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re: Is $1 million a lot of money in 2019?

Posted on 6/24/19 at 10:49 am to
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
90906 posts
Posted on 6/24/19 at 10:49 am to
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.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
8979 posts
Posted on 6/24/19 at 1:23 pm to
quote:

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.




Yeah, I don't really understand that either. I guess someone with a very high level of spending could flunk with that asset level. But you could live damn well with those kinds of assets.
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