1. Asset Allocation Approach: This is the classical way to generate wealth. It prioritises diversification and discipline as the most essential ingredients to build a successful portfolio. Simply put, investors are inherently either high-risk takers or low-risk takers. One should avoid flip-flopping between the two – from a high-risk portfolio to a low-risk portfolio or vice-versa based on market returns in the past or basis expectations of the future. Thus, it is advisable that investors choose which risk profile (high or low) suits them well and then stick to that profile. Besides, ensure that the following hygiene checks are in place: