Lordfunkbox
Team Owner
But what should he do to ensure that he doesn't lose it all in the event the company fails and the value plummets? Can't he claim a piece every month, put it in a HY savings or CD? Park it somewhere so that all his money isn't resting on a gamble?
I don't see how one can retire if all their money is tied up in investments that could be lost at any given moment. That's betting too much. I rather cash out at $900k than wait for $10M and end up losing it all. I rather quit while I'm ahead. I don't need to be filthy rich, just comfortable enough to live.
Exactly. I don't know why he would keep it all in investments. Take out a certain percentage and put in it a high yield savings account and live off of that while keeping the remainder invested.