Double Your Money with This “Buy and Hold” Play
John Jacob Astor started his professional life as the owner of a few fur and flute shops, but by the time of his death in 1848 he had acquired a net worth equivalent to $140 billion in 2019 U.S dollars. How did he do it? He used his earnings from the fur and flute trade to buy and hold land on an island on the East Coast of the U.S. called…Manhattan.