3 ms·
I suspect that for a lot of people here the answer to "are you a millionaire" would depend on how you're valuing the stock they own.
by cperciva 9y ago
I suspect that for a lot of people here the answer to "are you a millionaire" would depend on how you're valuing the stock they own.
- guyfawkes303 9y agoYup. I guess I'm a millionaire on paper, in reality my bank account is negative several hundred dollars and all my credit cards are maxed out. Yay start-ups!
- deleted 9y ago[deleted]
- cperciva 9y agoNever mind "on paper" -- those of us who are running bootstrapped companies don't even have "paper" valuations.
- hkmurakami 9y agoAlso primary residence value. (I think that's relevant since HNW definitions exclude the value of their primary residence. [1]) [1]High-net-worth individual (HNWI) is a term used by some segments of the financial services industry to designate persons whose investible assets (such as stocks and bonds) exceed a given amount. Typically, these individuals are defined as holding financial assets (excluding their primary residence) with a value greater than US$1 million.[1][2][3]) https://en.wikipedia.org/wiki/High-net-worth_individual https://en.wikipedia.org/wiki/High-net-worth_individual