, has some good news for investors:"If you have some money saved up and you're looking to invest, 2023 is the year. It's going to be one of the greatest years to invest in the past 15 years."
It's a good time to invest in more than just the stock market, he added:"When it's very difficult to get access to credit, valuations for everything drop. Because money is so hard to get access to, pretty much everything is going to be on sale, from stocks to any form of real estate to online businesses to offline businesses.
, invests in a diversified portfolio built by his employer, he said:"I've stuck with it during the good times — which, it's mostly been good times — but then even during the Covid-19 downturn, when my portfolio dropped by about 30%. With seller financing, the buyer and seller get to negotiate and agree upon the terms for the loan, like the interest rate and down payment. As a buyer,"you're way more likely to receive more favorable and flexible terms than you would from the bank in the current market," explained Wanot.
Let me guess, “be born rich” is a key factor.