Most millionaires don’t rely on complicated strategies to attain wealth. More than three-quarters of a typical millionaire’s portfolio is held in a basic mix of stocks, bonds, and cash—with some real estate and annuities mixed in, according to Phoenix Marketing. As for exotic fare such as private equity or art, only 5% to 7% of the average affluent person’s wealth is tied up in those investments.
That sure sounds a lot like the strategies regular investors use. So why do millionaires do so much better? Well, for one, they actually stick with their plain-vanilla strategy and don’t let market swings or hot performance sway them. And they pay greater attention to the small stuff that can nick returns over time.
Just have a plan and stick to it.
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