This is a very difficult question. If you looked over history, imagine your drop somewhere in history, like in the last hundred years, and youre to say, would buying a house be a better investment than, let's say, putting your money into the stockmarket? I think generally the answer would have been no. What you're really doing is you're locking up your house ind cost. And i think most people will own. Even people like alman or rent for ever. There are some headaches associated wih owning that you won't get as a renter. But if you can empirically look at s that way, it's just a smarter way, i think, to
Nick Maggiulli is a financial educator, author of the blog “Of Dollars and Data”, and the newly released book “Just Keep Buying: Proven Ways To Save Money And Build Your Wealth.” In this episode, we talk with Nick about the robust empirical research that has gone behind the insights and ideas presented in his new book! You can follow Nick on Twitter at https://twitter.com/dollarsanddata and buy his book at https://ofdollarsanddata.com/justkeepbuying/ Show Notes:
- Coming up with title of the book
- The save-invest continuum
- Is buying a house a good investment?
- Debt: Good or bad?
- On being shaped by our experiences
- One path the wealth creation?
- 2020 vs 2021 as an investment year
- Handling emotions during a bear market
- Importance of diversification
- The ideal asset allocation
- The Great Reshuffle
- The argument against stock picking
- Negative yield bonds
- Lump sum vs. DCA
- Index investors or momentum investors
- Life as a growth, and value stock
Books Mentioned:
- Just Keep Buying; by Nick Magguilli
- Security Analysis; Benjamin Graham
- The Intelligent Investor; Benjamin Graham
- Influence; by Robert Cialdini