I found this article about tips an adviser shares with his ultra wealthy clients. Each week I'll post about a tip and how it applies to regular people.
Tip #2 - Don't follow the masses.
I'm sure you've always heard to zig when everyone else zags. And that can be sound advice. This tips relates to different assets - ETFs, commercial real estate, etc.
For regular people, where individuals the risk is in the housing market. There are news stories of bidding wars on desired homes, and people piling into stocks (or out of) because of what they heard from co-workers.
They key is to be diversified with your money, not just your 401k plan.
