Invest
Are you prepared to handle large amounts of money?
By Early Retirement SG  •  August 26, 2017
Everyone thinks they can handle large amounts of money. Like, what's so hard to handle right? More is better, especially when we're the frugal community.

I personally don't think so.
For us, we saved my AUM while working. So every few months, we would just buy some stocks and slowly built up our portfolio. It was simple to manage cos it wasn't a lot of money every few months.

I started feeling some discomfort when I was rebalancing our portfolio a few years later. I was selling down some stocks and consolidating our positions in other stocks when I noticed that I needed to make large purchases to consolidate. It wasn't just a bit at a time anymore. That was when I realized that handling larger sums of AUM wasn't as easy as it sounds. I was fortunate that I accumulated it slowly cos it allowed me to get used to the numbers

...
Read the full article
By Early Retirement SG
Male, born in 1982. Graduated with a degree majoring in Banking & Finance, Financial Adviser for a period of time resulting in in-depth knowledge of insurance products and marketing techniques of the industry ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance