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A lot (not all) of rich people who inherited money actually do nothing, they have money people managing their wealth (for a good cut of the profits). And makin

• IanDrake 9y ago
  The inheritors you speak of aren't making money with money, they are spending money and will have none when they're done. I don't think I ever claimed that wasn't easy. >"Perma-bull stock market". Uhg. If it were only that easy. Making money on paper is easy right? Any idiot can see through every little dip in the market over the last ten years and not get rattled and ride it all the way to the top and then have the 6th sense to see the next dip for what it is, a crash, and move all their money to another asset class just before it happens. No, that's not what happens. People ride it all the way back down and often end up with less than they started with. Then someone who knows very little about investing tells them, at least you should make 8% on average historically as consolation. Tell me when to yank my money out if it's so easy. It's not. A correction is coming, but when, how will I know, and what to do when it does?