WORLDVIEW: In real world, property, not equities, leads wealth building stakes

Every long-term performance chart will show you that equities outperform other asset classes. But as my Biznews colleague Jackie Cameron explains in today's fun contribution, for most people the real wealth creator has been their own homes. Clearly, one should never under-estimate the impact of leverage in a rising market.

Jackie Cameron writes: "When I was 18, a good-looking fellow student intercepted me as I was coming out of a Rhodes University lecture hall. 'Do you play bridge?' he asked. 'Oh no,' I replied quickly, slightly appalled at the idea that he imagined I might be hanging out with the blue rinse brigade on Saturday afternoons.

'That's a great pity. I'm looking for a bridge partner,' he said, revealing that he had got hooked on the game to keep himself occupied on boring army duties north of the border. Always quick to spot an opportunity, I immediately indicated that I was 'willing to learn' the game.

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