Courtesy of Tess WaresmithHer current portfolio: real estate, index funds, individual stocks, crypto, and cashWaresmith has continued to diversify her portfolio over the years.
"But then there are other ways to diversify within the stock market and also outside the stock market.
"I think there's a misconception around real estate investing that you have to have 300 units to be successful," she said.
In her case, the first deal she did was "a total game changer and allowed me to invest more in the stock market.
The stock market: index funds and individual stocksWaresmith prefers index funds because "it's such an easy way to get exposure to the whole stock market," but a small portion of her portfolio, less than 5%, is in individual stocks.
Persons:
—, Tess Waresmith, Waresmith, Tess, Waresmith's, I've, she's, I'm, It's
Organizations:
Service, Boston University, Fortune, Business, BU, America
Locations:
New England, America, Tampa , Florida, Salem , Massachusetts, Tampa, Massachusetts