Into year two of retirement. After retirement I was able to purchase 45 acres of property adjacent to our home. While this may go against conventional advice, I look at it as providing diversity to my portfolio.
While I don’t know if there will be an investment return equaling other investments, I feel confident for the purchase price I paid, I am in no danger of losing money. The property can be divided with 4 or 5 potential building sites.
Also knowing the market has returned nearly all of the purchase price to me this year has made me feel okay with the purchase.
Upside for me is the property provides us with firewood for heating and wild game for food. A short two minute ride takes me up the ridge where I can have a peaceful view of the surrounding country side.
I have found that even in retirement I feel better if I can accomplish some physical work during the day and I have always enjoyed the activities I can do in a woodlot.
While I don’t know if there will be an investment return equaling other investments, I feel confident for the purchase price I paid, I am in no danger of losing money. The property can be divided with 4 or 5 potential building sites.
Also knowing the market has returned nearly all of the purchase price to me this year has made me feel okay with the purchase.
Upside for me is the property provides us with firewood for heating and wild game for food. A short two minute ride takes me up the ridge where I can have a peaceful view of the surrounding country side.
I have found that even in retirement I feel better if I can accomplish some physical work during the day and I have always enjoyed the activities I can do in a woodlot.