Weekend Reading: Do You Need Alternatives to Get Rich?
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This article appears as part of Casey Weade's Weekend Reading for Retirees series. Every Friday, Casey highlights four hand-picked articles on trending retirement topics and delivers them straight to your email inbox. Get on the list here.
Weekend Reading
The ultra-wealthy invest heavily in alternatives like private equity and real estate. But do these less-accessible investments hold the key to building your nest egg? Not necessarily.
READ THE ARTICLEKey Points:
- Scrutinize alternatives and weigh the potential benefits (higher returns, diversification) against the drawbacks (illiquidity, high fees, complexity)
- The "low correlation" of alternatives to traditional assets may be misleading due to infrequent valuations
- The proven path to wealth lies in consistent investing in income-generating assets, not chasing exclusive opportunities
Why It Matters: Building wealth doesn't require complex strategies or access to exclusive investments. Focusing on proven principles and consistent investing can lead to financial success, no matter your starting point.