Stocks
Those looking to take the Warren Buffett approach to investing may consider buying index funds that track total market indices around the globe. That’s about as close to true diversification as one can get.
However, buying shares of SPY or QQQ (index funds tracking the S&P 500 and NASDAQ) still have concentration risk, with the so-called “Magnificent 7” mega-cap tech stocks making up a vast percentage of these indices, due to the market-cap-weighted nature of how these indexes are constructed.
For those looking to take a more concentrated approach like Cuban’s and pick single stocks, finding the right investing platform is key.
Those who want to learn more directly from Cuban, now you can — with Masterclass. With high-quality videos, MasterClass offers interactive assignments, downloadable workbooks, and community activities from some of Wall Street's biggest names — including Mark Cuban, Ray Dalio and Meredith Whitney.
All you have to do is sign up, choose a payment plan, and start learning from the experts. So whether you’re looking to play the markets like Cuban or become a business leader like Howard Schultz, MasterClass has a course for you.
Alternative assets
For many investors, finding alternative asset classes outside of the stock market can be a great place to start diversifying. For those looking at assets such as gold, for example, investing in Gold IRAs with the help of Thor Metals that allow investors to benefit from holding gold in traditional retirement accounts can be a solid, inflation-hedging option.
These IRA accounts allow investors to benefit from the tax advantages IRAs provide, while also diversifying one’s portfolio beyond mutual funds, index funds and single stocks. To learn how to protect your retirement savings with a gold IRA, Thor Metals offers a free 2024 Wealth Protection Guide.
There’s always the option of investing in real estate as well.
For those looking to put their money to work in rental properties, without taking on the responsibilities of property management or homeownership, Arrived can be a great option.
The Jeff Bezos-backed company provides an easy-to-use platform with SEC-qualified investments in rental homes and vacation rentals, putting the real estate investing game within reach for more smaller investors around the world.
For those looking to further diversify like a billionaire, investing in blue-chip contemporary art is certainly an option worth considering.
This is an asset class that has seen incredible growth in recent decades. But it’s also an asset class that’s largely out of reach for the average investor, due to the multi-million-dollar price tags of many of the most prominent (and quickly appreciating) pieces of art on the market. But Masterworks has changed that.
Masterworks provides those looking for exposure to fine art with the ability to invest in fractional shares of work from their favorite artists, with inventory from iconic arts like Picasso, Basquiat and Banksy listed on the platform.
For those looking to gain exposure to this particular asset class, the Masterworks team does the due diligence for you, vetting each piece with industry experts, with an ultra-low acceptance rate of less than 3%.
Get help building your own strategy
No matter what kind of investor you are, one thing remains true: having a team to advise you on key investing decisions is a good move. Both Buffett and Cuban have experienced teams behind them, supporting their decision making processes and providing key functions that a single individual simply can’t possibly accomplish on their own.
For those who may be unsure about how to begin investing, and need guidance creating a long-term financial plan, Advisor.com can help.
Advisor.com is an online platform that connects you with vetted financial advisors. After sharing some information about yourself and your finances, Advisor.com matches you with a trust advisor in minutes.
When you get matched with an advisor that’s best suited for your needs, you can then book a free no obligation consultation to ensure they are the right fit for you.
