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Globally, almost 70% of HNWI’s are self-made, so it’s safe to say that these people know how to make and grow their money. Where are they investing?
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“Sixty-eight percent [of investors] now say they are optimistic about the stock market’s performance during the next year, matching the record high for the question from December 1999 and January 2000.”
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This is almost a perfect storm for contrarian investing. Just when you think things can’t get any worse, they do. Which creates an even bigger opportunity.
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“You might not understand. When you get here, you will. Trust me.”
That’s what I told a friend recently. He was coming to Los Angeles for the first time and was trying to schedule out his trip.
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