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Author: legalwordwarrior Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308367  
Subject: Re: Possibly the worst retirement investment Date: 5/23/2013 1:55 PM
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What it portrays is that people are taking risky and potentially costly actions, like cashing out or borrowing from retirement accounts, to invest in real estate. That doesn't mean that real estate investing is bad. It means that people who are investing in real estate (or gold, or individual stocks, or energy futures, or collectibles, or any other investment that they often can't buy in their retirement account) are taking significant risks, which they may not completely understand.

With so much uncertainty perceived in retirement accounts these days, I wonder if some folks are simply trying to find a faster/better rate of return on their money?

One of my step-brothers was a contractor for years and after building several apartment complexes in Idaho, he decided to invest in climate controlled storage units. He's making a killing in it. One of his other brothers is now investing in his storage units. He figures it will get him a better return than the sad little retirement account he has through his teacher's retirement.

LWW
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