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> Invest heavily in a startup that goes bankrupt. Or go big into real estate right before the market dips. Both of those things are gambling. If you're truly
by antisthenes 7y ago
> Invest heavily in a startup that goes bankrupt. Or go big into real estate right before the market dips.
Both of those things are gambling.
If you're truly wealthy, your financial advisor won't let you do either one. So the OP was correct.
- WalterBright 7y ago> If you're truly wealthy, your financial advisor won't let you do either one. So the OP was correct. You don't get wealthy without making risky investments. For example, I went to lunch with a billionaire once. He told me he made the money in stocks by mortgaging and margining everything he had, and buying volatile stocks. Do you think Musk's SpaceX and Tesla are low risk investments for him?