Re:The Rich Are Already Using Robo-Advisers, and That Scares...
by Mikeb85 on Monday February 08, 2016 @02:22AM
(#11056785)
> Investment advice is one of comparatively few fields where the quality of it available at $50 million in net worth is indistinguishable from $50k [+], but the price is 1000x higher.
Completely false. With $50 million you have access to all sorts of investment vehicles that you don't have access to with $50K. Hedge funds for example. Also, with $50 million you have more worries - the bank won't insure $50 million cash, so you need to be invested in something, with the aim of wealth preservation while paying as few taxes as possible.
Completely false. With $50 million you have access to all sorts of investment vehicles that you don't have access to with $50K. Hedge funds for example. Also, with $50 million you have more worries - the bank won't insure $50 million cash, so you need to be invested in something, with the aim of wealth preservation while paying as few taxes as possible.