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How do the Wealthy Invest?

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If we knew how the wealthy invest, we can begin setting the stage for our own financial success. Who else can teach us the prudent and secure steps toward increasing our chances of building wealth than the rich themselves who constantly ponder ways to do so? In spite of the fact that the wealthy also make significant mistakes that affect their gains, they remain on top of their game and bring in money, making the envy of many people. That is no accident. With diligence and the ability to get the proper financial advice, they have the knack for succeeding in enhancing their assets.

A recent Trust survey covering wealthy individuals revealed that one-third of respondents obtained their fortune by investing. Their secret, of course, lies in the right investment vehicles to choose. How can we imitate the wealthy and succeed as well? Here are some tips:

1. Portfolio diversification. Successful wealthy investors have learned that betting on single stocks, such as Tesla Motors or Apple…