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Friday, October 21, 2016

If rich people have most of their money in stocks and such, where do they get money?

If rich people have most of their money in stocks and such, where do they get money?

If rich people have all of their \U0001f4b5\U0001f4b5\U0001f4b5 in real estate, mutual funds, stocks, bonds, e.t.f.s, c.d.s and other investments, where do they get \U0001f4b5\U0001f4b5\U0001f4b5 to pay bills and spend?

Answer by Bernie Klinder:

Money sitting in cash or near cash (short term investments like 30 day CDs) earns very little interest, so you’re right in assuming most of the wealth is…

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