Quote:
Originally Posted by noclue
I like Garth Turner but although I agree that condos are going to tank, I don't agree with the amount of % decline for SFH as he is projecting.
Plus he caters to people who are old or with families... if you are young, take more risks instead of ETF's and preferred! Not saying shove it all into individual stocks/gold but allocate more of your % into risk.
|
i do and don't agree with you - i agree that you should have more exposure to 'risk', i.e. growth markets (global markets, S&P 500, etc) - but these should all be had through ETFs, diversification is key at all ages, it just decreases your risk, while maintaining your return - so risk adjusted, you're getting way higher returns.
unless you have hundreds of thousands of dollars, etfs are the best way to go - most of us don't have the time or the expertise to invest wisely in individual stocks - i feel i have hte latter, but not the former, hence i only invest in longer term investments, mostly through ETFs - if i didn't work for a living, i'd be in a different situation, but i enjoy utilizing my free time to do fun stuff, not review financials and read articles all the time