Part 6/8:
A prudent investment strategy involves diversifying across an index, such as the S&P 500, which offers exposure to the largest companies without needing to pick individual stocks. This approach reduces risk and aligns with the passive investment philosophy that has gained traction among seasoned investors.
Real Estate: A Survivor's Asset
Historically, real estate remains a cornerstone of wealth preservation. With over 60% of the UK's total wealth entrenched in property investments, high-net-worth individuals seek property as a primary asset class. Property investment often outperforms other methods of wealth storage, with the potential for both appreciation and monthly cash flow.