The next decade will be unlike the last two for investors, according to the pros. Here's how they suggest investing $1 million.
The next 10 years will be unlike the last two decades for investors, according to investment advisors and wealth managers. Charles-Henry Monchau, chief investment officer at Swiss private bank Syz, said investors risk making long-term decisions with a "cognitive bias" and urges those investing $1 million over the next decade not to extrapolate too much from recent history.
Fs allow individual investors to invest alongside institutions in assets like infrastructure, private equity and private credit. "There's been a democratization of finance," said Monchau, who oversees the Swiss bank's investment strategy that directs $15 billion of client assets. Earlier this year, Goldman Sachs raised over $200 million for its inaugural
F aimed at high-net-worth individuals. Other asset managers like BlackRock and Franklin Templeton have also launched Fs for their "European wealth clients." "This is an instrument not to get rich, but to stay rich," said Monchau, and suggested allocating up to 50% of a portfolio to several of these vehicles. "So don't expect 20%, 30%, 40% or 50% like so many are trying by investing in V.C. funds or early-stage growth ventures." "These products are highly diversified, and they target low double-digit returns with low risk," he added.
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