If you ask a barber if you need a haircut or a golf pro if there is anything wrong with your golf swing, you’re likely not going to get an objective answer.
Of course, a barber’s gonna tell you you need a haircut, and a golf pro will pick apart your golf swing. That’s how they make money. You can’t blame them for wanting to make a living, but they’re not always going to have your best interest in mind. The same goes for financial planners – so-called financial experts.
Since the onslaught of the Covid-19 pandemic, there has been a massive upswing in interest in private investments.
According to a recent article in Institutional Investor, a majority of institutional investors were set last year to increase allocations to alternative assets.
Nobody could have anticipated the Covid-19 outbreak and its devastating economic devastation. In an instant, many fortunes were lost on Wall Street, and millions of jobs were lost on Main Street.
Although no one could have anticipated a pandemic-induced recession, there was a class of investors prepared for some economic retreat – ultra-wealthy investors.
While the masses have uncertainty, savvy investors are investing in the right assets, and for the right reasons, are you?
in·vest / verb
to put money to use in something offering potential profitable returns, as interest, income, or appreciation in value.