One Type of Long-Term Investment is Real Estate
While there are those that will argue that the return on a real estate investment is too minimal to save for retirement, I would argue that properly maintained and rented units will pay for themselves over time making them pure profit when the time comes to sell or simply to maintain a monthly income throughout your retirement.
The more rental properties you own the better your financial position and the more options you have when the time comes to sell those properties. Real estate is one field in which fortunes are made and lost on a regular basis.
Rental property is the safest bet for most when it comes to long-term investment and the most significant return on investment. There are options that go well beyond buy and hold when it comes to real estate. If this doesn't excite you perhaps rehabbing property or the even more speculative field of pre-construction investing will offer more appeal.
While real estate is a great option, you still need to carefully consider the best possible option for your needs and then work towards your goal.
Enjoy your retirement,
Greg
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