By: Michael Berman
Well, what we are doing is of course,
spending a huge amount of time talking to our clients.
We continually talk about diversification across asset
classes, which allows you to then smooth some of
that volatility that we are seeing
and uncertainty we're seeing at the moment.
Our families are in the enviable position
to be able to invest for the long term.
And so asset classes like equities
and private capital play a big role in their portfolios,
and these have proven to produce great returns
to outperform inflation over the long term.
Also high on the risks
for families in the survey was the political
and tax, uh, situations, uh,
which again is completely understandable.
Um, you know, if you, if you go back
to pre the global financial crisis, um, in terms
of the developed economies around the world,
governments had borrowed 80%
of their gross domestic product.
You look at it now, it's over 130% is
what governments have borrowed compared
to the gross domestic product.
This has to be paid back.
We expect that taxes will remain high.
We don't see 'em coming down in the, in the near future.
Our message, though, to our clients is to sit tight.
They're not investing for the next five years.
They're investing for generations to come.