Would Index Funds Keep Pace With The Forbes 400 Richest?

You wake up one day to find a letter in the mail.

One of your distant relatives had robbed an Egyptian pharaoh’s tomb.

There’s no official record of your ancestor’s crime or wealth. But a secret organization now deems you the heir.

Best of all, the windfall is a cool $2 billion, and it’s completely tax-free. This would put you near the bottom of the Forbes 400 list.

Every year, Forbes grabs the world’s attention by listing the 400 richest people in the United States. The names of the richest, however, aren’t engraved in stone. Much like matches to papyrus, fortunes often go up in smoke.

The Forbes 400 includes savvy entrepreneurs, rich descendants and great investors.If you’ve inherited enough to make the cut, you might wonder if a portfolio of index funds could keep you on the list.

Plenty of people might say no. But I’m not so sure.

Image by Pixabay

I explain that here


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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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