Reply To: Re: How To Maximize Your Investment Losses In 5 Easy Lessons

[Viscount St. Albans]

Net worth survey of the readership. Let’s dispense with the illusion. We’re not equal.

How much are you worth?

I’m willing to stake my claim. Let’s assume the same ambiguity that current members of Congress use to cloak their assets and liability mix. If you’re in the $5m – $20 m dollar range (then good on you, clearly grandpappy worked hard to provide for his offspring).
If youre’ in the $0.5m -$5m dollar range (then congrats to you too).
If you’re in the 0.0m-$0.5m dollar range, then i’d be curious to know.
If you’re in the negative equity range, then that’s worth knowing as well. Let’s cut to the chase. For each bracket, the range of recommended behaviours varies. If you’re worth $0-200,000, then your freedom of action is dramatically different than someone worth > $500, 000 . Let’s not pretend to lump one another together. Let’s enunciate our differences in the interest of delineating the appropriate course of action for each grouping.