AI Snips
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Transcript
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Complexity in Investments
- Investment complexity arises from various factors, like too many accounts or funds.
- Sometimes, complexity stems from inheritance, ambition, or even neglect.
FSCS Limits
- Consider FSCS limits, but don't overemphasize them, especially with substantial wealth.
- Prioritize a simple, manageable approach over strict adherence to FSCS limits if necessary.
Diversification
- Diversification is important, but don't overcomplicate it with excessive platforms.
- Multiple funds within a platform offer sufficient diversification without unnecessary complexity.