Growing For Market Podcast · How to make a plan to be profitable with Julia Shanks and Dan Brisebois authors of The Profitable Farmer
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use a five-year plan that emphasizes intensive work in year 1, then annual reflection and adjustment
“We do run an annual investment plan… one-year horizon for risk positioning… five-year horizon… we have a portion of the portfolio that’s in illiquid assets… need the right buffer to avoid forced seller.”
“The annual cap on this before tax contributions currently sits at around $32,500 a year. And if you haven't used your full cap in previous years, you can often carry forward the unused amount for up to five years”
“We worked 11 hours a day for seven days a week for probably five years.”
“They need to keep their records of changes for five years. If they use A2LA as their accrediting body.”
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