Some farmers are taking advantage of high prices to sell part of the farm, then enjoying farm life with less work and no debt
So far this year I have heard of at least half a dozen farmers who sold off part of their farm, kept farming debt-free and had big bucks in the bank. One farmer who did this was out of debt at age 41. Another was pushing 50 and had a million bucks in the bank. […] Read moreIs it time to sell part of the farm?
Is it time to sell part of the farm?
Some farmers are taking advantage of high prices to sell part of the farm, then enjoying farm life with less work and no debt
So far this year I have heard of at least half a dozen farmers who sold off part of their farm, kept farming debt-free and had big bucks in the bank. One farmer who did this was out of debt at age 41. Another was pushing 50 and had a million bucks in the bank. […] Read moreFavourite stock update
In this column, Andy Sirski explains how stocks often rise during U.S. election years, and mentions some of his new favourite stocks
History shows that industrial and financial stocks generally do well during U.S. election years like this year. One reason for this is that economic performance statistics seem to improve during election years. Statistics like the number of jobs added to the labor force and number of cars sold may go up. We might even see house prices […] Read moreHow to build weath
Andy Sirski explains how you can build wealth with lots of money and no knowledge, or a little money and lots of knowledge
Long time Grainews readers know I left home with almost no money and no knowledge about how to make money work for me. I had to learn this as I went through life, worked at a busy job, helped raise five children and planned for retirement with no guaranteed pension. We’re comfortable, so I think […] Read morePension reform and tax tips
As you’ve likely heard, Prime Minister Steven Harper has been musing about adjusting Canadian pension rules. Those doggone baby boomers are at it again. First they crowded the school system, then the housing system, then wouldn’t retire (keeping young folks out of jobs) and now by golly, when they do retire, they’ll endanger the Canadian […] Read more
Don’t be too hard on yourself
Don’t be too hard on yourself and for heaven’s sake don’t think you’re a failure if the last eight or 10 years have dragged your farm down. Low grain prices in the early part of the decade, BSE, drought, storms and now flooding have been a pain in the butt and wallet for hundreds, maybe […] Read more
Tips On When To Sell Stocks
Over the years I ve been quite good at buying stocks at or near bottoms by using my favourite market indicators the MACD (Moving Average Convergence/Divergence), the Relative Strength Indicator (RSI) and the full stochastic. They come from different sources of information so when they start to move in the same direction I usually pay […] Read more
Six Qualities Of Successful Farmers
Over my 41 years of working with farmers in Western Canada, I have noticed common qualities of successful farmers I have met over the years. From what I have seen, four categories more or less make up a decent person. They include decent mental, physical, financial and spiritual health. But I think we can expand […] Read more
A Look Back: Stocks One Year Ago
I believe that most stocks are going to trade sideways for years to come. I suspect the U.S. administration studied the mood of the American public and hopes that if it can keep the value of their investments up, that Americans will keep spending money. A few years ago Americans were quite busy spending money […] Read more
Understanding And Acting On Tops And Bottoms
The stock market offers us many ways to make money. The most common one is buy and hold, although many would like to buy low and sell high. Many investors feel the buy and hold strategy doesn’t work anymore but few know how to buy low and sell high. To do that, we likely need […] Read more
Cyber-Savvy Farmer
