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Tricks of the Rich by Paul A Overy

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Chapter 6

Invest like the rich. What investments you should make

We’re now going to look at the issues the rich take into account as they decide whether a particular investment is right for them. You too can learn these tricks and you’ll find making an investment decision as easy as the rich find it.

Risk

Before looking at the different investment classes, let’s spend some time discussing investment risk. Financial freedom cannot be achieved without risks being taken, so let me make clear:

‘There is no such thing as no risk’.

The rich know this. And it is true because we live in a world of inflation.

Historically, many people used the ‘mattress’ investment method, keeping their cash close at hand and not trusting anyone, either individuals ...

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