Comments on: Wealth preservation strategies of the rich

By: doesn’t anyone have a job, and links | brip blap

doesn’t anyone have a job, and links | brip blap — Fri, 04 May 2012 10:57:28 +0000

[...] The preservation of wealth: “In fact, I doubt there’s a rich person in the world getting by with an index tracker, a savings account, and a wodge of Government bonds.” Probably true. I’m convinced that index funds, savings, etc. are the mark of a small, non-rich mind. That having been said, they are also the mark of an educated, non-poor mind. There’s a big gray area between rich and poor that can be quite comfortable for many of us. [...]

By: FastSwings

FastSwings — Fri, 23 Jul 2010 02:46:22 +0000

Stock Carnival Ecstasy – July 22, 2010…

Welcome to the July 22, 2010 edition of Stock Carnival Ecstasy.This time we have some really good articles from some great blogs. Patty Pedersen has a Mid-Year 2010 Stock Market Outlook with……

By: Carnival of Financial Planning – Edition #150

Carnival of Financial Planning – Edition #150 — Sat, 17 Jul 2010 10:02:57 +0000

[...] Investor presents Wealth preservation strategies of the rich posted at Monevator.com, saying, “The way you invest changes when you’re more concerned [...]

By: Barb Friedberg

Barb Friedberg — Thu, 15 Jul 2010 20:34:21 +0000

Hi Monevator, Too much money equals waaaay too complicated for me. Research has shown (Chatzky, The Difference) has shown that beyond a certain level, more wealth does not equal more happiness. Although really difficult to accomplish, the simpler investing (and life) the better! Love your site and topics. Best regards, Barb .-= Barb Friedberg on: REDUCE STRESS Get Rid of Dysfunctional Money Behaviors – Part 2 =-.

By: DreamSpark @ Thunderdrake

DreamSpark @ Thunderdrake — Thu, 15 Jul 2010 18:48:36 +0000

You make a very interesting spin on protecting and preserving wealth. In contrast to building wealth, that’s a completely different story.

I am loathe the Rothschild banking dynasty, but if anyone can learn something from those sociopathic thugs when it comes to economics, it’s… Well… Pretty much all of us.

GETTING rich on the other hand is almost like the polar opposite. And I would strongly advise against diversification for anyone with a low net work. One has to take risks to get there. But true wealth preservation makes sense by having wide diversification. And that’s even if one knows exactly what they’re doing. If I wind up with a large sum, that’s most likely what I would do!
.-= DreamSpark @ Thunderdrake on: 7 Reasons why I HATE mutual funds =-.

By: FinEngr

FinEngr — Thu, 15 Jul 2010 03:18:49 +0000

@Monevator:

Right, I understand the real assets context but was implying that the label “real” is less defined. If a company goes belly up, liquidates everything tangible, and ends up with a positive book value – isn’t that real?

And yes – I’m not trying to lead you to an answer, I honestly don’t know and am asking.
.-= FinEngr on: SpotLight Investing & Portfolio Optimization =-.

By: The Investor

The Investor — Sun, 11 Jul 2010 17:15:24 +0000

@Sam – Well, I don’t think he was being racist. He was making a pun on your blog’s title. It might not have been a particularly elegant pun or portray a deep knowledge of different martial arts movies, but I don’t think it was racist. (Does anyone even know what your race is, or OldPro’s for that matter?)

I’m tempted to delete the whole thread of comments as I don’t think anyone comes out of it very well, but I’m leaving them here out of respect for all concerned as regular commentators. But let’s just leave it now? Readers can read the different views and make their own minds up.

By: Financial Samurai

Financial Samurai — Sun, 11 Jul 2010 16:48:24 +0000

There's one thing I won't stand, and that's putting up with ignorant bigots. Being old is no excuse for making racial digs and treating people poorly. Old Pro has to change with the times, because the world is not going in reverse. .-= Financial Samurai on: West Coast Living – Yes It Really Is That Much Better- =-.

By: The Investor

The Investor — Sun, 11 Jul 2010 10:34:42 +0000

@FinEngr – Not sure if this is your question, but ‘real’ assets in this context means anything that is a tangible, real world commodity or ‘thing’, rather than a financial instrument. For example, houses, gold coins, forest plantations, art, etc.

By: The Investor

The Investor — Sun, 11 Jul 2010 10:30:22 +0000

@Sam @OldPro – Can we leave it there please? I don’t think this is adding much to the discussion of inflation now, and you’ve both said your piece. Thanks!

By: Samurai

Samurai — Sun, 11 Jul 2010 01:03:31 +0000

Old Pro, Jackie Chan is from Hong Kong, a samurai is from Japan. Are you really that ignorant? If you are, then I feel sorry for you.

Don’t worry, I’m only happy you’re closer to passing than the rest of us. The world needs less racist, ignorant, and now senile people. So don’t worry about anybody middin you

Cheers

By: OldPro

OldPro — Sat, 10 Jul 2010 22:55:50 +0000

“Financial Samurai” – racist… eh? You are the one calling yourself a samurai… martial arts and all that, hence Jackie Chan. A lemon is a dud investment product. Hardly racist… a play on words!

I would apologise for the confusion… but after what you wrote I won’t spare my breath. Got to keep every last gasp in at my age eh… wow, that was pretty stuff… do your readers know you wish them dead at 50?

Being young is an excuse not to know about inflation… but not an excuse for everything.