Love him or hate him, but you definitely know about him.
Donald Trump has been dominating the headlines for many years now. You know his politics, but have you ever 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 surrounds himself with gold. It’s practically his trademark. It’s on the outside of his buildings and all over the inside of his homes.
We don’t know if Trump invests in things like gold bars, coins or precious metals IRAs. But a lot of investors do use gold investments to hedge against inflation, political turmoil, currency devaluation and falling stock prices.
Don’t go overboard; most pros advise putting only about 10% of your portfolio into gold. And keep in mind that not everyone in the gold business is on the up-and-up. Be careful whom you deal with.
Priority Gold, on the other hand, has an A+ rating from the Better Business Bureau, an AAA rating from Business Consumer Alliance, and a 5 star rating with TrustLink. They offer just about everything, from precious-metal IRAs to gold coins, gold bars & silver.
You’ll even receive up to $10,000 in free gold credit on qualifying purchases. If you’ve ever thought about investing in gold, why not take a look?
2. He gets lots of advice
Trump is surrounded by experts advising him on everything from income taxes to investment management.
Smart move: The right expert can return a lot more than they cost.
Example: A Vanguard study found that, on average, a hypothetical $500,000 investment over 25 years would grow to $1.7 million if you managed it yourself, but more than $3.4 million if you worked with a financial advisor. That’s twice as much!*
If you’ve got at least $100,000 in investments, check out a free service called SmartAsset. You fill out a short questionnaire and instantly get matched with up to three vetted financial advisors in your area, all legally bound to work in your best interests.
Even if you don’t need help picking investments, an advisor can help lower your tax burden, create a comprehensive financial plan for you, maximize your Social Security, and serve as a second pair of eyes to make sure you’re on the right track.
Using SmartAsset only takes a few minutes, and in many cases you’ll be offered a free consultation.
Click here for a complete list of Top Financial Advisors.
* Please carefully review the methodologies employed in the Vanguard white paper, “Putting a value on your value: Quantifying Vanguard Advisor’s Alpha.”
3. 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 certainly know one thing: He owns commercial real estate.
So can you. And you don’t need a Trump-sized fortune to get started.
In the past, investing in commercial real estate, like apartment or office buildings, required tons of money and oodles of expertise.
Not anymore, thanks to an online investing platform called Fundrise. Now everyone can own a slice of a major real estate portfolio for as little as $10.
So far, more than 1.7 million people have used Fundrise to invest in real estate. The platform is simple, open to investors of all experience levels, and there are other investment options too, like venture capital funds.
While there are obviously no guarantees, and every investment entails risk, Fundrise has the potential to make more than money sitting in a savings account.
Want to be like The Donald? Check it out right now.
Note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on moneytalksnews.com. All opinions are our own.
4. He takes care of his family
Trump would go to great lengths to ensure his family’s well-being, but what happens if he’s not there? Who will manage the household affairs? This is where life insurance steps in to provide security.
Enter Consumers Advocate Life Insurance. These folks make getting life insurance easier than ordering pizza. Just a few clicks from your couch, no doctors poking or prodding. Answer some quick health questions, and boom — a personalized quote in under 5 minutes.
With Consumers Advocate, you can snag term life insurance worth up to $5 million. Or go for the gusto with trusty whole life. Either way, it might cost you less per month than your daily caffeine fix.
Why put it off? Protecting your loved ones is kind of a big deal.
Get a free, no-obligation quote from your friends at Consumers Advocate right now.