A build too cool to miss:Mike's GreenhouseA great example:Joseph's Garden
All the soil info you'll ever need:
Redhawk's excellent soil-building series
Jd
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Trace Oswald wrote:I would invest it in a Vanguard mutual fund. Everything is super low right now and
whenif the economy rebounds, you will make a great deal of money, and you'll be much further along on your way to buying land or what have you.
A piece of land is worth as much as the person farming it.
-Le Livre du Colon, 1902
Bonzie Durmus wrote:I have 5k saved. What would you do with it?
Iterations are fine, we don't have to be perfect
Timothy Markus wrote:
Trace Oswald wrote:I would invest it in a Vanguard mutual fund. Everything is super low right now and
whenif the economy rebounds, you will make a great deal of money, and you'll be much further along on your way to buying land or what have you.
The whole economy could also go tits up, in which case you will lose a great deal of money. Invest in what you know. If you don't know enough to invest, it's definitely worth it to put in the time to learn. A couple of pregnant cows should cost less than $5k and cows and calves will almost always be worth something.
A build too cool to miss:Mike's GreenhouseA great example:Joseph's Garden
All the soil info you'll ever need:
Redhawk's excellent soil-building series
"The rule of no realm is mine. But all worthy things that are in peril as the world now stands, these are my care. And for my part, I shall not wholly fail in my task if anything that passes through this night can still grow fairer or bear fruit and flower again in days to come. For I too am a steward. Did you not know?" Gandolf
Marco Banks wrote:If the goal is long-term savings, ultimately for retirement, I'd put it into a Roth IRA and not touch it until you turn 67.
The best long-term investment is a simple Index Fund. It's been shown that Index Funds out-perform managed funds close to 70% of the time, and thats BEFORE managed funds begin to charge you fees. With some funds charging upwards of 2% to manage (READ: mismanage) your money, putting your money in such vehicles will cost you thousands of dollars over the long run. Index funds select their stock purchases simply with a computer. No manager is necessary, and, as I said above, they consistently beat the pants off of high cost mutual funds.
Here's a great podcast that explains it.
https://freakonomics.com/podcast/stupidest-money/
As said by someone above, now is a great time to buy because the market has been beat-up pretty good with the Covid hysteria. But long term (a 30-year lineline), it doesn't matter that much when you jump in -- just that you do and then show the patience to stick with it and continue to regularly add to it.
A build too cool to miss:Mike's GreenhouseA great example:Joseph's Garden
All the soil info you'll ever need:
Redhawk's excellent soil-building series
You are welcome to check out my blog at http://www.theartisthomestead.com or my artwork at http://www.davidhuang.org
My latest blog post is Recent Studies Reveal Awesomely Effective Treatment for Rampaging Disease.
Invasive plants are Earth's way of insisting we notice her medicines. Stephen Herrod Buhner
Everyone learns what works by learning what doesn't work. Stephen Herrod Buhner
"Be excellent to each other"
"Be excellent to each other"
Good decisions come from experience. Experience comes from making bad decisions. Mark Twain
Nick Neufeld wrote: Trying to time the market is a fools game
Bonzie Durmus wrote:I have 5k saved. What would you do with it?