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Buy land or fund an IRA?
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<blockquote data-quote="John SD" data-source="post: 1334723" data-attributes="member: 14713"><p>I'm with Son of Butch. I would fully fund a Roth in good mutual funds first, then after that would sit down with a pencil and see how I could make best use of what I have to work with after that. At age 21 you are in a good position to just hang on and ride out the ups and downs of the market.</p><p></p><p>All things considered, I still think land is a good investment, but land requires some pretty deep pockets or significant borrowed money to own it. Lease pasture for now as you grow your cattle operation, but keep your eyes peeled for land deals that would fit your operation. I'm not opposed to borrowing money for land, but all deals must be carefully considered. You don't want to be hopelessly in over your head if things really go south.</p></blockquote><p></p>
[QUOTE="John SD, post: 1334723, member: 14713"] I'm with Son of Butch. I would fully fund a Roth in good mutual funds first, then after that would sit down with a pencil and see how I could make best use of what I have to work with after that. At age 21 you are in a good position to just hang on and ride out the ups and downs of the market. All things considered, I still think land is a good investment, but land requires some pretty deep pockets or significant borrowed money to own it. Lease pasture for now as you grow your cattle operation, but keep your eyes peeled for land deals that would fit your operation. I'm not opposed to borrowing money for land, but all deals must be carefully considered. You don't want to be hopelessly in over your head if things really go south. [/QUOTE]
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