Advice for the 18 year old scrapper - Page 2

Lol ... you know how it is with the old timers. They've got all kinds of advise for the younger hands. I guess i'm no different.

From my own personal experience i would recommend that a young person just starting out consider the idea of getting in with a newly converted worker owned business. What happened with us was that the owner of the company we worked for was retiring. He didn't want to sell out to a larger outfit and throw all of his employees under the bus. With some help from the technical assistance team he put together a deal where his employees could buy him out.

The employees each bought a share in the company. Each share price was about seven grand but the employees were allowed to pay for their share over a period of years with a small deduction from each paycheck.



There's a twofold benefit.

The first is short term yearly profit sharing. If the company does well there's a nice fat bonus at the end of the year.

The long term benefit is where an 18 year old could really make out. After the first fifteen years, the debt used to buy the company will be paid off and they'll be turning pretty good profit. Share prices will likely increase in value up into the hundreds of thousands of dollars as the debt to income ratio improves.

This isn't such a great investment for an old timer like myself but it's a heck of an opportunity for somebody that's just starting out. It's not very much different from investing in the stock market except that the shares are held by the employees and not by Joe Blow investor with a mutual fund. Otherwise from that ... it's structured and run just like any fortune 500 company on the stock market.

Looking for a stock that might provide a comfortable retirement ? This idea of employee ownership and active day to day involvement involvement in the company that you own stock in might be another golden opportunity.

Originally Posted by manjelle

If its stocks your looking for you need to be diverse. Its always good to invest in gold or silver as they are good investments. But my way is to wtch the unemployment numbers. I alwys found when its higher my investments in liquor accounts climb higher. To date some of my best stocks have been waste companies. I only invest in companies that have recycle stations, hauling companies and thier own landfills. No matter how bad it gets the trash always has to be hauled sorted and diposed of.

I work for a trash company ( hands on it ) heck it never ends . The attitude with people is always the same - They wait for the mail man -Is the letter here yet ?
not yet OK maybe tomorrow . If I mis a house ...... Forget it they are on the phone to dispatch . He just passed me !!! or Did he come yet ? Trash needs to be gone.
Trash is lucrative first it is handled different state to state but here the trash is rotated at holding facilities representing mass of land . Section's have a tarp with a membrane & piping , methane is collected , after about 5 years a section is spent out then removed . It's a never ending source of fuel . The old trash i am told is taken down south not sure what comes of it . The recycling is sorted from paper , plastic, Glass , aluminum & steel cans and bailed into BIG square bundles weighed and sold
Some plastic is not recyclable & is shred to be used as a petroleum based fuel.
So now that you got me thinking , worth looking into ,
any Ticker's you care to share ?

Quote from hills: " debt to income ratio" It seems strange and very encouraging to me to read hills posts here on a scrapers forum.

My thought on your last post is you will win if you live beyond the 15 year pay off for certain. But more importantly you will certainly be better off than id you did not participate. One day when you are really old you will pat yourself on the back. 73, Mike