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Savings are useless now because interest rates are low. Investment is the key, real estate investment is one type of investment, which carries both high risk and high reward potential. There are many other investment vehicles available, and most people should pursue a diversified portfolio of investments.

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Diversified portfolios are the common suggestion of financial gurus, but in the Great Recession I doubt any of them lost less than 25% if they beat inflation beforehand. (That is, they weren't so diversified after all.) I don't put much weight in their recovery since then, given the near-free money available from the gov't.

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