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According to The Ascent, roughly 8.8% of the American population is a millionaire.
The majority of these individuals are self-made.
While everyones journey is different, self-made millionaires are often those whoinveststrategically over a long period of time.
But what exactly are these individuals investing in?
And what are their plans for the remainder of this year and beyond?
These are the maininvestments theyre going to make for the second half of 2024.
He is also purchasing a 200-unit apartment complex located in Louisville, Kentucky.
While others might pass up these properties, he said he sees them as opportunities.
Stocks
Historically speaking, the stock market has seen an overall upward trend.
After all, investing in the stock market isnt a sprint its a marathon.
Gabrail said he intends to continue to invest in stocks even as prices decline.
His top picks right now include Nike, Alibaba and Sprouts Farmers Market.
Like real estate, Gabrail chose stocks because of the potential forfuture cash flow.
He also said he expects higher than normal market returns, making these a good investment opportunity.
Unlike other investors, Gabrail said he does not choose his investments based on personal feelings.
This is true both of stocks and real estate.
I am location agnostic formy real estate dealsand industry agnostic for my stocks, he said.
Most people invest in companies they love and real estate they love.
Thats a great way to do poorly in investing.
But it is also about adapting to the ever-changing landscape, being diligent and being smart with your spending.
As for what he is investing in, hes also got a few things going.
Based on my findings, investing in gold is equally as lucrative as investing in thereal estate market.
Generally speaking, gold keeps its value even in periods of major inflation.
Given the volatility of certain other investments like stocks this can be a smart way to mitigate risk.
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