They're just not a great idea most of the time.
Today, we're looking at some alternative ways to invest outside of a globally diversified portfolio, including stock-picking, placing sector bets, private equity and private placement investments, and more.
Generally speaking, these kinds of vehicles are big no-nos for most people. Although it's easy to get swept up into the allure of hitting a home run and scoring an outsized return, the reality is most people swing and miss with investments like this.
In fact, speculative bets are just that: bets in the market, and your odds of winning big are usually not in your favor.
That doesn't mean you can't ever explore investing outside of your trusty diversified portfolio designed to build wealth over the long run, but you must understand all the caveats, pitfalls, and risks you take when you reach out from that core strategy.
In this episode, we explain:
If you're curious about investments beyond your globally diversified stock market portfolio, this episode will help you better understand the options that are out there... and why there is no easy way to wealth when it comes to building it yourself.
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