Suze Orman is the author of several best-selling money books and hosts the podcast Women & Money. In a podcast episode, Orman gave important investing advice that she believes all her listeners should follow.
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That advice is to diversify. She believes that too many people invest in only one asset type, like real estate, which can lead to significant risk. Instead, she said it’s better to own multiple types of assets, and Orman has a point.
The HSBC Affluent Investor Snapshot for 2024 showed that affluent investors owned an average of four asset classes, such as cash, real estate, public equities, and fixed income.
Orman shared a story about a previous client who had…
