If you can just decide to cash out, you’re not broke. I have personal and retirement investments. Neither is realized money until sold because the value is variable until then, as is the possible the liability, and withdrawal from my retirement investments early comes with a penalty, etc. But it’s still an asset that I can sell at any time. It has value, even if that value changes over time and on certain conditions.
So when a person says that they don’t have money because they invest it all in some asset (stocks, a private company, physical assets, etc.), they are still being deceptive. They can trade that asset for cash whenever. They are still wealthy even if their assets aren’t very liquid. They can even borrow on thoae assets, be in debt and still be millionaires.Pretending otherwise is deception.
jimmy might also be signaling hes going to begin doing just that. rich people do keep an eye out for that sort of thing because people like them leaving can actually affect portfolio, given the economy is made of glass rn, cascading effects are v possible when the upper levels start to bail on each other right now, wonder how long a lot of these guys have before they finally tap out.
If you can just decide to cash out, you’re not broke. I have personal and retirement investments. Neither is realized money until sold because the value is variable until then, as is the possible the liability, and withdrawal from my retirement investments early comes with a penalty, etc. But it’s still an asset that I can sell at any time. It has value, even if that value changes over time and on certain conditions.
So when a person says that they don’t have money because they invest it all in some asset (stocks, a private company, physical assets, etc.), they are still being deceptive. They can trade that asset for cash whenever. They are still wealthy even if their assets aren’t very liquid. They can even borrow on thoae assets, be in debt and still be millionaires.Pretending otherwise is deception.
jimmy might also be signaling hes going to begin doing just that. rich people do keep an eye out for that sort of thing because people like them leaving can actually affect portfolio, given the economy is made of glass rn, cascading effects are v possible when the upper levels start to bail on each other right now, wonder how long a lot of these guys have before they finally tap out.