My # 1 investment advice:
If you still have money left when you die, you have done something wrong.
Too much hedging can be boring.
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But if you die from nothing to eat becouse your money have gone, it’s OK?
Advice # 2 would be to always keep enough for a bit of food.
Alternatively, this advice can be restricted to countries with a social safety net.
i think leaving at least some money for your children is a social norm, not that it is an obligation. maybe mostly to asians only. i don’t know but it is pretty normal to do that in Singapore.
I noticed that. I once had a child from the Philippines ask me if he could already inherit part of his father’s wealth before the father had died: http://andreasmoser.wordpress.com/2011/01/25/greedy-child/
I actually also belief it is the social norm outside of Asia. Definitely in Germany.
i just read about it on yo wordpress! THAT WAS HARSH. but the kid is so silly. haha it is like he got the “little emperor’ syndrome in China.
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