What do rich people invest in?

[asmom]

It depends on who the rich people are. Some of them can be real dummies and "invest" in items like jewelry, cars, and shoes. They also do not know how to say NO and they end up giving their money away or investing in various shady friends and family. They often don't pay their taxes or they do not spend the money on a financial advisor who can steer them towards tax-savvy vehicles. The most high profile of these losers are professional athletes, entertainers, and lottery winners although common folk can fall victim to this also. These formerly rich people usually end up in bankruptcy, losing their homes and vehicles to auction, etc. You can learn just as much from the rich about how NOT to invest your money as you can learn how to invest your money.

[poundwise]

They also buy a lot of mustard.

[tripods68]

I haven't seen that old commercial since I was i HS...funny stuff

[Broken Arrow]

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.

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.

They also buy a lot of mustard.

U WIN TEH THREAD!