4 ms·
> it is better for most people to make it a (small) part of a wider financial investment plan. Theoretically, you are right. Realistically, most people don't
by kijin 6y ago
> it is better for most people to make it a (small) part of a wider financial investment plan.
Theoretically, you are right.
Realistically, most people don't have enough left to invest a substantial amount of money in another market once their primary residence has been taken care of. Last time I checked, over 60% of the net worth of the average American homeowner consisted of their home, with their 401k's taking up a significant share of the remainder. I guess that's one reason why RDPD was so popular: it told people that they could become a "rich dad" by just continuing to do what they -- and everyone else -- were doing.