3 Alternative Investments for the Wealthy
Read this a few days ago and wanted to see WSO opinions. If you had half a billion or more would you invest in these or something else?
"The ultra-rich, also known as ultra high-net-worth individuals (UHNWIs), are people defined as having net worths of at least $30 million. Net worth for these individuals normally includes shares in public and private corporations, real estate investments and passion investments such as art, planes and personal properties. Ultra-rich people normally have similar mixes of investments in their investment portfolios."
Read more: 3 Alternative Investments the Ultra-Rich Usually Own http://www.investopedia.com/articles/investing/10… Follow us: Investopedia on Facebook
I would invest in biotech startups. The upside could make me the richest person in history!
Take that Bill Gates & Vladimir Putin!
Good call! One of our clients knows a little girl that created a 3-D prosthetic leg for a classmate, now some biotech company is about to take that idea to make it cheaper and faster processing (forgot the name). 3-D printing is the future!!
She invented prosthetics?! She must be a smart little kid!
Her dad bought her a 3-D printer for sh*ts n' giggles, the printer doesn't cost much apparently.
Ultra high end resi RE is more of a look at how rich I am and how my penis doesn't work without pills anymore thing rather than a real investment. Or for certain nationals with less than stable politics (China, Russia) a way to park money. Yes it can appreciate in value but there's negative cash flow (taxes, opex & maintenance) and no rent. And they're pretty illiquid, and they tend to be the least liquid when you really want to sell them (08-09). I'd much rather buy a $20MM solid class B multi family than a $20MM NYC condo or place in the Hamptons if it's an investment.
HF's and PE is nothing new and nearly every hnw has been in them for years.
Porro maxime in voluptas vel autem ut aut architecto. A facilis tenetur voluptatibus assumenda aspernatur in.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...