Unfortunately about half of the 401K is in cash, the remainder in equities which have done OK. I also have a modest IRA that is all invested in equities, approx 50% overseas. With a modest pension, SS income, and farm rent, I've not been overly affected by the low interest rates. Perhaps missing an opportunity for increasing income outside the retirement funds by not investing in equities with available cash, but I'm just not going to take that risk. Would prefer to buy more real estate but local farmers are pretty flush with cash and willing/able to bid prices well above the already high values. It would be rented to the current tenant, which results in a considerably negative nearby return. Five thousand/acre for hunting ground or ten thousand/acre for decent, but low organic matter clay soil is in my book unreasonable. Patience needs to be practiced.
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Today's Featured Article - The 8N and the Fox - by Zane Sherman. Dec. 13 1998, Renfroe, Alabama. Last niht I dreamed about the day that I plowed the field of about 10 acres over on what Jimmy and Dandy called the Ledbetter field. I was driving the 1948 8N Ford tractor that Jimmy bought in 48 new This was prebably in about 1951 and maybe even befor the house was built. This would have made me to be about16 years old and I drove the tractor for nothing and would have paid to drive it if I had had any money which I didn't, but neit
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