Why do 70% of families lose their wealth in the 2nd generation? (2018)

Re:Why do 70% of families lose their wealth in the 2nd gener... by hsnewman on Saturday January 08, 2022 @10:52AM (#29852781)

So where can I get into that 4% above inflation investment that is financially secure (ie: low risk of capital loss)?

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Re:Why do 70% of families lose their wealth in the 2nd gener... by pilom on Saturday January 08, 2022 @11:00AM (#29852861)

Over a long enough time period index funds are pretty darn secure. The key is the long time period. And since the beginning of records, the inflation adjusted return is around 6-7%.

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Re:Why do 70% of families lose their wealth in the 2nd gener... by iso1210 on Saturday January 08, 2022 @11:29AM (#29853194)

Of course if western capitalism finally crashes you'd be screwed. But then everyone in the west is.

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