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Originally Posted by disneysteve
Rich folks also "invest" in tangible items that you and I can't afford: famous paintings costing millions of dollars, vintage automobiles costing hundreds of thousands, antique bottles of wine costing thousands of dollars. That type of stuff. They can also own things like pro sports teams, newspapers, radio stations, whole companies, etc.
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You mentioned what I was going to say. It's interesting how some diversify their holdings. To add, I think the Johnson family owns Fidelity. What better way to manage your money than to own one of the biggest names in investing.
Quote:
Originally Posted by poundwise
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U WIN TEH THREAD!
