Golden Ticket, there’s a man in France who owns what the Financial Times is calling a “magic ticket.” In their words: “It lets him turn back the clock, to invest with perfect hindsight week after week, steadily accumulating a fortune.”
Sounds like a sweet deal, no?
In 1987, Max-Hervé George’s father bought a life insurance contract from Aviva France. But this was no ordinary life insurance contract.
For some reason – which is still lost on me – the insurance company offered a contract that allows the purchaser to buy into any investment fund of his choosing, on Friday, but at the previous Friday’s prices.
Did you catch that?
He gets to pocket the investment returns… of last week’s top-performing fund… after the performance of all available funds is known.
“So you say Chinese stocks did the best last week? OK… I’ll buy those… at last week’s prices, please and thank you very much.”
Mr. George has reportedly exercised his contractual right with fervor, profiting from last week’s winners, week after week, earning an unimaginable 68% per year!
The story is truly remarkable. And if you think Mr. George’s deal is “too good to be true,” you’re more or less correct.
The insurance company offered these “magic ticket” contracts to a very small group of wealthy clients (who, back then, had to visit the broker in person). They have since bought out most of the contract holders. And they’re fighting Mr. George’s contract in court, since he (wisely) refused to sell it back to them.
Suffice it to say, YOU will NEVER be able to buy a “magic ticket” quite as nice as Mr. George’s.
However investing in property in Brisbane’s North Western suburbs may be a close substitute.
Everton Park has achieved 9.82% growth in the last 12 months and a long term rate of growth of 6.28%.
Stafford Heights has achieved strong 12 monthly growth of 9.54% and longer term growth of 5.70%
Stafford gained 5.81% in the last 12 months and 6.41% over the long run.
So you do not need to have a “Golden Ticket”, simply investing into some of Brisbane’s best suburbs will work well for you.
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Hicks Real Estate Team
Hicks Real Estate is a Brisbane based, full-service real estate agency supporting buyers and sell as well as renters and property investors. With almost 20 years experience in the local market, we are the real estate experts you can rely upon.
