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The only difference is the 50m makes profit with little or no risk. And the consequence of this is consistent inflation, lowering of the purchasing power of do
by notthegov 11y ago
The only difference is the 50m makes profit with little or no risk. And the consequence of this is consistent inflation, lowering of the purchasing power of dollar, quanitative easing and military keynesianism, along with other things.
One example is if you had $10m in real estate, infinitebank with loan you super low interest rate and then you invest it in a limited $200m fund which had some quasi-guaranteed rate. I can't remember the details but the risk was zero or low. Can't remember the fund name.
However, the advisor to the 50k person probably knows more than the advisor to the 50m person. The high networth advisor is even more of a salesman with no real knowledge.
But at the world's largest wealth management firms, 50m clients are not so encouraged. Wouldn't want to be a threat to the Managing Director or CEO.