While recessions may create challenges for most people, billionaires see them as opportunities to grow their wealth.
Their success lies in using time-tested strategies and making calculated moves to thrive during economic downturns.
Here are five insider strategies billionaires swear by to protect and grow their wealth, even in tough times.
1. Diversify Investments to Mitigate Risk
Billionaires spread their investments across various asset classes like stocks, bonds, real estate, and alternative assets to reduce risk.
Diversification helps protect against market volatility, ensuring that portfolios remain resilient during downturns.
Investing in tangible assets like gold or real estate and exploring newer opportunities like venture capital can provide additional security and growth potential. Diversification doesn’t eliminate risk but ensures that gains in one area can offset losses in another.
Pro Tip: One modern way to diversify is with real estate and venture capital. Companies like Fundrise, offer investments as small as $10.
2. Invest in Undervalued Assets
