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A balanced portfolio consisting of REITs, ETFs, & Bonds is easily performing above 7% in Canada. But the post does seem extremely naive. What it costs to maint
by jp555 12y ago
A balanced portfolio consisting of REITs, ETFs, & Bonds is easily performing above 7% in Canada.
But the post does seem extremely naive. What it costs to maintain real estate (property tax, maintenance, insurance, etc) makes even typically criminally-high mutual fund fees seem reasonable. Even if owning real estate really floats your boat why wait in fear for the next 2am call to fix a flooded basement when you can get a check every month from a REIT which being a dividend is taxed at less than half the rate of a rent income (which will likely be taxed at your highest marginal rate)?