We all instinctively approach most decision making as a simple process of calculating risk and reward. When it comes to building a diversified portfolio and making a long-term financial plan for retirement, the individual choices that must be made – both initially and on an ongoing basis – carry enough weight that their potential for risk or reward must be considered carefully.
For many investors, the concept of owning residential or commercial real estate as a means of growing and diversifying their portfolios seems like a solid strategy. However, the cost of outright real estate ownership coupled with the time and attention needed to maintain it can put these investments out of reach for much of the general populace.
If you are like most professionals, you’ve most likely worked for more than one employer during the course of your career. While “job-hopping” was once a frowned-upon activity, these days, it is neither uncommon nor the subject of much stigma to be employed by many different firms throughout your working years.