Saturday, March 30, 2013

Interesting.. Did the famous stock guru made more money from stocks or property?

we now know that late investor Martin Zweig's legendary penthouse apartment atop the Pierre in New York City will be listed for $125 million....He paid $21.5 million for the penthouse back in 1999.

Interesting... It does seems long-term passive investing means putting money into a property(be it residential or investment) is a surefire way to riches. Of course, I never go into how he did it or what's his return on stocks are like. He might even have bought his house with a 80% loan which means the ROI is CRAZY. Just my opinion..