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re: Is $1 million a lot of money in 2019?
Posted on 6/23/19 at 9:55 pm to Ace Midnight
Posted on 6/23/19 at 9:55 pm to Ace Midnight
Depends heavily on living expenses and location. I run a ton of cash flow projections and Montecarlo projections in my job for HNW and UHNW clients. I have seen clients in their 60s with a NW of $20M with $10M liquid flunk Monte Carlo. That makes for an interesting conversation.
1
Posted on 6/24/19 at 10:49 am to MSTiger33
quote:
I have seen clients in their 60s with a NW of $20M with $10M liquid flunk Monte Carlo. That makes for an interesting conversation.
I would tell Monte Carlo to GF itself if I had a balance sheet of $20m, with $10m liquid.
I would print out business cards, "Hi. I'm Ace Midnight. Kindly go frick yourself." I would be giving those to everybody.
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