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Kiplinger
Kiplinger
Business
Erin Wood, CFP®, CRPC®, FBS®

I'm a Financial Planner: Here's How to Invest Like the Wealthy, Even if You Don't Have Millions

Aerial view of a couple cuddling on a yacht in pretty water.

Years ago, when clients asked me about private market investments, I had a standard response: "Sure, as long as you have at least $20 million in assets."

Since most private investments required minimum assets of $500,000 to $1 million, I didn't recommend putting more than a small percentage of someone's portfolio into illiquid investments. Investors needed a sizable portfolio to get involved and keep themselves liquid.

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