thecrazyone wrote:For me, it's simply the lack of money they are paying you. I get that you're not there to get rich, but after my last trip where I brought quite a few heavy items, and they gave me 5 bucks for all of it, I could just have easily put those items in the trash and found 5 bucks in change on the street. It was mind-blowing!
There is quite a learning curve to scrapping. Unless it is easy for you to transport heavy steel items (especially if you have to drive far), I'd generally avoid steel and look for the ABC's (aluminum, brass and copper). You will get way more for them and you won't get $5-10 for a whole carload. It is a good idea to get one of those little magnets (made of neodymium- easily available on eBay and cheap) for testing items to determine whether or not they are steel. If a 2-drawer steel file cabinet weighs, say, 20#, I would get less than $1 for it. Not worth my time and gas money to even handle it. I look for things that are more dense (like wire) so that I can get more money from only a small amount of space.
That's just one little item to look out for. Serious scrappers will also need to become good at quickly determining whether wire is worth stripping for the copper or not. Sometimes you actually get less for stripped wire than unstripped, even though that sounds counterintuitive.
Keep in mind that some things are flat out dangerous to take apart. A couple items that come to mind are microwave ovens and thermostats that contain mercury. The microwaves have ceramic insulators (usually a pink color) that contain beryllium, which is highly toxic if not handled properly.
There is also the part about learning which scrap yards in your area have the best prices, and for which stuff. Some pay more for uncrushed aluminum cans- others pay more if they are indeed crushed. I think this is because some people try and cheat by putting stuff like dirt into aluminum cans to make them weigh more. If I couldn't lift a Hefty trash bag full of aluminum cans, I would be VERY suspicious.
There is also the subject of market conditions. The scrap yard you sell to may all of a sudden tell you that the motors you used to sell them for 15-25 cents a pound now need to be thrown in with steel (at perhaps 3-5 cents a pound). They may pay 70-85 cents a pound for some types of aluminum (especially cans) and yet call other aluminum you have "dirty aluminum" and pay only 10-15 cents a pound for it. It feels like they are screwing you (and sometimes they might be), but they have to pay their employees and make a fair profit just to stay in business.
And so on. There is a lot to learn. There is another website called the Scrap Metal Forum for those who really want to get seriously involved with scrapping.
If you think you want to get serious about scrapping, I'd seriously consider spending at least 10-20 hours reading up on the subject and watching videos. Even then, you will still have a lot to learn.
It would have been very interesting to be in the Houston, TX area after they were hit by Hurricane Harvey two summers ago. The amount of stuff that went to scrap yards must have been absolutely staggering! Take a look at some of the Youtube videos showing huge volumes of stuff sitting by the curb. I'm sure there were rules as to who could take what, but I can't help but think that several months after the catastrophe (when there was still stuff to be disposed of) there were certain people who went under cover of darkness and did quite well for themselves.
Before you spend any real time on scrapping, it is highly recommended that you get a Tetanus shot which I understand is good for up to 10 years. I have read about and seen some really sad stories about people getting cut by glass, bit by critters, etc. I myself had an incident where a rogue gust of wind came out of nowhere on an otherwise nice day and blew a metal dumpster top (about 60-65 pounds of steel) onto my head, causing me to spit up blood and have my glasses fly off into the dumpster. Fishing those glasses out of the dumpster while bleeding and with nobody around while using one hand to hold back the top was an event I don't want to have happen ever again!
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.