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Reply to "Generational Wealth"
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[quote=Anonymous][quote=Anonymous]Well the thing about generations is you end up with more people over time. So it depends on what you want for what generation. [/quote] This, the math of reproduction will always work against you with trying to preserve familial wealth. A wealthy family from 200 years ago will have hundreds to thousands of descendants. And the money will not be compounding without “drag”, it will be withdrawn from, there will be inflation, mismanagement, etc. Even if you don’t touch the principal, the value of the principal will be eaten away from by inflation unless a fraction of the interest is reinvested. [/quote]
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