Donald Trump built his wealth in real estate, while also venturing into entertainment, including his popular show The Apprentice and his new social media app Truth Social.
Let's check out three ways that you could invest and grow your wealth like Donald Trump.
Truth Social's SPAC Partner
Truth Social is in the process of going public through a SPAC merger with Digital World Acquisition Corp. DWAC.
Truth Social describes itself as "America’s ‘Big Tent' social media platform that encourages an open, free, and honest global conversation without discriminating on the basis of political ideology."
While the deal has taken quite some time to come together, and there are several hurdles left, Truth Social could join the likes of Meta META and Snap SNAP as a top beneficiary of the upcoming presidential election and a potential ban of TikTok.
Don't Miss:
- Investing in real estate just got a whole lot simpler. This Dara Khosrowshahi-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.
- Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus & Millichap is changing that, allowing individuals to invest in commercial real estate with as little as $5,000.
Equity Residential
Equity Residential EQR acquires, develops, and manages residential properties in major cities around the U.S., including New York, Boston, Washington, D.C., and Seattle. It currently owns 302 properties consisting of over 80,000 apartment units.
Equity Residential currently pays a quarterly dividend of $0.6625, equating to an annualized dividend of $2.65 per share and giving its stock a yield of about 4.2% at the time of this writing.
Equity Residential has also shown a dedication to raising its dividend, as it has grown its annual dividend payment at a compound annual growth rate of 6.4% since 2011.
Purchase Properties for Passive Income
You can also get started in real estate like Donald Trump with as little as $100 by using a real estate crowdfunding platform, like Bezos and Khosrowshahi-backed Arrived Homes or Marcus and Millichap-backed EquityMultiple. Real estate crowdfunding platforms allow you to connect with other investors and pool your money to purchase property for passive real estate income.
Learn more about real estate crowdfunding here and check out properties available for investment right now here.
Read Next:
- Commercial real estate has historically outperformed the stock market, but few investors have the capital or resources needed to invest in this asset class. A platform backed by industry giant Marcus & Millichap is changing that, allowing individuals to invest in commercial real estate with as little as $5,000.
- Collecting passive income from real estate just got a whole lot simpler. A new real estate fund backed by Dara Khosrowshahi gives you instant access to a diversified portfolio of rental properties, and you only need $100 to get started.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.