Retired couple advised on land speculation risk
A reader asks about buying 20 acres at 700 dollars an acre on a highway for future profit and lower capital gains taxes. The adviser warns speculation is risky for retirees, noting that markets can turn and land may sit unused for generations, yielding little or no return.
Panama Canal traffic hits an all time high
The Panama Canal is handling record numbers of traffic through May, with 11 340 ocean going vessels, up from 10 758 the prior year. Governor Walter Leber notes increased efficiency and forecasts continued growth as negotiations with the United States over the canal’s sovereignty and future operations proceed.
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