Preserving Your Wealth In Todays World Is a False Sense Of Comfort
The word itself, preserving, ones wealth just sounds like death. It really doesn't matter if you have $1,000,000,000 or $100,000 in net worth, preserving is death of your wealth, one net worth just takes longer than the other to dwindle down. It is truly a false sense of security when financial advisors or individuals market preserving your wealth especially in this low interest environment. That is because after fees and inflation you are border line wiped out especially the closer you are to middle class wealth. When it comes to wealth you have to be active you have to be fully involved after all it is your money. The biggest mistake people make is handing over their wealth to others without fully researching what they can do on their own. You can manage to invest in more industries then ever before and have more control of your own destiny with todays technology. So start being proactive and doing it.
Lets take a brief history tour and take a look at how we got here. We arrived in this mess of preserving wealth due to the fact that most times to be a part of industries and funds you need a certain check size, a large check. So for the middle class you need to pool the money together through third parties who are collecting fees to invest in market participants or specialists who are also collecting fees. this system worked in higher interest environments because you could generate enough of a return in simple markets to justify it. Not so much anymore we are in a new industrial revolution, the 4th, coupled with the lowest interest rates in banking history. Yeah the lowest EVER, because at zero interest the banking system doesn't make sense and would have never have been invented under this model so its all a little confusing right now. So now more then ever you have to have control of your own fate and your own destiny. The bright side is technology allows you to be a part of it.
The only way for the mass market to participate before in large companies was through stock offerings for a mere $20 you could participate in the growth of a $1,000,000,000 company and its growth. The stock market though has so many twists and turns and is a market of its own that you need professionals just to navigate it. Couple with the fact that information was scarce and hidden with professionals in the past. Now in the age of social media and universal data you can find out news and information about a company before its own board of directors does. You can find information readily available on the web. You have to sift through it but its better then paying all those fees.
Lets also talk about alternative markets that most people were always left out of because of the large check sizes needed like real estate, start ups and private offerings. Not only did the check size need to be large but in some cases you still need to be a "sophisticated investor" or have a net worth of $1,000,000 or more and income over $250,000 a year. Technology is changing this you are able to participate more then ever not just in national and global businesses on your own but in your own local market. You have great companies right out your own door whether you are in Cleveland, New York City or Detroit. You have great local businesses that are starting up and becoming global. With crowdfunding and Kickstarter you now more then ever get to participate in these ventures and have access to deal flow. Opening up another investment diversity pool for you to be a part of.
What I am pointing out with all these options is it is becoming easier and more streamlined to invest your money for it to grow and not wither away and die. You can literally access most of these products from your phone. As the technology gets better and more efficient anyone will be able to participate and have access to more market previously untouched. It allows for more data and access then ever before. Right now you have the power to control your own fate and not preserve your wealth and watch it die. It is a false sense of comfort when you have all these possible tools at your disposal. Don't allow your wealth to die allow it to grow and tend to it with care.
Grant Cardone's 10X will kick you in gear to take control of your own life.