Unbalanced Portfolio??
Yesterday, on NPR’s Morning Business Report, an announcer floated an interesting thought. As Americans we put too much money in our houses. The tax laws are skewed toward real estate, but he may be right.
If you read anything about investing you’ve read plenty of articles about how you should be re-balancing your portfolio. If you roll the investment you have in your house into the total of your investments, and you should, then your house is probably a big chunk. Real estate is also illiquid, had to sell, when you compare it to stocks and bonds.
Everybody has to live someplace, but from an investment perspective your house has more of your wealth than makes good sense.
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POSTED IN: Being A Boomer, Boomer Talk, Finance
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