Re:Harry Browne’s 17 Golden Rules of Financial Safety (2013)
by nly on Sunday September 03, 2023 @02:27PM
(#37372898)
Most UHNWIs have the majority of their liquid wealth in public stocks, real estate and bonds. It's a bit of a myth that they have exotic investment tastes (once you eliminate equity in their own businesses)
[ Parent
| on HN ]
Re:Harry Browne’s 17 Golden Rules of Financial Safety (2013)
by hammock on Sunday September 03, 2023 @02:46PM
(#37373107)
>Most UHNWIs have the majority of their liquid wealth in public stocks, real estate and bonds
Not clear if you’re trying to refute me, but that aligns with what I said.
I cited a leading UHWNI research firm which has a sample size of 1200+ (very good for this hard to find, small audience). Do you have better data?
Re:Harry Browne’s 17 Golden Rules of Financial Safety (2013)
by glitchc on Sunday September 03, 2023 @03:47PM
(#37373736)
Modern UHNWI individuals in the tech markets are almost entirely stock in their own company(ies). It's paper money against which they borrow to fund their lifestyle. They do sell this stock from time to time, but mainly to pay off debt. If they sold everything all at once, the stock would tank, taking their wealth along with it.