- Warren Buffett - invest in stock. He keeps the good company share over long term, never pay dividend (in US, dividend payment will be subjected to income tax at the shareholder level - if Warren Buffett declare dividend from Berkshire Hathaway, he probably will be the single largest income tax payer in the history of USA)
- Setup a trust fund - let the professional run and grow the value.
- In view of uncertainty in economy, the super-rich buy gold by ton. Click here for report.
- A lottery multi-millionaire, when asked how he takes care of his money, he said he had a team of accountants looking after it, and a second team of accountants checking on the first team without their knowledge.
- Get all the insurable-assets insured.
- Invest in Property. It is tangible and solid. Property may appreciate and able to give return (rental income).
Tuesday, October 19, 2010
How do rich people safeguard their money?
Here are the ways the rich safeguard their money:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment