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Reply to "Where do you bank if you have a high net worth?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We have a [b]very high[/b] net worth and we are fine banking with Bask and Fidelity. As in…our NW grows by $250K per month through passive income and active investments alone. DH and I are both tech savvy, online influencers. Not sure about all these other losers leaning on trusts, attorneys, and financial advisors. Seems like a foolish move for the older and less intelligent generations…we possess the technical ability and business acumen necessary to successfully invest and manage our own assets. [/quote] Your comment doesn’t really make much sense. Considering the verifiable wealthiest people in the world make use of trusts and advisors to save literally billions on taxes. Maybe you are saying that you and others just aren’t rich enough to even know or understand what you don’t know? [/quote] We save the same billions…and billions more…because we don’t squander unnecessary resources on trust attorneys and financial advisors. Furthermore, we achieve even greater results than is accessible to the masses. We’re doubly superior in part to our willingness to work hard and in part to our ingenuity. Love it when the alleged-elite spend $250K on financial advisors, make $5M, and then brag about their illustrious wealth and brilliance. Whereas we spend $0 on financial advisors, make $25M, and have confidence in our ability to out-accelerate the lemmings at every turn. [/quote] You obviously don’t have billions….you listed your monthly income. Are you forming your own trusts without lawyers? I assume you wouldn’t be so stupid to allow your massive estate to be subject to estate and other taxes as just one example. [/quote]
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