I was talking to someone the other day with a net worth of $10 million or so who said with a straight face “I’m not wealthy.” I checked myself from correcting her then and there, though I really wanted to.
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When do you need the money? Everything flows from this question. But it can be so easily misconstrued. If you need your money soon, you shouldn’t take any risk with it, which means you can’t expect too much by way of returns.
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Most of the time, people have in mind the nominal or face value of their money: as in “How can I make it so the numbers I see when I look at my account don’t go down?” This of course is the simplest thing in the world.
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