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Jan 27, 2021 Ask Gary is a series detailing owner-operator business challenges and how operators can navigate toward success. Gary Buchs, a former Owner-Operator of the Year, spent 17 years as an independent contractor at Landstar before retiring in 2019. He now coaches owner-operators and also hosts the Truck Business Forum group on Facebook. Buchs can be reached at [email protected]. The situation: A younger owner-operator has been trying to better manage his cash flow and to dig his way out of high-interest credit card debt. He was having trouble prioritizing his bills after paying himself, and at the end of the fourth quarter he had enough cash on hand to either pay off his truck or to pay his estimated quarterly tax payment. He didn’t know what to do with the money relieve himself of the monthly truck payments (and help his cash flow situation) or pay his estimated taxes. ....
There any end in sight. let s ask gary. you went to cash a long time ago. the momentum squarely to the downside. how does the bias shift? how far down do we have to go before it happens? i hate to use my two words but time and price. that s the story here, charles. and my biggest worry, this is supposed to be a seasonally strong weak during thanksgiving and we get this today. and, look, i have always been a big believer that technology leads up and leads down and right now it s leading down. i suspect we are going to seat nasdaq do the 20% plus and people start calling it a full bear market even though tons of names where done more than 20%. charles: you know, kevin, more than half the s&p have been down. months ago it wasn t this great market where you could have thrown a dart. people are getting afraid because it feels like this is more than a corrections that this is an indictment, if you will, or harbinger of ....