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Buy Agri-Profits
“Eighteenth- and nineteenth-century apartments in central Paris... and land.”
Those were the recommendations from a friend, a Frenchman whose opinion I respect, when I asked for his investment advice.
“Centuries-old bijou real estate in a brand-name city like Paris and productive agricultural land on which to grow corn, soybeans, wheat, alfalfa, fruit trees, grape vines, or timber,” Frank replied without hesitation. “Because the world is always going to need those things. The demand is only going to increase, no matter what.”
Productive land is the ultimate hard asset. Unlike a lot in a development community or a plot in the middle of a commercial district, productive land always retains the potential for yield. By definition, productive land is land where you could produce something of marketable value. When whatever you plant or herd reaches maturity, you harvest and sell. Productive land also provides diversification and can be part of a legacy wealth plan.
This can be about farming, but I'm not suggesting you pick up a hoe. You have good options for taking advantage of this classic diversification strategy without ever getting your hands dirty. Specifically, I recommend three productive land investments that you can participate in without having to learn much of anything about how to grow and harvest crops: timber (specifically teak), coconuts, and farmland.
Agri-Buy 1: Panama—Where Money Grows on (Teak) Trees
Historically, timber has enjoyed the best risk/reward ...
