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Stocks are long play and if you do s&p focused funds, you shouldn't need to monitor them. They go up and down and every movement isn't worth stressing about. Investing in RE vs stocks is an ongoing debate but I wouldn't say that owning properties is any less stressful. I own both rentals and have money in the market.
Just diversification from other asset classes. And leverage.
I rent property because it's an inflation hedge, uses leverage, does well in robust growing housing markets, and provides diversification, and has a ballooning upside once you pay off the mortgage.
But I sure wouldn't call it something I don't need to monitor? Each unit requires meaningful in put 1-2x per year, and I'm always making sure rent comes in. I could be texted with an issue at any time.
Agreed. By monitor I mean if an issue comes up I can call a plumber for example. With stocks or something everyday is a stressing point.