Speaker B breaks down five types of portfolio diversification, starting with asset classes like real estate, gold, private equity, and cash. He spreads property across multiple countries to avoid concentration risk, worried his 13-year-old daughter won't afford a home in ten years as prices keep climbing.
So how does one do that? One does private equity plays, some gold, you think, a bit of cash as a buffer, and then real estate? Is that kind of where you suggest people put their money generally?
Right. So now here's how I think about sovereignty and how I think about diversification, right? I actually think there's 5 different types of diversification that we need within our portfolio. The first type is the asset class, and that's the things you're talking about, right? Having some hard assets, things like real estate and property, I think is core in a portfolio. And I I store a lot of my wealth in real estate, right? But around the world, because I don't like having everything in one jurisdiction in one location. Okay. So again, diversification. Like property is becoming so unaffordable in so many areas. You know, I've got a 13-year-old daughter and I've got a 1-year-old son. And I sit there and I think about, my goodness, even my 13-year-old, what's it going to be like for her to buy a home in the next 7 years or 10 years or something like that?
