Spreading your bets - investing outside the family business |
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“Don’t put all your eggs in one basket” has long been the mantra of investment advisers.
A balanced portfolio allows financial problems in any one investment area to be absorbed without fundamentally undermining the finances of the family. All well and good, but tough advice to follow when the lion’s share of the family’s capital is tied up in the family business.
We look at the issues facing family businesses that want to diversify.
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