That's true – you can certainly buy bonds yourself. The real question is which bonds you gain access to and how you select them. The bond market is complex: some bonds are not listed on public exchanges, and new issues are often not publicly announced. As a private investor, you may also receive little or no allocation, whereas banks and brokers often do. This is where an experienced wealth manager can make a difference by providing direct market access and professional expertise.

Fixed-term deposits offer a fixed interest rate for a set period. The interest earned is generally taxable, and your real return also depends on inflation. But what happens if market interest rates change? While fixed-term deposits may seem like an attractive option at first glance, they deserve careful consideration. With bonds, you can often lock in interest payments over a much longer period—provided the issuer meets its obligations.

Stocks have delivered strong returns over many historical periods, particularly when viewed over long investment horizons of 20 years or more. At the same time, there are periods in which equity markets perform poorly and investors must accept significant price declines. Depending on your personal circumstances and long-term financial goals, stocks are therefore not always the most suitable choice for wealth management.

There is no one-size-fits-all answer. Real estate ties up capital and reduces short-term liquidity. In addition, maintenance, property management, and dealing with tenants can involve considerable ongoing effort. Depending on the structure of your investments, other asset classes may offer greater flexibility and require less day-to-day management.

A gamble depends on chance. Investing, by contrast, is a disciplined process built around clear objectives, an appropriate liquidity reserve, diversification, and a defined risk budget. While outcomes can never be guaranteed, the risks are managed deliberately rather than left to chance.