hedge-fund legend: If you own one home, buy another one, and if you own two homes buy a third and lend your relatives the money to buy a home, according to Market Watch. Fast forward to today, and Wealthfront, a fintech company with some 22 billion in assets under management, is offering up a completely different take when it comes to jumping into the real-estate game. If you don't own a home buy one, the hedge-fund legend said at the time. One of the most common pieces of financial advice our clients hear from their friends and family is to invest their excess cash in rental properties, Wealthfront co-founder and CEO Andy Rachleff wrote in a blog post. Here are four reasons he gave as to why 1. Unfortunately, this is terrible advice for all but a lucky few.
(news.financializer.com). As
reported in the news.
Tagged under hedge-fund legend, fintech company topics.