How Much Real Estate VS Stock Do You Own?

[Tony Nguyen]

Hello all,

Right now, I currently have all real estate assets and no money in stocks. I met with a financial advisor yesterday, who is a trusted friend-of-a-friend, and suggests I put a chunk of money into tax savings retirement plans and invest into stocks. He mentioned a statistic that the "Ultra Rich" ($50M+ net worth) have 60% of their wealth in stocks and 40% is in real estate.

I was hoping to get some feedback from some of the people who have long term experience (or great references) in building a strong portfolio. I like to think I'm doing ok with real estate and hate to deviate from an investment I understand to start participating in a game like stocks where I have zero experience. The other side of the coin is I understand diversification could be a safer play should a collapse of the economy happen again.

Thank you and look forward to your thoughts!