Here are 5 assets that smart rich retirees never buy, while poor ones often do

Smart investors generally build their wealth on relatively simple and time-tested principles such as compound interest and low fees. Often, the secret to their success is playing it safe and avoiding the dumb and costly mistakes that inexperienced investors fall for. Warren Buffett recommends a straightforward index fund for most people. While billionaires like him are investing in safe and somewhat mundane assets, they’re also avoiding assets that are obvious money pits. Unfortunately, many novice inv ...