Millionaires cite their three biggest financial regrets as not having a financial plan, not reviewing investments regularly and, finally, taking on too much debt, according to research released today.
The research, conducted by the deVere Group, questioned 659 clients worth £1m or more. More than half of those questioned (57%) said that their biggest regret was not devising a reviewable strategy for their personal finances sooner. Some 18% said they regretted not regularly assessing the performance of their investments, while 13% regretted accumulating unnecessary debt. Other regrets included not saving enough to fund their children's or grandchildren's education or not having built a large enough estate to leave to their heirs (12%). DeVere Group founder and chief executive ...
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