7 Golden Rules for Investing and Advanced Estate Planning

We've seen this movie before -- sky-high stock prices, sky-high real estate prices and the Fed raising interest rates. We also saw how those times ended in 2001 and 2008.

At this point, my clients are looking to preserve and protect their wealth, so here are my five golden rules of investing and two golden rules of advanced estate planning that I share with them, which I've learned over the past 25 years. I focus on working with retirees with over $1 million in net worth; however, these rules apply to everyone.

Five Golden Rules of Investing

Rule No. 1:

Diversification can be an important part of a retirement plan, and the central measure of diversification is to not have more than 5% of your portfolio in any one position.

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