Most people have little to no real asset exposure...
In a world of 7% inflation, is that wise?👇
In a world of 7% inflation, is that wise?👇
https://twitter.com/MebFaber/status/1448370508957847556
To everyone asking "why not include your house"; because no one ever quotes their portfolio returns *including* their house.
"My portfolio was flat last year"
"Wait, I thought you were 100% in tech stocks that went down 50%?!"
"I am, but my house was up 50% so I'm flat"
"My portfolio was flat last year"
"Wait, I thought you were 100% in tech stocks that went down 50%?!"
"I am, but my house was up 50% so I'm flat"
It's mental accounting or bucketing, but my experience is people rarely think about it together.
If you could have a more optimal portfolio including real assets, regardless of house value, most would take that choice IMO.
If you could have a more optimal portfolio including real assets, regardless of house value, most would take that choice IMO.
your house is also HIGHLY concentrated investment exposed to one geography etc...for better or for worse.
maybe I'm just grumpy since I walked in our house yesterday to find mushrooms growing out of the walls...
maybe I'm just grumpy since I walked in our house yesterday to find mushrooms growing out of the walls...
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