Rentals and your retirement portfolio

I’m not an investment advisor. I do have personal experience in investing going back over 40 years. I’ve been retired for nearly two years and have no regrets so far.

“Rental properties carry concentrated risk, illiquidity, and management overhead…The return needs to be significantly better [than an investment elsewhere] to justify the extra complexity. Often, it's not.”

Per the link below, I’ve never owned or managed rental property—too much work and risk for my taste.

But any investment portfolio should be diversified, and that includes real estate. If you own your home or at least have equity in it, you already have a real estate investment. For most Americans, that’s most of their personal wealth.

Beyond that, you can buy REIT shares if real estate is real to you.

But diversified also means equities, bonds, treasuries and, yes, gold. Not in equal proportions—that depends on your appetite for risk. That’s up to you. I haven’t figured out how to monetize a good night’s sleep.

But unless you enjoy the power trip of being a landlord, let it go.

https://www.star-telegram.com/news/business/article315788401.html?utm_source=mcc&utm_medium=facebook&utm_campaign=kw-auto&cid=cmt_aud_pdsoc-fb_mcc-kw-auto_2026&kwp_0=2618520&kwp_4=7193527&kwp_1=3042592&utm_id=120246827718050531&utm_content=120246827719000531&utm_term=120246827718120531&fbclid=IwY2xjawR5zEdleHRuA2FlbQEwAGFkaWQBqzPaS6ruQ3NydGMGYXBwX2lkEDIyMjAzOTE3ODgyMDA4OTIAAR5DOor6FWrL1Kpw8rsPB7OZDLezMSb9CHADyJp9XlAKd7EWvkSgJUuXEp-dzg_aem_WYZVexprZspwj6uxJbk91A

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