FYI: Want to invest like the 400 richest Americans? Of course you do. Their average net worth is $7.2 billion, according to Forbes Magazine.
But that doesn’t mean getting shoot-the-lights out returns. In fact, only a handful of those on the Forbes list got there through investing. They instead made their fortunes elsewhere, and then went to Wall Street in an effort to preserve the purchasing power of their wealth.
Indeed, outperforming the 400 richest Americans over the past year wasn’t particularly difficult. Between Sep. 22, 2017 (the data cutoff for Forbes’ list last year) and Sep. 7 of this year (the cutoff for this year’s list), the net worth of those on this year’s Forbes 400 list grew by 7%. The S&P 500 SPX, -0.66% meanwhile, more than doubled that return, gaining 14.8% over the same period.
Regards,
Ted
https://www.marketwatch.com/story/how-to-protect-your-money-like-the-forbes-400-richest-americans-2018-11-20/printThe Forbes 400:
https://www.forbes.com/forbes-400/#2e7532097e2f
