True diversification means spreading money across asset classes, geographies, time horizons, risk levels, and strategies. Owning property in multiple countries protects you if one jurisdiction locks down or restricts movement, giving you options when governments tighten control.
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. So the second element of diversification is geographical diversification. So it's not all just under one jurisdiction. Time horizon is number 3, risk is number 4, and then finally number 5 is all about strategy. Mm-hmm. So when we think about financial sovereignty, you and your family are safe and in control.
That's beautiful. So you own property in other parts of the world. So if there were a lockdown, you could go to your other property where maybe there's not a lockdown or where you're a little more free.
