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December 3, 2011
Investing in a Ranch
Some people view owning a ranch as an investment. The returns are positive, but they are only part of the story. Ranch land can be hard to sell or value. Also, ranches cost a lot of money to keep up, so even if the land is gaining value, owners still have high costs for upkeep. Ranch land still holds a spot in many wealthy investors? portfolios though. Some of the return is the enjoyment of actually being at the ranch or working the land.
See Paul Sullivan, Wealth Matters; Owning a Ranch Offers Returns Beyond the Financial, New York Times, July 30, 2011.
Special thanks to?Jim Hillhouse (WealthCounsel) for bringing this article to my attention.
December 3, 2011 in Estate Planning - Generally | Permalink
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