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*After a certain level of wealth _and knowledge of investment markets_, your money will work for you. For the majority of people reaching a certain wealth poin
by octokatt 7y ago
*After a certain level of wealth _and knowledge of investment markets_, your money will work for you.
For the majority of people reaching a certain wealth point, they leveled up their knowledge with their incoming cash flow. For lottery winners and sports stars, they got plopped in the middle of level 20 among the sharks.
- C1sc0cat 7y agoAn how long have you been running your own investments eh? one two or three decades? You are assuming everyone is sensible with money
- wasdfff 7y agoOnce you get some wealth you probably shouldn't be running your own investments. You will probably have someone taking care of your portfolio and giving you the bullet points every now and then.
- _nalply 7y agoThe problem is how to select that someone.
- C1sc0cat 7y agoA lot of the "wealth mangers" are just young inexperienced guys/gals and you end up with a closet tracker an pay through the nose. Good mangers are not cheap
- NotSammyHagar 7y agowhat is a 'closet tracker'?
- C1sc0cat 7y agoOh just like the Roschilds then
- C1sc0cat 7y agoAh yes just like when I was inexperienced and was paying 2.5% for a closet tracker from my bank.