How a person views money, whether that person is wealthy or not, is highly subjective. The same person might view money differently at different points in time.
If you are considering to start trading stocks with a short-term horizon, instead of investing in stocks or other instruments for the long-term, then you should trade in stocks using the money in your ‘discretionary fund’, also known as ‘play money’.
A startup can be a public company or a private company. It is not common for an early-stage startup to be a public company, though there are a large number of early-stage and late-stage startups that have gone public in various stock exchanges across the world.
Every person needs a decent-quality financial adviser, if not a high-quality financial adviser. The question is: “does the fees that I have to pay to avail the services of a financial adviser is justified for the amount of wealth that I own?”
You have seen, heard and watched friends, family and associates make great returns on their money in the share and property markets while you have sat there holding cash. You’re disappointed with yourself and your tolerance for cash is wearing thin.
Firstly, there are many career economists who are wealthy/successful investors.
The wealthy use many wealth management services and privileges that an average person does not have access to: