For the average American retirement saver, the world of investing can feel a lot like that scene near the end of "Indiana Jones and the Last Crusade." The Holy Grail–a wise investment that will perform well over time–is right in front of you. But it's hidden among a host of glittering frauds–investments that could kill your returns if you pick them.
No one wants to reach retirement age, only to be faced with an anemic nest egg and hear echoing in their minds the words of the Crusader: "He chose … poorly."
While it's impossible for anyone to accurately predict the future and point you toward the guaranteed winners, it is possible to spot some likely losers.
Here are a few investments advisors say retirement savers may want to avoid.
Not everyone has either the means or the desire to become a landlord. For those who don't, a real estate investment trust is an easy entry into that world.
REITs are required by law to distribute 90 percent of their income annually to shareholders in the form of dividends. For a person looking for an income stream in retirement, that's a great selling point. Investing in large, publicly traded REITs like Acadia Realty Trust or Simon Property Group is as simple as buying stock.