This isn’t to say that you shouldn’t put money into cryptocurrency. But should you do so at the expense of being able to add quality stocks to your portfolio? Probably not. A better bet is to invest a smaller portion of your available cash in crypto, but not go too heavy on digital coins.

3. Steering clear of real estate

You might assume that real estate is a poor investment choice for you because you don’t have the desire to own and maintain properties — and face the risks that come with that, like having to deal with repairs. But actually, branching out into real estate can be a good way to get some diversity in your portfolio. And you can do so without owning physical properties.

REITs, or real estate investment trusts, are companies that own and operate different properties, whether it’s malls, warehouses, or data centers. Like stocks, many REITs trade publicly on major exchanges, so it’s easy to track their share prices.

REITs are, to a large degree, a safer investment than owning physical real estate because they offer more liquidity. You can sell off a REIT faster than you can complete the sale of a home. And because REITs tend to pay higher dividends than most stocks, they’re also a good way to secure a steady income stream that you can use or reinvest.

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