Ultra-wealthy Buy Luxury Homes
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1B private real estate fundMoneywise
•Business
Business & Economics
Ultra-rich Americans now pouring cash into luxury real estate for ‘safer, less volatile’ investment than stock
66% Informative
The number of U.S. homes sold for $10 million or more has surged in major markets since February .
For some, it’s a way to sidestep market volatility and preserve purchasing power.
Real estate also offers a time-tested way to diversify beyond the stock market.
Warren Buffett has long championed the power of long-term investing, especially through one strategy that doesn’t require stock-picking skills or market timing.
Buffett has built it into his own estate plan — directing that 90% of his wife’s inheritance will be invested in “a very low-cost S&P 500 index fund” after his passing.
The beauty of this approach is its accessibility — anyone, regardless of wealth, can take advantage of it.
VR Score
52
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43
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13
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English
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43
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