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The super-rich have a very different mindset toward investing than the average person, wealth manager Robert Fraser says. Fraser named real estate as another asset class the ultra-rich like, with many owning properties and earning rental income. "Billionaires love real estate — it brings benefits to owners like growth through inflation, depreciation, tax-deferral and long-term capital gains," Fraser added. He suggests that the remaining funds be channeled into real estate — starting with single family residences and eventually diversifying into industrial properties, multi-family residences and retail real estate. "It is good for the average investors regardless of whether they are accredited to be in real estate.
Persons: Robert Fraser, Fraser, cryptocurrencies — Organizations: Aspen Funds, CNBC Pro, Forbes, Yale Endowment Fund Locations: U.S
"Bears in 2023 continue to be proven wrong — this has been one of the most hated rallies in recent memory. Given this uncertain backdrop, investors with a budget of $100,000 might be wondering where and how much to invest in each asset class. For those looking to invest $100,000, the CIO advised caution on allocating too much to stocks and bonds. He highlighted the Federal Reserve's restrictive monetary policy and said the impact of last year's interest rate hikes is "yet to be fully felt in the economy." The CIO is particularly bullish on real estate as he believes it offers a hedge against inflation.
Persons: Jeff Henriksen, James McManus, McManus, David Henry, Cheviot, Henry, we've, Ben Fraser, Fraser Organizations: Apple, Microsoft, Nvidia, . Investment, UBS, Bears, Thorpe, CNBC, JPMorgan, CNBC Pro, Angels ETF, Aspen Funds, Investors, Estate Investment Locations: U.S, Real, Fraser
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