Love him or hate him, but you know him well.
Donald Trump has been dominating the headlines for years now. You know his politics, but have you thought about where he puts his long-term savings?
While few know exactly where and how “The Donald” likes to invest, here are some ideas inspired by what we do know.
1. He loves gold
If you know anything about Donald Trump, you know he’s panning for gold. It is his trademark. It is outside his buildings and inside his homes.
We don’t know if Trump invests in things like gold bars, coins or precious metal IRAs. But many investors use gold investments to hedge against inflation, political unrest, devaluations and falling stock prices.
Do not pass; many experts advise that you invest only 10% of your portfolio in gold. And remember that not everyone in the gold business is progressive. Be careful who you work with.
Many companies in the gold business are shady and will not hesitate to sell you gold and silver at inflated prices.
Pro tip: One place to get more information and advice is Preserve Gold
2. You get a lot of advice
Trump is surrounded by experts who advise him on everything from policies to investment management.
Smart move: The right professional can return more than what he costs.
For example: A Vanguard study found that, on average, a hypothetical $500,000 investment over 25 years can grow to $1.7 million if you manage it yourself, but more than $3.4 million if you work with a financial advisor. That’s double!*
Pro tip: If you have at least $100,000 in investments, check out a free service called SmartAsset. You fill out a short questionnaire and are instantly matched with up to three vetted financial advisors in your area, they are all bound by law to serve your interests.
* Please review carefully the methods used in Vanguard’s white paper, “Putting a value on your value: Estimating Vanguard Advisor’s Alpha.”
3. He takes care of his family
Trump will do everything possible to ensure the well-being of his family, but what happens when he is not there? Who will manage the household affairs? This is where life insurance comes in to provide security.
Install life insurance. These days getting life insurance is easier than ordering a pizza. Just a few clicks away from your couch, no doctors hypnotizing or encouraging you. Answer some quick health questions, and boom — a personalized quote in less than 5 minutes.
Pro tip: Here’s one place to get a free, no-obligation quote.
4. He loves real estate
Donald Trump doesn’t have to disclose specifics when it comes to how or where he invests, so there’s no way to really know what he’s doing with his money. But we know one thing for sure: You have real estate.
You can do it too. And you don’t need Trump-sized wealth to get started.
In the past, investing in real estate, such as residential houses or office buildings, required tons of money and oodles of professionals.
Not anymore, thanks to an online investment platform called Fundrise. Now everyone can own a piece of a real estate portfolio for as little as $100.
Do you want to be like Donald? Check it out.
5. He invests in his future
Although Donald Trump is known for bold moves in politics, a less discussed way to maintain financial security is through investments such as annuities.
Annuities provide a fixed income, protecting your financial future from market fluctuations.
Annuities aren’t for everyone, but if you’re over 50 and still rely on CDs to save for retirement, you should take a look. They offer safety, tax deferral and the interest they offer can beat CDs by 20% or more. It can also be converted into a stable monthly income for life.
Pro tip: Get unbiased advice and information at Annuity.org.
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