Significant wealth can reduce many of life’s troubles and anxieties – but it can’t eliminate them entirely. Even the richest among us have fears.
What’s more, they often share many of the same worries the rest of us have.
But there is one difference: The wealthy take some highly effective action steps to address those worries and, quite often, overcome them. With that in mind, here’s a look at the three biggest fears of the Super Rich – those people with a net worth of at least $500 million – and some ways they combat those fears.
- In our experience working with the Super Rich, we find that health, family and wealth concerns are among their biggest fears.
- The right professionals can aid in overcoming concerns in all three areas.
- A technique called stress testing can identify potential problems before they become big issues.
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Other notes and risk warnings
This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.
Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.
Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.