While the basic idea of diversifying my investment portfolio into agribusiness investments was sound, it turned out that this investment was driven mostly by the up-front tax deduction available to investors, and suffered from huge management and promotion costs (IE. fees and bonuses paid to financial advisers) that were more in line with life insurance products than your typical investment fund.
One consolation is that I wouldn't have done especially well investing in a listed agribusiness company such as Wesfarmers, and would have done almost as badly if I'd put my money into a supposedly 'safe' agribusiness such as the Australian Wheat Board. And I could have lost even more if I'd invested the money in a dot.com company in 1999 (unless I'd picked Google or one of the other exceptions).
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