It’s a favorite investment among America’s wealthy. It also has nothing to do with stocks or bonds. Nor is it affected by the economy. #-ad_banner-#Once exclusively available to the richest Americans, this effective wealth-generating asset is now available to the rest of us. I’m not talking about hedge funds… accredited investment deals… or private offerings. But about another investment that has been known to shelter wealth more resiliently than any of these… a source of perpetual income that has supported the lavish lifestyles of wealthy Americans through good times and through bad. And it does this by growing faster than… Read More
It’s a favorite investment among America’s wealthy. It also has nothing to do with stocks or bonds. Nor is it affected by the economy. #-ad_banner-#Once exclusively available to the richest Americans, this effective wealth-generating asset is now available to the rest of us. I’m not talking about hedge funds… accredited investment deals… or private offerings. But about another investment that has been known to shelter wealth more resiliently than any of these… a source of perpetual income that has supported the lavish lifestyles of wealthy Americans through good times and through bad. And it does this by growing faster than the rise of inflation… an average 10% a year for the past 60 years. That’s enough to double your income every four years. That means every $1,000 invested in 2005 would have grown to $4,000 by 2013, and would possibly grow to $16,000 by 2021 if this investment continued compounding at its 60-year historical average growth rate. Projected Growth Using This Wealth-Generating Asset If you’ve read my previous essays on this investment before, you know that thanks to a law hidden deep inside the Cigar Excise Tax Extension Act, signed more than 50 years ago… Read More