Monday, September 19, 2005

BRW's Rich 200 and us

Trident Press reports that:
One of the most common things that is said to me by people when I talk about investing is, "Yeah.but I don't have any money to invest, well not enough to make me fabulously rich anyway". That may be true (to a certain extent), but there are over 240,000 millionaires in Australia and how many of them started with very little or only invested a few dollars a week? A greater percentage than you would expect. In fact most of them. Becoming rich doesn't happen overnight, it takes time, patience, discipline, sacrifice and good information. I would say "Information" is the crucial ingredient, without it you end up investing in "dogs" and laggards" and wondering where you went wrong. Most of the millionaires in Australia have money in the Australian stock market and the richer ones probably have money in investments such as the ones in my books such as US and European Shares, Trust Funds, Unusual Investments, Offshore Investment and Managed Funds and some investments right here in Australia. Now, most of these 240,000 millionaires are just like you and I (you may already be one of them), but the difference between them and the other 98% of the population is that they know where to put their money to make even more money. Putting it into under performing super funds, banks or purely Australian managed funds is not the way. You must diversify into offshore investments, non-equity investments and "undiscovered" offshore equities. This is where the "real" returns are. We are talking returns from 25% to 100%+pa year after year. If you haven't started investing, now is the time, it's never too late. Facts prove that a consistent investor that chooses their investments carefully always does better than a "market timer" or a procrastinator. So, start today and you too can end up in the growing ranks of Australia's investment millionaires.

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