Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [wealth-preservation]

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What does "not touching the principal" actually mean?

When talking about "trust fund children" or large savings it's common to hear the phrase "not touching the principal", which means that only the "earnings" from the money are spent, and the cash pile itself does not get smaller. However I am not…
ConcernedCitizen
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1.4 million cash. What do I do?

I hit the jackpot by selling my start up for $1.4 million. Then I took a salaried job at $107k. I have no debt and own a fully paid-off house and car. For the rich this may sound like small money, but this is new to me. 1.4 million is not enough to…
Sleepless Wanderer
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How did Bill Gates actually make his money?

This is something that has always made me curious as heck. I don't really understand how corporate system works so please forgive me if the answer is extremely obvious. I realize Microsoft's history, their partnership with IBM, their enormous…
Aayush Agrawal
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What else can I do aside from my job to accumulate wealth?

I have a 8-6 day job in which I trade most of my time in a day just for a mere wage of about 30k a year. I've found accumulating wealth through monthly wages too slow and works against me because I have a limited amount of hours and energy I can use…
xenon
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In USA can I offset capital gains from the sale of a business with capital losses from stocks?

I recently sold a business and will receive a pay-out spread over a couple of years. Each year I will receive a predefined sum, which will be reported as capital gains. Now, with the stock market down, should I sell* stocks to generate capital…
brt
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How to start building wealth from a young age?

NECESSARY INFO Hi, I'm 15 years old. I just won $1200 from an editing project. I could spend all of the money on things like smartphones and stuff that I want. But I believe it's preferable to be intelligent (like Warren Buffet for example) and…
John F101
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3-year horizon before trading up to next home: put windfall in savings, or pay off mortgage?

Summary: over the 3 years until I trade up to my family's next home, is it smarter to put my upcoming windfall (~$400K, earned over the next 3 years as I vest in stock) in a savings account (earning 0.75%), or, instead, use the windfall to pay off…
JonC
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What is the best way to save money from inflation and currency devaluation?

I live in one of the poorest and corrupt countries in Asia. The government is incompetent and laws only apply to the poor. The economy is shrinking and currency is going through constant devaluation against other moderately strong currencies in the…
user5800
4
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What am I not considering in my current Financial Plan?

Standard Caveat: I understand the opinions expressed on this forum do not represent financial or legal advice. With that said, I have a long term goal to preserve and build wealth (in that order) and I have drafted up a plan that I can commit to in…
Amar Srivastava
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What exactly is a wealth management platform?

I've Googled it. Trust me. It seems every site that talks about a wealth management platform already assumes one knows what this is. Is a wealth management platform a set of ideals, a software system, a book, a robot...? Does it keep an account of…
bloomers
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Why is the highest quintile the only quintile whose wealth exceeds its income?

Based on this study, the highest quintile of the population is the only group whose wealth is greater than its income. Why might this be? Is it because they are more likely to inherit wealth from their parents? Is it because they invest more money…
Yu Zhang
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Advice on preserving wealth in a volatile economic/political country

I'm looking for some advice on how to best position myself in an country that faces a volatile economic future in the short/mid term ahead. Some background: I live in South Africa where our currency has been slammed this year due to poor economic…
ZASC
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What kind of customer tier should I be aiming at?

I have about 2M EUR of savings, in all kind of supports (the choice of the supports was random or historic - not driven by any reasonable financial analysis). Since I have no interest in managing this money myself, I am considering leaving this to…
user32566
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How do I evaluate the Time value of money when buying term insurance?

I am currently evaluating buying a term insurance and very confused with few concepts around time value and evaluating the right option. Regular payments - you pay for 30 years lower amount now but higher total Limited payment - you pay for 10…
user1673216
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How to keep discussion with Wealth Advisor on topic?

I am based in the UK. I have an appointment with an HSBC Wealth Advisor next week to discuss a question. My question, is whether or not there is something more intelligent that I can do with a £200k portfolio split between Berkshire Hathaway and a…
Cat Terry
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