We all treat wealth like some big mystery wondering how these individuals got there. Actually, there are three wealth strategies of the rich and famous and they are all about the investments.
If you are just dying to know the three wealth strategies of the rich and famous, it’s your lucky day – mutual funds, bonds, and index funds.
Three Wealth Strategies Of The Rich And Famous
Mutual Funds
Of the three wealth strategies of the rich and famous, let’s look at strategy number one – mutual funds. Wall Street professional are very eager to help you invest in the right best mutual funds.
How would you like to share in a $20,000,000 portfolio but be prepared for the upfront commission. That said these funds are the funds of the big boys and the commission is just part of that game. That’s why the three wealth strategies of the rich and famous are all about the investment.
Bonds
The second of the three wealth strategies of the rich and famous is about bonds. For a while, everyone hated bonds but they have come back into fashion and although they historically give a lower return, they are also almost completely risk free. So it is not a bad idea if someone is thinking about putting part of the funds in a safe investment.
Not only that smart investors began to realize that CEO’s couldn’t manipulate the profits for bonds like they could for stocks. You can see that why the three wealth strategies of the rich and famous are all about the type of investments you make.
Index Funds
And finally, the last of the three wealth strategies of the rich and famous is all about index funds which have continuously outperformed at least 90% of the mutual funds on the market. Today there are several index funds but Vanguard was actually one of the first to offer index funds.
The reason index funds are part of the three strategies of the rich and famous is because of the exceptionally high returns on investment. It certainly speeds up the amount of time it takes to make more money.
Life isn’t always fair and since we can’t all have wealthy parents that will leave us a substantial fortune. And most of us can barely find $100 a month to invest. So, we need to use the three wealth strategies of the rich and famous so that you turn a little into a lot. Your future depends on it.