what do you recommend for your most profitable investments that I could emulate?

[clatoden99]

If you are a deca-millionaire or greater, what do you recommend for your most profitable investments that I could emulate?

I have liquid cash in the bank but I need some advice. Please establish your credibility or I may not belive you in fear of bad advice.

[Jluke]

1. Purchase a DeLorean
2. Go back in time
3. Invest accordingly

Past performance is not indicative of future results.

0 credibility.

[Singuy]

LoL, deca-millionaire asking for investment idea on a forum....

[tripods68]

If you are a deca-millionaire or greater, what do you recommend for your most profitable investments that I could emulate?

I have liquid cash in the bank but I need some advice. Please establish your credibility or I may not belive you in fear of bad advice.

Boring Index fund.

[TexasHusker]

Real estate all the way. Few get rich off of mutual funds or anything else to do with the stock market. But I bet there's plenty of real estate millionaires driving around your hometown.

[Magnificence]

deca-millionaire

how it has happened that you are a "deca-millionaire or even greater" in the first place?
Most people have a well running business when they can call themselves a "deca-millionaire or even greater"
Have you won the lottery?

[DaveInPgh]

I have liquid cash in the bank but I need some advice. Please establish your credibility or I may not believe you in fear of bad advice.

Please post your bank name and account number so I can establish your financial wherewithal to follow my advice.

[scfr]

I am NOT a decamillionaire, so you may not care what I have to say. I do know one personally. And he did not attain his net worth by throwing money in an investment and then sitting back on his chaise lounge and watching it grow (which is what I suspect you may be looking for). Instead, he started a business . . . and then another . . . and then another . . . and then he started investing in residential properties . . . and then in commercial properties . . . and who knows what he will do next?

His first business was related to his former line of employment, something he was interested in and had knowledge in.

And do you want to know what I think may have been the real secret to his success? In addition to being a hard worker and very smart guy, he is an awesome friend. He treats people well and has a tremendous web of connections. He helps his friends out and they in turn help him. He has earned the loyalty of his team of trusted friends, professional advisors, and employees. I have seen him stand by friends when others turned their backs. I believe his character is his greatest asset.

I don't have statistics to back this up, but I'll bet that many who achieve decamillionaire status legally and without a big inheritance get there through some sort of entrepreneurial efforts. There may be some who got there by getting lucky or smart with an investment, but I'll bet their numbers are few.

P.S. - What I really want to know is WHY you want to be a decamillionaire? Life can be very good with quite a bit less. I'd be happy being a half-decamillionaire!

[james.hendrickson]

You don't have to a deca millionaire to know that a few major asset classes drive wealth accumulation in the United States.

1. Ownership of private companies
2. Ownership of stocks (common or preferred shares)
3. Ownership of real estate

If you look at the IRS statistics, they are abundantly clear on this point.

The rich also live clustered in a few states. Based on IRS statistics of income, as of Winter 2012, the number of residents (in thousands) with net worths over 2 million was:

California, 329
New York, 160
Florida, 155
Texas, 100
Illinois, 83
New Jersey, 71
Pennsylvania, 57
Massachusetts, 51
Ohio, 50
Virginia, 49

https://www.irs.gov/pub/irs-soi/12pwwinbulwealth07.pdf

The IRS data is also telling in what it doesn't say about the rich:

The rich aren't investing in the following asset classes:

1. precious metals
2. timeshares
3. collectables
4. personal property (classic cars or nice consumer electronic goods or firearms or flashy clothing/jewelry)