Quote:
Originally Posted by bigdog
I'm looking for investment options in today's crazy times....
Stock market - Forget It !
Bonds - Nope !
Gold & Precious Metals - Can't take a gold bar to Wal-Mart or Hannaford
Annuities - Long term, and big penalties if withdrawn before maturity
Which leaves real estate ! Not interested in residential housing or commercial.
I'm thinking of residential land, because God's not making anymore
I realize that land is not really liquid asset, but in today's market, it could turn-over in a reasonable time-frame if I needed to cash-out. By reasonable time-frame, I mean within 6-12 months.
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Do you own a home? Do you own a 2nd home at the lake? Well, you're already heavily invested in real estate. Why put more eggs in that basket?
Personally, I recommend at least 50% in a low-expense, total market, index fund, like VTSAX or an ETF like VTI. Yes, stocks go up and down, but on average they out-perform real estate.