Two recent studies by De Ver Group and Spectrum Group polled rich people, defined as those with more than $1 million in liquid assets. They found two things.
- More than half wished they had put a plan in place earlier.
- Those who do plan to invest are showing an increased preference for safer, more conservative investments.
At Korving & Company, we advise our clients that controlling risk is of paramount importance, whether you are wealthy or just beginning your investment life. If you are rich you want to protect your wealth. If you are just starting, it’s smart to do what rich people do. Plan ahead.