Home grown tomatoes – their similarity to investing for income return
The three things I consider to be remarkably similar to investing your money for an income return and growing tomatoes at home are:
1) Both require time and nurturing on a regular basis
2) If you have not done it before or not previously had success; it’s a great idea to get some help
3) The results cannot be completely guaranteed, but if you follow a few simple rules of thumb you’re likely to achieve the results you want.
When I was asked if I would like a tomato plant, always being up for a challenge and trying something new, I immediately said yes. Upon being presented with my tomato plants (I was very kindly given 2) I realised I had no idea how to look after them… well my basic knowledge of biology had taught me water and sunlight for some photosynthesis would help, but how much water? How often? Did I need to keep the plants warm?… etc were all questions that came to light once I had the plants placed in my window. Once my friend had given me the basics (water every day, they don’t mind about the temperature fluctuations (although I did move them from the windowsill on some nights as I didn’t want the poor things getting cold), feed them with some Tommorite once a week and nip off any growth between branch splits; I was extremely happy!
I continued to perform the tasks (enjoyable tasks I might add) on a regular basis but I had no expectation of what tomato yield I would get from the plants. This was fine because I had not got the plants in order to sustain myself on tomatoes throughout the summer months, but if that was my goal, I now know three key considerations:
Ripe tomatoes aren’t steadily forthcoming, one day there will be none (no tomatoes on toast), the next there will be loads (tomatoes on toast and giving some to friends!). Now, unlike a financial value, a tomato can’t remain invested (and remain on the plant), but has to be taken as a nutritious form of income (and then kept in the fridge) as and when they are ready or they will go bad.
Planning around this factor will allow me to provide myself with tomatoes all summer long next year, as long as I have enough plants and fridge space, whilst also understanding that there will be an element of unpredictability and my yield will not be guaranteed as and when I want it. However, knowing this will allow me to make adequate preparation so I don’t rely wholly upon it. And this is exactly the same when investing for income return.
The sense of satisfaction of growing something based on a plan you formulate, when you do reap the rewards, is amazingly satisfying! Again, either return of investment in house plants or finances when they go well, generate these feelings.
Here’s to next year’s harvest!!