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holdings of taxable Treasury bonds.
Investment in real estate is far larger, accounting for about 12 percent of the millionaires’ wealth. Increases in property values undoubtedly have played a large role in the creation of new millionaires, especially in recent years when the stock market has been through a series of sharp ups and downs without registering any substantial long-term gain in values.
If there is anything we can do to help you in the field of real estate, please phone or drop in at EILEEN M. DAY, REALTOR, The Clopton House, Washington, Va. 22747. Phone: 675-3400. We’re here to help.
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