This article was interesting because I know where I study everyone talk about total salary rather then net salary or any other measure to indicate wealth.
With his £390k, Lawrence has accumulated £4.2m in assets.
a flat in Clink Wharf, currently worth around £1.4m, but purchased in 1995 for £285k; a house in Amberley West Sussex, currently worth £822k, but purchased for £618k in 2002 using £136k of profits made on a previous house sale, savings and investments (£640k), deferred compensation (£200k), a pension (£580k), pianos and art work.
Questions: 1. Is asset accumulation going to become more/less important than total salary? Does the economy impact what assets you choose to buy? 2. What would you buy if you had the money?
What? I have no idea what you're talking about here. You can make $500k/yr and be broke as fuck.
You'd also have to be dumb as fuck..
Not really... just be a VP at a bank in New York and have kids and then get a divorce
He's asking if it is worth having some investments on the side to supplement your compensation from work.
It's a very broad question, but I think the general consensus is that if you're in IB as an analyst, it's not worth it because you won't have any time to manage your properties adequately.
Just throw it in an ETF, beats your savings account interest rate and bonds probably aren't the smartest investment right now.
answer to questions:
Net income has always been subordinated to enterprise value. IE, who cares how much you make, it's what you HAVE that matters. The economy HAS ALWAYS affected what peopl buy...real estate, fine art, and other investments can only go up in value over time....even if they take short term hits because people simply don't have money to spend.
If I had oodles of cash, I'd buy world peace.
Put that in your pipe and shmoke it.
Dude, stop copying articles from efinancialcareers! They suck on there and they suck here.
When my first bonus check rolls around, I'm investing in real assets for sure.
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