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 Elite Veteran
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| If you had around 5-7k to invest what would you do with it to get a return? Cattle? Stock Market? Land? |
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 A Somebody to Everybody
Posts: 41354
 
Location: Under The Big Sky Of Texas | sourkiss378 - 2015-04-20 2:29 PM If you had around 5-7k to invest what would you do with it to get a return? Cattle? Stock Market? Land?
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  That's White "Man" to You
Posts: 5515
| Iranian currency! lol
Actually I'd stick it in a Certificate of Deposit, or something low risk. I think we are a long way from a stable economy. You may not earn anything on it...but at least you won't be throwing it away.
ETA: If you can ride it or eat it...it might come in handy.
Edited by Whiteboy 2015-04-20 3:05 PM
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What Name?
Posts: 1994
| cattle is sky high right now from what I understand. I've always done medium-high risk stocks. But I always invested that money straight out of my paycheck.. I'd probably just invest that into a program with my bank to draw interest
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Tried and True
Posts: 21185
Location: Where I am happiest | honestly, 5 to 7k wont get you a big investment on land or anything like that. Me, I'd probably buy a couple bred heifers if you have the land and means to feed them. Cattle are really high and it looks like they will remaign very high as our numbers are lower then they have been since 1950. You wont get a return untill next year at the earliest, but 4 bred cows will give you 8 cows next year, or fall. Depending on when they are due. If you have the land to build a herd, thats where I'd go. |
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Elite Veteran
Posts: 1094
Location: Idahome | ThreeCorners - 2015-04-20 2:51 PM honestly, 5 to 7k wont get you a big investment on land or anything like that. Me, I'd probably buy a couple bred heifers if you have the land and means to feed them. Cattle are really high and it looks like they will remaign very high as our numbers are lower then they have been since 1950. You wont get a return untill next year at the earliest, but 4 bred cows will give you 8 cows next year, or fall. Depending on when they are due. If you have the land to build a herd, thats where I'd go.
This. You can write off all of the expenses from your cattle as well, like hay and grain, etc. Cattle prices are very high and for the most part require little maintenance. |
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That's White "Man" to You
Posts: 5515
| Just remember...if you buy at the top there is only one way to go. |
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 Playing the Waiting Game
Posts: 2304
| Talk to a stock broker like edward jones and see what they hve to tell you.. Mine has done great with my 401 K
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Expert
Posts: 1695
Location: Willows, CA | Just buy a cheap performance horse. Everyone who has one for sale says that they will win you that money back in no time. |
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That's White "Man" to You
Posts: 5515
| winwillows - 2015-04-20 4:48 PM Just buy a cheap performance horse. Everyone who has one for sale says that they will win you that money back in no time.
But it has 1D potential! |
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Extreme Veteran
Posts: 464
| DO NOT buy cattle. We're not far from a down turn. 18 months tops. You won't get much land with that much money either. I'd go with blue chip stocks, a mutual fund, or perhaps even an unmanaged index fund. |
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 Loves to compete
Posts: 5760
Location: Oakdale, CA | ThreeCorners - 2015-04-20 1:51 PM honestly, 5 to 7k wont get you a big investment on land or anything like that. Me, I'd probably buy a couple bred heifers if you have the land and means to feed them. Cattle are really high and it looks like they will remaign very high as our numbers are lower then they have been since 1950. You wont get a return untill next year at the earliest, but 4 bred cows will give you 8 cows next year, or fall. Depending on when they are due. If you have the land to build a herd, thats where I'd go.
land or bred broken mouth cows...............Stock market maybe good but you pay taxes on whatever you do everything is under an irs microscope!!! |
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Location: Texas | Cattle prices are high, but steady. Even if cattle prices were to "drop", it will not be an unrecoverable drop by any means.
Cattle is like land; currently land in our area is going for 5-7K an acre, without mineral rights. The value of land is only going to continue to rise, you may find some good deals, but we will never see $400/acre again.
The best thing to do, with your amount of money, if you wanted to invest in cattle.... Buy skinny/poor cows, (we are currently buying them out of Louisiana - inexpensively) open or bred, fattened them up, send to the packing plant. Hanging weight is top dollar right now and you would raise the calves/yearlings the cows produced and continue....
We run over 7,000 head of cattle, in three states, you can't go wrong in the beef industry.
Edited by EqualRanch 2015-04-20 5:57 PM
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