401K is similar to superannuation. yes, I just looked it up.
Diversity is very important, or so I believe, and the sooner one get's started, the sooner things progress towards creating a situation one could call financial freedom.
One of the ones we wanted to get into which seemed like it was a decent route, we later learned that it was controlled by the Italian mafia in the Southern New England
This could have been good...All you'd need to do was watch Casino and Goodfellas and you'd be good to go. Seriously though, maybe you dodged a bullet here, quite literally.
I watched my portfolio lost half its value in a week.
Yep, I've seen the same, the GFC was rather fucken brutal. This is where diversity helps to mitigate risk. It's a good lesson to learn.
We are trying to get into real estate somehow, knowing that it’s a good hedge if you can do it correctly.
I was a commercial and residential real estate agent, investor and developer for over twenty years...It can be very lucrative but for sure, as you say, the best/right opportunity needs to be found...and even then, it could all go to shit. Diversity again, is the best way.
Lol.