Investment real estate
Gold and other tangible assets
Long-term returns similar to stocks
Difficult to sell -- illiquid
Must pay ongoing property taxes unlike securities
Income tax reform of 1980s reduced attractiveness of real estate investments
You should have some real estate in your portfolio
For most people, your home provides plenty of exposure to real estate
If you rent your housing, you may want to consider investing in a real estate mutual fund
Generally best as a hedge against inflation in paper money
Long-term returns are poor
Much lower returns than stocks
Barely keep up with inflation over the long run