by Recyclersteve » Sat Jun 16, 2018 9:58 am
You should have enough material to cover your gas money both ways plus a little extra. Personally I have to forego some big items like major appliances that others pick up, since I drive an SUV. I did see a video of a guy in the United Kingdom who rides a bike and does quite well, believe it or not.
One thing you will want to do is to get a supply of used (heavy duty plastic) buckets that you can separate different things into. I have separate buckets for different types of wire, aluminum cans, copper tubing, brass, and miscellaneous items. Also, I found over 70 tools while scrapping, so I have all kinds of screwdrivers, snippers to clip the ends off of wire, etc. It would be good to invest in gloves and eye protection.
Also, if you can carry around a small magnet with you that will help. Steel, which the magnet will be attracted to, pays the least. Copper, aluminum and brass, which the magnet won't be attracted to, all pay substantially more. Steel in my area pays 5 cents a pound. Aluminum can be anywhere from about 10 cents to 80 cents a pound. Copper can be from 35 cents to $2.40 a pound. 35 cents is for insulated wire that has only a small percentage of copper in it. $2.40 is for pure (bare bright) copper that has the insulation removed from it.
Scrapping has a fairly steep learning curve. Before wasting time stripping wire, I take samples with me to the scrap yard and ask how much I can get per pound with the insulation on the wire (versus stripped wire). There are quite a few times where you are wasting your time to try and strip wire as you would actually make more leaving it insulated! Another one to be aware of is coax- in my area they don't even accept it, so it doesn't make sense to waste time picking it up. It truly varies by the types of wire (and there are lots of types) and the city you are scrapping in. Also, you will want to make sure that scrap yards in your area will accept wire that has been stripped (also known as bare bright copper). Many places won't accept it unless you have a business license, so ask in advance in order to avoid wasting a lot of time for nothing.
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.