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Investing Specialists

Blacklisted Investments Abound

Morningstar.com readers sound off on what types of investments they will not buy--and the list is long.

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When we asked readers in a recent post to our Personal Finance discussion board to share what's on their investment blacklists--that is, which investments are off-limits for them--we expected to hear a number of different answers. But nothing could have prepared us for the tremendous variety of what readers had to say. Some responses were more predictable; gold, hedge funds, and long-term bonds were particularly unpopular. However, the final tally almost reads like a laundry list of investment vehicles available to today's individual investor. Stocks, bonds, mutual funds, commodities, master limited partnerships, annuities, nontraded REITs, options, and target-date funds each were out-of-bounds for someone.

In some cases readers jumped in to defend a particular investment type, showing that, when it comes to investing preferences, one person's trash can be another person's treasure. But perhaps the broader point is that there is no perfect investment. Each comes with its own risk/reward profile. It's up to us, as individual investors, to figure out what works best for each of us.

Adam Zoll does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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