... probably prudent to start looking at diversifying your portfolio. Real estate is an excellent way to accomplish this.
I just want to highlight the goodness of the advice that
@Fishindude shares (see above).
Obviously, obviously, one needs to be super-cautious about becoming an active investor. But the data really seem to support the positive impact of investing in real estate and then also of adding real estate to your portfolio.
There was a
great working paper from some economists on this called "
Rate of Return of Everything" that I've promoted and talked up in the past. That would be interesting, maybe... (TLDR summary: Real estate returns historically best equities mostly due to their lower volatility.)
I probably went on and on and on too long, but I fell down the rabbit hole in my blog post "
Lessons from the Rate of Return of Everything" and you might be interested in skimming the very brief discussion there about how to construct a portfolio that includes both equities and real estate. (TLDR summary: You can add a lot of real estate to your portfolio but the trick is geographically diversifying.)
Full disclosure: At this point, other than personally used real estate and REITs (as per David Swensen asset allocation formula), I hold no real estate in my portfolio. We do work with many many active real estate investors in our CPA firm.