Beyond 8 Figures Transform Your Wealth with Diversification with Ben Fraser, Aspen Funds
The more experience I have in being an entrepreneur, the more I see the importance of diversification in my investment strategies. It's not just about spreading your money across different stocks or sectors; it's about creating a safety net that can withstand market volatility and support your entrepreneurial efforts. My latest conversation with Ben Fraser from Aspen Funds is exactly about how spreading investments across different sectors can really protect your wealth and help you build a resilient portfolio.
About Ben Fraser
Ben Fraser is the Chief Investment Officer at Aspen Funds, where he helps investors diversify investments beyond Wall Street. To date, Ben's firm has managed over $150 million in investor capital and achieved a strong track record of delivering outstanding client service and impressive returns through out-of-the-box investments.
Ben is also the host of the popular podcast "Invest Like a Billionaire," where he shares valuable insights on building and preserving wealth. He emphasizes the importance of diversification, leveraging expertise, and understanding macroeconomic trends. One of his unique approaches includes offering tax benefits through real estate investments, which can significantly reduce taxable income for entrepreneurs.
Key Insights:
- What are your investment goals? Think long and hard about what you want to do with your investments. Understanding what you want and need beforehand allows you to build for the long term and not scattershot your investments.
- Consider macro trends. Don't ignore larger economic trends. Identifying growing markets and macro-driven opportunities can help you make smarter investments and find unexpected opportunities.
- Diversify your investments. Instead of reinvesting all profits into the business, create diversified investments and income streams. This will build more external stability and preserve your wealth but also help you reduce stress if something goes wrong with your business.
- Educate yourself. Spend time learning how to grow, preserve, and invest money effectively. DIY investing is becoming more popular, and understanding investment basics can lead to better financial control and decision-making.
- Leverage other people's expertise. When entering new investment areas like real estate, consider partnering with or investing through experienced firms to avoid a steep learning curve and mitigate risks.
- Plan for the future. Teach financial principles and investment strategies to your children. Help them understand the importance of creating value and contributing to the economy rather than just consuming resources.
Ben’s best advice for entrepreneurs:
“We believe that understanding the macro picture, the bigger term trends that are going on, is way more important in identifying your investment strategy than the actual deal itself.”
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