3 ms·
If the millionaire has most money in the market, won’t they be wondering what happened to their money as well?
by azinman2 1y ago
If the millionaire has most money in the market, won’t they be wondering what happened to their money as well?
- FollowingTheDao 1y agoThey do not make up the majority, and most of them have other assets: "only about 12% of U.S. households have a net worth over $1 million." https://finance.yahoo.com/news/guess-percent-people-1-million-203249715.html https://finance.yahoo.com/news/guess-percent-people-1-millio...
- azinman2 1y agoI’m in that 12% (fortunately). But I’m far from the 0.5%. The 0.5% have complex diversified assets. “Normal” millionaires like me are mostly real estate and market. We are vulnerable both to market losses and, if the economy crashes, much lower property values.