at this point in my life.
My old buddy Ray Alt from MT drew the Stone Mountain Safari drawing hunt last year (Grand Slam club) and is headed up to hopefully finish his slam. He is 73 and has been excited for over a year!
I have a few rules that I have went by and they have served me well.
You should be able to set aside 10% of your pretax earnings (we use RRSPs and TFSAs in Canada but I think that is along the same lines as the 401k).
Start early, have it automatically set up, and how much you contribute is more important than how much it makes. Starting young is important because that will help take advantage of compounding and there will be less impact of the ups and downs.
I am not a big fan of picking stocks and trying to 'beat' the market. You may be fine if you hit a good time to do it or pick the right sector but I am happy if I can get the average of the market. Any more than that is just luck in the long term. Here is the one approach that I have taken and it has done well (and over time will out perform most mutual funds and money managers). It is called the 'couch potato portfolio':
Break your investment into 4 specific index funds and then reallocate the funds once a year. For example, I use a bond index XBB(40%), an international index XIN (20%), a Canadian Dow Jones index XIC (20%), and a S&P index XSP (20%). At the start of the year I sell some of the funds that have performed well and use the money to buy ones that have not done as well so that the 40:20:20:20 ratio is there again. Easy, cheap to do yourself, and index funds have a super low MER (% admin fees) compared to almost everything.
Good luck, Robb
People live off their take-home pay, not their gross pay. When folks automatically set aside 5% or 10% of their pay, they adjust to the difference in their take-home pay easily. One thing that always surprised me was how few people even knew what their gross pay was. All they knew was what their take-home pay was.
Safe travels, enjoy the hunt, good luck and shoot straight!
How does one go about getting on these cancelation hunts?
Same procedure w/ some good Hunting Consultants, they have a list of names on file to call up right away.
PM me if you have more questions. Good luck.
any feedback/
webfoot
Best of luck and keep us posted!
Mark
Agreed. Will do
Good to see ya made it back safe and sound Kyle!
Good Luck, Robb
