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Published in:
2019 | OriginalPaper | Chapter
17. Epilogue
Author : Niall J. Gannon
Published in: Tailored Wealth Management
Publisher: Springer International Publishing
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Abstract
We can become wealthier when we recognize our own circumstances on a global scale, then make choices to allocate resources and habits that can feed OUR definition of wealth—whatever that may be. Managing wealth can be accomplished by filtering out the noise that has led to the complex portfolios that have failed investors over the past two decades. Understanding the relationship between earnings and interest rates is key—remembering that success is always swayed by the price you pay for an asset. The only investment performance that counts over time is that which exists after mistakes, inflation, taxes, and fees.
Composting or redistributing wealth is a necessary and healthy part of the financial ecosystem of our communities and our world. A conscious plan for spending, philanthropy, and legacy for our heirs can and should be a rewarding exercise.