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"From way back, Kenoops said: why maintain rental property when you can buy a diversified portfolio of REITs, and further diversify with various utilities or other investments.

Well, for me, it will be a desire to own more tangible assets, outright"
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You should, of course, do what feels right to you.

As far as "tangible assets" are concerned, I no longer literally own any rental property or rent any. Through my REITs, however, I "own" and "rent" hundreds of properties all over the United States in more than half a dozen different types of real estate, ranging from apartment buildings, offices, shopping centers, malls, and self storage facilities to manufactured home builders and health care facilties. This makes me feel a lot more secure than I felt a few years ago with one small rental house in a single area where residential real estate values were declining. And the lower volatility of REITs has to be seen to be believed--even in the midst of the current crisis. (Hence, why bother with bonds?)

As far as "cash" returns are concerned, I would favor money markets over CDs. They are much safer than banks, in reality, although few people seem to be aware of it. The presumed safety of banks is an illusion. If more than a handful fold you have a real problem, despite the FDIC, which has very little money, actually.
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