The wealthiest people on the planet own REAL assets. But what are they exactly?
First and most obvious: real estate. If it cash flows, appreciates in value, allows depreciation on taxes, it’s an excellent asset to own.
Land/farm land: Bill Gates has recently become the largest farm land owner in the US. But he’s not the only one interested.
One aspect is that you are produce income from it with agriculture or livestock.
Commodities and precious metals: Tangible assets are limited in quantity and hold value over a long period of time.
Alternative assets: Fine art, high end watches, jewelry, collectible cars
I got more info about this coming up. Make sure to follow.
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