Modern wealth!

Andrew Carnegie said: the way to become rich is to put all your eggs in one basket and then watch that basket. But the truth is becoming rich is one thing and becoming wealthy is a different ball game: no matter how much you earn; you can never become financially independent relying on a single source of income. Relying on a single source of income is like putting all your eggs in one basket. Once the basket falls down, all the eggs will break. I took some time to study some men who were rich, as Celestine Babayaro and Mike “Iron” Tyson who ended up being broke and I discovered that they relied on a single source of income. I also took time to study two other men who are very wealthy and I discovered that the secret behind their life of financial freedom is that they don’t have all their eggs in one basket, as you will in my article. Take a Look at Bill Gates Investment Portfolio The former CEO and chairman of Microsoft Corporation, Gates is the headliner of several top wealthiest people lists, with a net worth of $95.7 billion according to Forbes. As of September 2017, he holds around 102.99 million shares. Although Bill Gates doesn’t own any company, but through The Bill & Melinda Gates Foundation owned by him and his wife and his stake at Microsoft he has made many acquisitions and had ventured into new arenas. Microsoft has made about 203 acquisition and mergers of companies, the major one’s which are Skype, LinkedIn, Nokia and also holds stakes in different companies like Facebook and some other 50 companies. The Bill & Melinda Gates Foundation also has a substantial portfolio of investments. Its investment philosophy is to use capital from the Foundation to help businesses create solutions to complex and entrenched problems. The following are some of the Foundation’s most prominent holdings.

1. Berkshire Hathaway, Inc. The Bill and Melinda Gates Foundation largest holding is in Berkshire Hathaway, Inc. (NYSE: BRK.B). The Foundation holds nearly 54 million shares of Berkshire Hathaway with a market value of just under $10 billion, for a portfolio weighting of 45.2%.
2. Microsoft The second largest holding is the company Gates founded. The foundation holds 32 million shares of Microsoft, with a market value of nearly $3.12 billion, for a portfolio weighting of nearly 14.3%. Microsoft is one of the biggest companies in the S&P 500 with a market cap of $825 billion and was ranked 28th on the 2017 Fortune 500.
3. Caterpillar Caterpillar (NYSE: CAT) is the third largest holding in the Foundation's portfolio. The Foundation holds over 11 million shares of Caterpillar, with a market value of over $1.5 billion, for a portfolio weighting of just under 7%. Caterpillar is a Dow stock and the maker of heavy equipment used for mining, agriculture, construction and energy. It has a market cap of $86.48 billion. Caterpillar is ranked 65th on the 2017 Fortune 500.
4. Waste Management, Inc. Waste Management, Inc. (NYSE: WM) is the fourth-largest holding in the Foundation’s portfolio. The Foundation owns over 18.6 million shares with a market value of $1.52 billion. Waste Management has a weighting of 6.85% in the Foundation’s portfolio. Waste Management is a provider of waste management and associated environmental services. It further develops and operates waste to energy and landfill gas to energy facilities in the United States. It is the largest waste management company in the United States of America with over 21 million customers. The company has a market cap of over $39.55 billion. Waste Management is ranked 202 on the 2017 Fortune 500.
5. Canadian National Railway Company The fifth-largest holding in the Foundation’s portfolio is the Canadian National Railway Company (NYSE: CNI). The Foundation has over 17.1 million shares with a market value of $1.4 billion for a portfolio weighting of 6.3%. Canadian National Railway provides integrated transportation services including rail, trucking, freight forwarding and warehousing. The company mainly transports petroleum products, grain and fertilizers, coal, metals and automotive products. It has a market cap of $65 bill I really can't say this enough; "do not put all your eggs in one basket" -- if you want to experience financial freedom. When you are young, don't spend every money you earn. Invest it. Not just invest it, diversify your investments. Every penny in your hand is like a seed, you can decide to eat it, or sow it. When you sow it, it will bear much more seeds later in future. Let's be smart. No man ever became wealthy on a single source of income. No one. To ride up the ladder of success, you must develop ways to build multiple streams of income.
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