No One-Size-Fits-All Investment Strategy
00:00:00.000 | that there is no one right way to invest.
00:00:02.800 | Investing is so personal,
00:00:04.480 | and the right strategy depends on your situation,
00:00:07.400 | your risk tolerance, your long-term objectives,
00:00:09.600 | and a lot more.
00:00:10.480 | I sat down with Tad Fallows,
00:00:11.920 | who started this group called Long Angle,
00:00:13.880 | which is a private network for high-net-worth investors,
00:00:16.640 | and I got to attend their summit.
00:00:18.480 | We talked about the 10 lessons
00:00:20.100 | we took away from the conference,
00:00:21.560 | and it was so interesting that,
00:00:23.040 | despite that there were so many people,
00:00:25.580 | so smart, focused on investing,
00:00:27.700 | there was no one right answer.
00:00:29.080 | And even in the sessions
00:00:30.300 | where different types of alternative investments
00:00:32.380 | were being presented and shared,
00:00:33.720 | there was no perfect answer between those either,
00:00:36.200 | and it wasn't just that diversification was the only answer.
00:00:39.080 | It depended on how important liquidity was to you,
00:00:41.720 | how much risk you wanted to take on,
00:00:43.560 | how interested you were in exploring the topic,
00:00:46.120 | because some types of investments
00:00:47.520 | take a lot of time and energy and education.
00:00:49.640 | That was one really big takeaway for me,
00:00:51.600 | because I think I've always been hearing,
00:00:53.600 | "Oh, real estate's amazing, let's chase that.
00:00:55.440 | "Oh, this is awesome, private credit, angel investing."
00:00:57.920 | And you could chase that strategy
00:00:59.400 | of trying to find the best thing,
00:01:00.920 | but the reality is everyone is different,
00:01:02.760 | everyone has different ideas.