If that $10,000 in 1959 money was put away in a safe place, be it a plain old CD or slow but constant growth muni’s or mutuals, 60 years later it would be a nice little retirement nest egg. Machinery in itself has never been a good growth investment.
I grew up on a 630 dad bought new in 1960. I have spent many thousands of hours on it, it has been a very economical and dependable machine. I still have it and it’s in very good shape but now looking back, in 1959 it was a dinosaur and the 460-560’s were the Cadillac at the time when they were new. I’m not talking about problems later down the road because that wasn’t known in 1959.
Ya I know, I’m grouchy tonight, snowed in in a motel room.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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