Often times, I have heard about investors who wish to purchase stocks or real estate in the United States or other places in the world. Whenever I encounter these people, I always recall the story of “Acres of Diamonds” which has been handed down over the generations.
It is a true story about an African farmer who through an acquaintance became enamored about prospecting for diamonds. Diamonds were already abundant in Africa and this individual was so excited about the idea of making his financial dreams come true, that he sold his farm and went directly to the diamond line. He searched all over Africa but as the years turned into decades, his dreams slowly faded until one day he committed suicide by jumping into a river.
The new owner of his farm took possessions and picked up a large and unusual looking rock about the size of a large egg and put it on his mantle as an ornament. A friend stopped by and in viewing the rock became hysterical. He told the new owner of the farm that the funny looking rock on his mantle was one of the largest diamonds that had ever been found. The new owner of the farm said “Heck, the whole farm is covered with them” and it most certainly was!
The farm turned out to be the Kimberly Diamond mine which is the riches the world has ever known. The original farmer did not have to go anywhere to find his wealth.
For these reasons, I am happy to keep on investing in my own back yard for a long time to come!