Ah there is liquidity too, but your brother comment makes my point clearer.
About liquidity, yes most people with a million net worth actually have more than half in their house, so technically it is much harder for them to throw cash than somebody with a billion and a much smaller % of their worth in illiquid assets such as property or unlisted companies. I wish I had made this point too.
Ah there is liquidity too, but your brother comment makes my point clearer.
About liquidity, yes most people with a million net worth actually have more than half in their house, so technically it is much harder for them to throw cash than somebody with a billion and a much smaller % of their worth in illiquid assets such as property or unlisted companies. I wish I had made this point too.