Recent stories suggest that the bond market is over as an investment, as interest rates rise. Stocks have appreciated, but few analysts suggest that there's a lot of future growth in prices.
Real estate, in California, is still a great deal. Multi-family, in particular, has not gone up much in price, and there are many good deals on the market. A good broker can find you deals that aren't on the market, which is where the opportunities are.
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