In what forms do millionaires maintain their wealth? | Gold ...

Q&A: In what forms do millionaires maintain their wealth?

Supposing I win the lottery next month and am suddenty worth 20 million, what are the best safe ways to save/invest the money that also doesn?t involve spending a lot of time ?managing the money?? (No, I haven?t won any lottery).

The safest (and probably dumbest) way is to keep all of it in a bank (with a limit of 100,000 per account, that?s a lot of bank accounts). Alternatively, invest all of it in US treasury bills. At the other end of the spectrum are speculative investments like stocks, gold, real estate, futures, etc, which require effort and energy in keeping track of the market, constant buying and selling, etc.

Are there well known best practices that wealthy people use to both safeguard and grow their wealth?

Thanks.

Goldsenze Answer:

Most rich people hire financial planners and stock brokers to help them. They also get lawyers. I suggest that.

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