3 ms·

A percentage equal to your age in long term bonds and the rest in index funds, I strongly recommend Vanguard. It is my opinion that investing in rental property

A percentage equal to your age in long term bonds and the rest in index funds, I strongly recommend Vanguard. It is my opinion that investing in rental property is the best thing you can do. If the the economy tanks, that just means people who had money have to sell their house and rent.

exolymph 7y ago
Rental property is fine but it's not hands-off. Probably more risky and error-fraught than is suitable for most people, unless they want a full-on side gig.
- thrower123 7y ago
  Rental property is a good income stream and investment, but it definitely isn't free money. Things will come up, and you have to be ready to either spend money or put some sweat in to fix problems. And you're on call and have to respond if things go sideways. I mean, just the other day I got a call from one of my tenants, and had to leave dinner to go clean up a squirrel that crawled into the ceiling and died up there... I've been on vacation in Mexico in the middle of February and got the call that the oil burner had quit, and had to scramble from there to get it replaced before the house froze.
wcoenen 7y ago
Your first and second sentence seem to contradict each other.
- mjevans 7y ago
  When I said 'planning' I'm trying to include current plans and revisions to them. My point being that there's a major population bubble to contend with and we haven't really addressed how to handle that (at least in America).
- jressey 7y ago
  I think that's fair to say. If you wish to incur risk and put some of your savings to work, then I would recommend the rental property game. I think it is the most effective way for a white collar worker to amass wealth in a single working lifetime. You must also take advantage of compounding savings in the market. The mix of these 2 is dependent on the risk the person/couple is willing to incur.

3 ms·

A percentage equal to your age in long term bonds and the rest in index funds, I strongly recommend Vanguard. It is my opinion that investing in rental property

by jressey 7y ago

exolymph 7y ago
Rental property is fine but it's not hands-off. Probably more risky and error-fraught than is suitable for most people, unless they want a full-on side gig.
- thrower123 7y ago
  Rental property is a good income stream and investment, but it definitely isn't free money. Things will come up, and you have to be ready to either spend money or put some sweat in to fix problems. And you're on call and have to respond if things go sideways. I mean, just the other day I got a call from one of my tenants, and had to leave dinner to go clean up a squirrel that crawled into the ceiling and died up there... I've been on vacation in Mexico in the middle of February and got the call that the oil burner had quit, and had to scramble from there to get it replaced before the house froze.
wcoenen 7y ago
Your first and second sentence seem to contradict each other.
- mjevans 7y ago
  When I said 'planning' I'm trying to include current plans and revisions to them. My point being that there's a major population bubble to contend with and we haven't really addressed how to handle that (at least in America).
- jressey 7y ago
  I think that's fair to say. If you wish to incur risk and put some of your savings to work, then I would recommend the rental property game. I think it is the most effective way for a white collar worker to amass wealth in a single working lifetime. You must also take advantage of compounding savings in the market. The mix of these 2 is dependent on the risk the person/couple is willing to incur.