3 ms·

Good luck to them, but new money is coming fast. They either go along with great new tech investments or lose out over time. Maybe I was just lucky in the past

Good luck to them, but new money is coming fast. They either go along with great new tech investments or lose out over time. Maybe I was just lucky in the past years, but as a person working in tech, coming from a poor family, but with access to great education, I see beating the market as easy. I won't give tips here, because I'm in the minority and I would be voted down (which I see as a prerequisite for making returns).

scarejunba 8y ago
They have land. Land usually beats inflation.
- Latteland 8y ago
  Tell that to the barons whose grandchildren or later are plumbers. Not that there's anything wrong with that ;-), but it's not the same as so rich you never work.
  - barrkel 8y ago
    Descendants are subject to inflation though.
    - OJFord 8y ago
      And dilution.
- xiphias2 8y ago
  Land is worth a lot, and still more than other assets, but relative value of non-tangible assets are increasing exponentially compared to land.
  - fastball 8y ago
    Yet land is the only true zero-sum game in economics.
  - Spooky23 8y ago
    Until you hit a patch where inflation or other economic trauma wipes out those assets. Old money people always have hard assets as a core part of their wealth.
- patrickk 8y ago
  Additionally, they're coasting on the the tech industry trend which encourages urban agglomeration[1] meaning it's more valuable to have people packed into a given urban area, therefore driving up the price of land. You can see this effect in tech and finance hubs the world over. [1] https://en.wikipedia.org/wiki/Urban_area https://en.wikipedia.org/wiki/Urban_area