14 Comments

  1. saverspender says:

    You and Pauline over at Making Money Your Way are brilliant for alternative investing strategies. For me, it’s totally out of my comfort zone but I’d be interested in investing in coconuts, cattle… all these things that I have no experience with, but being in Canada I’m afraid of being ripped off by someone in Brazil or wherever these crops / herds happen to be.

    • Jim says:

      Thanks saverspender, I consider it quite a compliment to be mentioned in the same sentence as Pauline! Yea, don’t know much about coconuts in Brazil, but unless you are there and can oversee your coconuts, I would pass. I find it best to be able to oversee your investments and pay them a visit on a regular basis, that way it keeps everyone honest.

  2. Jim, how did you get into this racket? Did you just approach a farmer and say, wanna hook up? 🙂

    • Jim says:

      Well I actually fell into it. My friend is a cattle broker, knows all about raising cattle and he has access to land. He had the idea to get a few investors to buy them, he would raise them, and then sell them to the highest bidder. He gets a cut from all the investors.

  3. Marvin says:

    I would love to own a cattle farm but know absolutely nothing about it. But the numbers you suggest are quite good for an investor.

    • Jim says:

      I have to admit Marvin, I new very little about it, truth be told I still do. I am not sure that is the best investment strategy, but I knew what I had, as they were all tagged, and I knew where I could go see them, and I had a contract, so I thought it would work out. Totally a gut feeling investment!

  4. Jamie V says:

    I’m so glad that this investment is paying off for you! Did you by any chance get to keep any of the beef? Also, is this over now, or has your friend kept some cattle to reproduce to replenish the herd, and then retry again in another year or two?

    • Jim says:

      No I did not get to keep the beef, they were strictly to raise and sell. In a self-directed IRA I cannot have any benefit until I am 59 1/2 or else I could pay a penalty. May buy a couple in the future though, outside my IRA.

  5. You can’t argue with the numbers, Jim. Beating a bull market, yuk yuk, is no easy feat. Plus, now you’re forever immune from the insult of “big hat, no cattle”. 🙂

  6. I like this idea. We have a number of friends who own/raise cattle and we buy from them, but I never thought to see if they would be willing to cattle-sit for us. I think I’ll look into the numbers a bit more.

    Thanks for the suggestion. I might even score some inexpensive quality grass-fed beef for myself at the same time!

    • Jim says:

      That’s for sure, I am thinking of just getting a couple to grass feed and use as food rather than an investment! I think the price of beef will continue to increase, so raising your own can drastically offset the grocery store prices.

  7. Michael C says:

    Would you share who you went with as the IRA custodian? Also, did this investment generate any UBTI tax?

    Thanks for the information.

  8. Bret says:

    76% conception rate is pretty low; next go round, make sure you don’t have a trich problem.

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