Читать книгу Millionaire Expat - Andrew Hallam - Страница 16

I'm a huge fan of investment real estate. Buy a two‐, three‐, or four‐unit home and reap income from every tenant (single family homes are far less efficient). Once you've saved for the down payment, let the tenants pay your mortgage.

This isn't a book about real estate investing. To do the topic justice would require a whole new book. But I do want to show how stock market growth might be better than you think.

Take one of the world's hottest real estate markets: Vancouver, British Columbia. Referencing figures from the Real Estate Board of Greater Vancouver, CBC News reported that the average detached Vancouver home sold for $368,800 CAD in 1994. By 2021, it was worth $1.83 million.² That's a massive gain of 396 percent over 27 years.

In contrast, if someone had invested $368,800 in a Canadian stock index, it would have grown to $2,865,576 by December 31, 2020, measured in Canadian dollars.³

If you had invested $368,800 in a US stock index, the money would have grown to $4,853,408 by December 31, 2020, measured in Canadian dollars.⁴

I'm not suggesting that stocks were a better investment than Vancouver real estate over the past 27 years. Investors can borrow to buy real estate and leverage their gains. They can also rent their properties, creating cash flow in the process.

But anyone who kept a cool head, kept investment fees low, and invested regular sums in the stock market over the past 27 years would have done a lot better than most people think. I'll show you how to do that.