Big List of Anti-Lists: Asset Classes NOT Owned By Some Experienced Investors

Every asset class has its energetic supporters, from rental properties to altcoins to gold. Listening to each group, you may feel that you need to own every asset class in order to be “diversified”. However, sometimes less is more, and it can be useful to read about why many seasoned veterans consciously avoid certain corners of the investment world. I find it a refreshingly different perspective, even if I may or may not agree. Other times, you may need something that others don’t. Here are a few lists along with supporting arguments.

William Bernstein – MD, author and wealth manager. I compiled this list while listening to the linked interview.

Commodities Futures
Individuals Stock
Corporate bonds
Long-term bonds
Fixed annuities

Jonathan Clements – financial author and long-time WSJ columnist

Savings bonds.
Long-term bonds.
High-yield “junk” bonds.
Municipal bonds.
International bonds.
Individual stocks.
Immediate fixed annuities (but he does plan to buy some eventually).
Deferred income annuities.
Gold
Commodities
Real Estate Investment Trusts (REITs)
Rental properties.
Long-term-care insurance.
Life insurance.
Disability insurance.
Flood insurance.

Amy Arnott – CFA, portfolio strategist for Morningstar Research

Actively Managed Funds
Real Estate Investment Trusts (REITs)
Sector Funds
Alternative Investments
I Bonds
High-Yield Bonds
Gold

Let me know if you come across any other “What I Don’t Own” lists.

[Image credit: Amazon]

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Big List of Anti-Lists: Asset Classes NOT Owned By Some Experienced Investors from My Money Blog.