Would like some imput on the following. Having come into some money via an inhertiance we now looking at investments more with an eye towards tax savings. It seems one of our few options are land. Knowing " location,location,location " is the primary concern if we can assume we will be guided by that the following are my concerns. Are not all interest and taxes write offs? If one enjoys improving and working on the land would'nt this a good past-time into retirement while building up equity ? Would this be a good way to diverse our investments? No more then 20% of our total portfolio would go into this venture. What other investment besides or with this would you recomend ? At this time we have 70% in a 500 index fund , 20% in a tax-exempt fund , 10% in bonds,CD's, cash. Will appreciate any and all suggestions. THANKS
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