The persistence of local culture. Underlying these various visions of globalization is a reluctance to define exactly what is meant by the term culture. During most of the 20th century, anthropologists defined culture as a shared set of beliefs, customs, and ideas that held people together in recognizable, self-identified groups.
Rental properties, asset backed lending, renovated flips and even real estate options are just a few real estate investments IRA owners are capitalizing on. There are a multitude of benefits to having real estate in an IRA, including compound interest in a tax favorable account and an added layer of security in unstable markets.
Several low-cost REIT index funds and ETFs are available that provide instant diversification across the entire commercial real estate market. See All About Asset Allocation for more information on the benefits of adding real estate to your investment portfolio. See blog disclosure here. The views and opinions expressed herein are those of the Rick Ferri, CFA, and do not necessarily reflect the views of Portfolio Solutions, LLC, its affiliates, or its employees.