Ill say this.....The amount of cash out there never fails to boggle my mind.
Biggest transfer of wealth in US history as the baby boomers age.
Sent from my iPad using Tapatalk
Ill say this.....The amount of cash out there never fails to boggle my mind.
I saw a report yesterday that said 60% of Americans are invested in the stock market. I would have guessed more.Unless you are a day trader, IRA and land should be viewed as long term investments.
Sent from my iPhone using Tapatalk
I checked the big board and my land says still valuable!!![]()
I am a big fan of FXAIX. Like many index funds, the fees are so low that they don't really amount to anything. Most professional traders can't beat the SP500 on the long runI saw a report yesterday that said 60% of Americans are invested in the stock market. I would have guessed more.
I personally have not substantially been in the market since 2008/09... Yep, missed out on a lot of upside for sure....
Thinking about jumping in with some dollars. I know you can't time such things, but maybe wait until another 5-10% shaved off the market would be a prudent time to jump in if one isn't invested today? Maybe ladder in those dollars starting now, then every week or 2? Not sure the best approach. Will be buying something like VOO or FXAIX. Thoughts?
Def not a poor investment. You get to write off all the interest, improvements, depreciate any buildings, fences, tile, etc. If filing a schedule F there's herbicide, seed, mileage going to farm, etc.... all write offsTo me the hard part of buying land and not paying cash would be the amount you spend in interest payments. Even on a small parcel like 80 acres it's staggering what you pay in interest over a 20 year loan. It almost doubles the price you pay for the farm versus paying cash. Very poor investment in most cases except for the enjoyment you get out of using the land.