With the understanding each of us try to maximize the return on our earnings, what options exists to invest/safe guard/grow one’s income for a rainy day? Here are some I can think of –
I understand not all of the options can be favorable at any given time. What investment categories do you currently use or foresee using for your needs. Thanks for your insights.
For the foreseeable future (10-15 years?) my diversification includes – stocks, cash, house, and Roth/401k.
I like real estate. I just like the idea of income flow from real estate each month so that I don’t have to touch my other principal.
With stocks and other financial instruments, unless you get interest/dividends, you have to sell in order to spend. I don’t like to sell. I know it’s a psychological thing for me.
It would be hard for me to sell bars of gold, coins, etc..
I also like the idea that you need to be physically active to maintain your properties. The better you maintain your properties, the better the rents in the long run. There’s a sweat equity/profit component.
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