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Reply to "At what net worth are you considered wealthy ?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We have an <100K income and >10M in assets. We live frugally, since there is no spending of capital. I suggest you bear in mind that there are as many financial situations as there are people and that initial appearances can be deceiving.[/quote] So your wealth is tied to your primary residence? No rental property? [/quote] I replied earlier. We have Apple stock. No rental properties or real estate apart from the house we live in. [/quote] And it's not family money. We invested when we were young, that's all.[/quote]Gotcha. The investment community doesn't talk about this. The role that luck or variance can have in your investment returns. IOW simply your incredible timing of buying Apple stock. (I'm not saying Apple was not a great stock to invest in). You have an unusual situation. At some point you clearly would have to take steps to diversify the risk. [/quote]
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