Posted by LA in WI on May 01, 2014 at 20:47:04 from (64.251.222.136):
In Reply to: Investment Options posted by fergienewbee on May 01, 2014 at 18:02:23:
Ferg, At your age, not much sense in investing in land and it surely will not be liquid (And you run a big risk of not seeing your land go up enough to cover the risks of it going down someday). Buying any machine... tractor, car, truck is not "investing"....no matter how you rationalize that. Those are expenses, pure and simple. (Never heard of anyone getting rich buying and selling hunks of painted metal...except new car dealers.) Forget the toys until you have real excess cash laying around. And you are paying $600 interest on a credit card?? Lordy....pay that sucker off and cut it up! High heat bills? In a few years you will not feel like cutting wood anymore (I am 77 and sold the chain saw and splitter several years ago) so get improved insulation in that house real soon. By all means, talk to 2 or 3 investment counselors and not just one. LA in WI
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