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Feeder prices and diversity.
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<blockquote data-quote="Workinonit Farm" data-source="post: 194169" data-attributes="member: 839"><p>Ask anyone who took a hit end of Oct. 1987.</p><p></p><p> Diversity is a necessity. For those (who work off the farm/ranch) who have the option to participate in a 401K plan, do it. Start an IRA if possible.</p><p></p><p> To the original question, I/we here have some diversity regarding "livestock". In addition to the cows, we also have hogs. Run chickens and rabbits on an even smaller scale.</p><p> The rest of the "eggs" are split (diversified) between a couple of IRA's that were transferred from 401K's a couple of CD's, and very <strong>small </strong> stock portfolio.</p><p></p><p> As has been mentioned elsewhere, to stay afloat, make profit and ride out the lows, one must be diversified and keep overhead to a minimum. You won't find any luxury vehicles etc. at this place. LOL We have what we need. An old Ford 2600 tractor, all the vehicles are 1988 (finally sold the 77 Chevy), ancient mower and rake, baler from the time of Methuselah, etc. However, everything is paid for, no notes. It took a long time for us to get to this point, many highs and lows, times in the red and times in the black.</p><p></p><p> As far as "stand to lose", any investment has it's risks. If cannot stand to lose that (hypothetical) $10,000 you have floating around, then only invest $5,000 in whatever investment you're thinking about. If losing that prospective money will cause you to go belly up, then don't risk it.</p><p></p><p> Sorry for rambling.</p><p></p><p>Katherine</p></blockquote><p></p>
[QUOTE="Workinonit Farm, post: 194169, member: 839"] Ask anyone who took a hit end of Oct. 1987. Diversity is a necessity. For those (who work off the farm/ranch) who have the option to participate in a 401K plan, do it. Start an IRA if possible. To the original question, I/we here have some diversity regarding "livestock". In addition to the cows, we also have hogs. Run chickens and rabbits on an even smaller scale. The rest of the "eggs" are split (diversified) between a couple of IRA's that were transferred from 401K's a couple of CD's, and very [b]small [/b] stock portfolio. As has been mentioned elsewhere, to stay afloat, make profit and ride out the lows, one must be diversified and keep overhead to a minimum. You won't find any luxury vehicles etc. at this place. LOL We have what we need. An old Ford 2600 tractor, all the vehicles are 1988 (finally sold the 77 Chevy), ancient mower and rake, baler from the time of Methuselah, etc. However, everything is paid for, no notes. It took a long time for us to get to this point, many highs and lows, times in the red and times in the black. As far as "stand to lose", any investment has it's risks. If cannot stand to lose that (hypothetical) $10,000 you have floating around, then only invest $5,000 in whatever investment you're thinking about. If losing that prospective money will cause you to go belly up, then don't risk it. Sorry for rambling. Katherine [/QUOTE]
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